Congress adopted infrastructure law of $ 1.2 trillion-crypto supporters criticize changed broker definition, tax number 6050i-

The congress has passed the bidet government's draft law, which aims to improve the infrastructure, to combat climate change and to strengthen social services. The infrastructure law of $ 1.2 trillion, which also expands the definition of a broker, is waiting for the signature of US President Joe Biden after he was passed on Friday with 228 to 206 votes.

non-partisan infrastructure law is adopted in the amount of $ 1.2 trillion $

The cross-party infrastructure law has recently been a hot topic and on Friday the bill was adopted in the congress and is now waiting for the consent of President Biden. The farewell followed weeks of delays and debates when 13 Republicans joined a large majority of the Democrats to advance the proposal.

Breaking: The infrastructure law of $ 1.2 trillion has just been adopted by the House of Representatives and will now go to President Biden.

You cannot stop spending money and the prices for assets cannot stop climbing.

- pomp (@apompliano) 6. November 2021

bitcoin.com-Nachrichten was slimmed down to $ 1.75 trillion and the legislator reduced the number again before it was passed to $ 1.2 trillion. From the state dining room, biden celebrated said the law and said with a smile: "Finally ... Infrastructure week. “

The 1,600-page proposal discusses incentives to combat climate change, offers "universal childcare before the K for free computers. href = "https://www.theverge.com/2021/10/2275109/white-house-budget-climate-electric-vehible-ev-tax-credit-deal-canta" rel = "noopener"> say that around 550 billion US dollar for the fight the alleged climate crisis in the United States.

I voted against this so-called "infrastructure" law. This draft law only serves to advance the socialist agenda of America Last while it does not bear fiscal responsibility. Less than 9% of the price of $ 1.2 trillion flow into the hard infrastructure.

- MP Paul Gosar, DDS (@Repgosar) 6. November 2021

$ 47 billion is used for flooding, coastal and climate silver silence and $ 39 billion for the “modernization of traffic”. Around $ 5 billion is spent on low-emission and emission-free buses, $ 110 billion for roads and bridges and $ 7.5 billion for electric vehicles and power charging developments.

wide definition of a broker, § 6050i of the Tax Code

Now add another trillion debtberg already own the USA is unfavorable, most crypto supporters are more concerned about the cryptocurrency control.

senators who have contributed to the design of the bill have been changed by the provisions, which states that organizations that deal with digital assets are considered brokers. In fact, supporters of digital currencies are concerned that the definition of a broker is extremely wide, and crypto supporters believe that in addition to stock exchanges, software indicators and miners could also be targeted.

The way in which the invoice is written is the main concern of the Notification obligation to the Internal Revenue Service (IRS) would force all brokers to submit 1099 forms and explanations. In addition, there are concerns about changing the tax code section 6050i, which essentially requires that individuals and companies who have received USD 10,000 in cash or by bank transfer submit the IRS form 8300.

I have sent an email to both senators in the state of Virginia today. What have you done to live your life in the future? Abolish § 6050i of the Tax Code and punish the politicians by choosing them. #infrastructureBill #usgov Retweeten to spread the message

- Oh Smit (@Thatguyoliver) 5. November 2021

The form obliges companies and individuals to follow Know-YOUR-CUSTOMER procedures (KYC) and to record the name, the address and social security number of the sender. Detailed information on justification for funding must also be specified in the 8300 form.

meltem Demirors: "Infrastructure Act is naturally anti -American"

Even after the legacy of the bill in the congress, crypto supporters asked their American compatriots to call their representatives in order to correct the changed section 6050i. A crypto supporter tweeted :