Texas Republicans have financed Big Tech companies like Apple, Facebook, and Microsoft to the tune of hundreds of millions of dollars using the Texas Enterprise Fund.
The report from the Texas-based Current Revolt exposes the Texas Enterprise Fund, showing how Republicans in the Texas Legislature have backed the diversion of hundreds of millions of taxpayer dollars directly into the pockets of the Big Tech companies that engage in the censorship of their very own constituents.
The aim of the TEF, as disclosed on the Texas government website, is to award “deal closing” grants to companies in order to persuade them into choosing Texas as the location for their new site, whatever that may be. “The fund serves as a financial incentive for those companies whose projects would contribute significant capital investment and new employment opportunities to the state’s economy,” the website states.
However, the TEF, supported by a large list of Texas Republicans, gives money to Big Tech corporations, who regularly engage in the censorship and attempted cancellation of conservatives.
Facebook, who regularly bans conservatives from their platform and recently permanently banned President Donald Trump, were awarded $1.4 million.