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Biden's 30% Bitcoin Mining Tax Scrapped In Debt Ceiling Deal
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According to Ohio lawmaker Warren Davidson, the Biden administration's proposal to impose a 30% tax on Bitcoin mining has been shelved in Sunday's debt ceiling deal.
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El Salvador ???????? : adopts #Bitcoin and eliminates all taxes on technology innovations….. USA ???????? : proposes 30% excise tax on Bitcoin mining and has sitting congressmen calling every Bitcoiner a “tax evader” while our banking system crumbles into dust... Do better, America ???????? ????
US lawmakers so afraid of success of El Salvador's monetary policy and laws that they introduced a bill specifically to target El Salvador and fight its Bitcoin friendly policies, apparently Congress's introduction of a 30 percent Bitcoin mining tax bill wasn't enough for these dinosaurs.
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