Search

Nalezeno "Budget Proposal": 13

Insiders Report Report Kamala Harris Backs Biden’s Plan to Tax Unrealized Gains

21.8.2024
As Kamala Harris eyes the presidency, reports highlight the Harris-Walz campaign’s backing of President Joe Biden’s budget proposal. This plan seeks to raise capital gains to 44.6% and introduces a 25% minimum tax on unrealized gains for Americans with over $100 million in wealth. Harris is also...

U.S. SEC Asking for More Millions, Dozens of Lawyers to Beef Up Crypto Oversight

22.3.2024
Gary Gensler wants 33 more people in the enforcement division of the U.S. Securities and Exchange Commission (SEC) to deal with "new and emerging issues," according to the regulator's annual budget pitch. Much of that office's recent, emerging workload has come from the agency's pursuit...

SEC Requests $158 Million Increase to Tackle Crypto Market Challenges in 2025 Budget Proposal

19.3.2024
The U.S. Securities and Exchange Commission is seeking an additional $158 million for its 2025 budget to address the growing complexities in financial markets, particularly the challenges stemming from the crypto sector. The post SEC Requests $158 Million Increase to Tackle Crypto Market...

Biden’s Budget Proposal for 2025 Rekindles Discussion of 30% Electricity Tax for Crypto Miners

12.3.2024
President Joe Biden has reignited the debate surrounding the imposition of a 30% tax on electricity used by cryptocurrency miners in a budget proposal for 2025. The post Biden’s Budget Proposal for 2025 Rekindles Discussion of 30% Electricity Tax for Crypto Miners appeared first on Cryptonews

President Biden Proposes Crypto Mining Tax and Wash Sale Rule in 2025 Budget Proposal

11.3.2024
President Biden's 2025 budget proposal aims to introduce a crypto mining tax and close the wash sale loophole for digital assets. The move faces opposition from House Republicans, who criticize the administration's spending. As the 2024 presidential race heats up, the outcome could shape the future...

White House Pushes DAME Tax Proposal to Address Alleged Environmental Costs of Crypto Mining

3.5.2023
On May 2, 2023, the Biden administration unveiled a blog post outlining the Digital Asset Mining Energy (DAME) tax, featured in the president’s comprehensive 182-page budget proposal for the fiscal year 2024. The DAME tax targets “making crypto miners pay for the costs they impose...

Biden Budget Proposal Targets Crypto Investors Using Like-Kind Exchange Provision; Plan Aims to Tax Crypto Miners 30%

10.3.2023
On Thursday, the Biden administration released the U.S. president’s 182-page budget proposal for the fiscal year 2024, which aims to “grow the economy from the bottom up and middle out.” The budget includes an $835 billion increase in military spending, but the administration...

Biden Budget Proposal Estimates Additional $11B in Revenues by 2032 by Updating Crypto Rules

28.3.2022
The proposal also seeks to expand the DOJ’s budget by $52 million to fight ransomware and combat the “misuse of cryptocurrency.”

Florida Governor Ron DeSantis Says State Is ‘Figuring out Ways’ to Allow Businesses to Pay Taxes in Bitcoin

24.3.2022
Florida governor, Ron DeSantis explained at a press conference on Tuesday that he’s spoken with state agencies and told them to figure out ways for businesses to pay tax with cryptocurrencies. During the signing ceremony for a bill focused on financial literacy, DeSantis said that...

Florida Governor Ron DeSantis Proposes Creating a Cryptocurrency Payment System for State Fees

11.12.2021
The American politician and attorney serving as the 46th governor of Florida, Ron DeSantis, announced the state’s 2022-23 budget proposal last week and proposed an idea to let businesses pay state fees with crypto assets. The governor’s “Freedom First Budget” suggests...