Biden's proposed 2023 budget would increase reporting requirements on cryptos and other digital assets.
"The Biden administration’s big-dollar revenue estimate that includes the contentious crypto tax reporting provisions of the infrastructure law may send signals to the IRS to go after miners, software developers and other small cryptocurrency entrepreneurs," Burlau told Fox News.
Sen. Ted Cruz went viral on Monday, Aug. 9 2021, after giving a speech on the Senate floor critical of his colleagues' attempt to add a provision inside the $1 trillion bipartisan infrastructure bill that would put in place tougher tax enfo The Biden administration is very likely to miss the $11 billion estimate, said Liz Mair, a Republican political consultant who describes herself as a "recovering" banking and mergers and acquisitions lawyer who is familiar with financial services and tax policy."It seems glaringly obvious from events over the last few years that few decision-makers in Washington, D.C., really get crypto, or much in the realm of tech and innovation generally.
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