Senate stimulus trimming cuts back broadband tax breaks - FierceTelecom

Tax credits for Internet service to low-income areas have been nicked too. Verizon is already bringing FiOS into low-income neighborhoods in New York, Philly, and Washington D.C., so senators felt no need to provide a tax break for investments the company had already planned to make.

Details on net neutrality and which federal agencies will distribute the money are being worked out. There are also demands from the cable industry to lower the definition of advanced service to 50 Mbps and Hollywood and the record companies to modify net neutrality provisions so ISPs can police the exchange of pirated copyrighted music and video.

Senate stimulus trimming cuts back broadband tax breaks - FierceTelecom