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This morning @SecYellen will defend the admin’s tax proposals for FY2025 before @FinancialCmte members Hidden in the 188 page budget wishlist? A punitive tax on crypto mining that will phase up to 30% Tough questions must be asked about the admins attempt to drive out an… https://t.co/GroxdjmFw4
❖ YELLEN TO TESTIFY BEFORE SENATE COMMITTEE ON FINANCE ❖ YELLEN TO SAY ACTING TO BRING DOWN COSTS OF HOUSEHOLD EXPENSES
Over in the Senate, @SecYellen will appear before the Finance Committee this morning and highlight the key tax proposals from the administration’s FY2025 budget plan. @LauraEWeiss16 with the preview: https://t.co/P8smIV1oIP
President Biden's Budget Plan for 2025 includes new cryptocurrency taxes aimed at reforming the digital asset sector. The proposed taxes cover areas such as crypto mining excise tax and wash sale rules to improve tax fairness and transparency. Treasury Secretary Yellen is set to testify before the Senate Finance Committee to discuss these tax proposals and address concerns about household expenses.