Biden pleads for an end to the tax loopholes that benefit wealthy crypto investors

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US-Präsident Joe Biden plädiert für ein Ende der Steuerschlupflöcher, die den von ihm als „wohlhabenden Krypto-Investoren“ bezeichneten Unternehmen zugute kommen. In einem Twitter Post Am späten Dienstag teilte Biden eine Infografik mit der Aufschrift: „Wir glauben, dass der Kongress Steuerschlupflöcher schließen sollte, die wohlhabenden Krypto-Investoren helfen.“ Dem Beitrag zufolge haben diese Schlupflöcher die Regierung rund 18 Milliarden US-Dollar an Einnahmen gekostet. In seinem Tweet erwähnte der Präsident „MAGA House Republicans“ als Gegner seiner Steuerpläne. Biden rügt Republikaner Biden erklärte, dass er diese Änderungen zwar fordere, die Republikaner des MAGA-Repräsentantenhauses jedoch die Steuerschlupflöcher befürworten und im Gegensatz dazu eine Kürzung der …
US President Joe Biden pleads for an end to the tax loopholes who benefit the companies he describes as "wealthy crypto investors". In a Twitter Post on Tuesday, Biden shared an infographic with the inscription: "We believe that the congress should close tax loopholes that help the wealthy crypto investors." According to the contribution, these loopholes cost the government around $ 18 billion in income. In his tweet, the President "Maga House Republicans" mentioned as opponents of his tax plans. Biden complains republican bidges that he demanded these changes, but the republicans of the Maga representative house support the tax loopholes and, in contrast, a reduction in ... (Symbolbild/KNAT)

President Joe Biden advocates an end to the tax loopholes that benefit the companies he describes as "wealthy crypto investors".

In a Twitter Post In late Tuesday, Biden shared an infographic with the inscription: "We believe that the congress should close tax loopholes that help the wealthy crypto investors." According to the article, these loopholes cost the government around $ 18 billion in income. In his tweet, the President "Maga House Republicans" mentioned as opponents of his tax plans.

biden complains republican

biden said that he demanded these changes, but the Republicans of the Maga representative house support the tax loopholes and, in contrast, advocate a reduction in food safety controls.

The contribution by President Biden triggered major reactions in the crypto community on Twitter, and many wondered which tax loopholes he referred to.

Joe Biden Joe Biden. CNBC

Adam Cochran, managing partner at Cinneamhain Ventures, who focuses on digital assets, replied to the contribution and said that "cryptocurrencies actually suffer from the transfer between the transfer between financial levels compared to other assets." He added that he would "challenge everyone to give this alleged gap".

biden suggests changes in crypto control

The latest tax plan is part of Bidens recently proposed budget for the 2024 financial year, which has not received any support from the Republican opposition in the US House of Representatives. In the budget, a change in the crypto taxation rules was proposed to target the Wash trading.

The administration found that crypto-assets initially did not subject the same wash trading rules that apply to stocks and bonds. However, the implementation of these changes in this emerging investment class could lead to income of $ 24 billion.

bidens government does not support cryptocurrencies and continue to introduce new strict tax regulations for the sector. For example, the Council of Economic Advisers (CEA) of the White House calls for a penalty tax of up to 30 % of the electricity costs of mining companies in the USA - a step that could have a negative impact on the profit of these operators.

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