USAF and USSF Department of the Air Force Secretary of the Air Force Frank Kendall’s first budget built entirely under his direction does a fine job of underwriting Air Force and Space Force capabilit...
Tag: Budget
How To Become Biden Roadkill
President Joe Biden just issued his raft of tax increases. Here’s the focus: the president wants to raise rates on the top earners across the board. Highest-earning individuals, investors, and corpora...
Biden Budget Proposal Targets Crypto Investors Using Like-Kind Exchange Provision; Plan Aims to Tax Crypto Miners 30% – Bitcoin News
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 in...
Biden Budget Proposes Taxing Crypto Miners
The proposed budget of the Biden administration has a clause that would impose taxes on the electricity usage of cryptocurrency miners. Tax To Discourage Crypto Mining U.S. President Joseph Biden’s p...
Biden’s new budget cuts $31 billion in tax breaks for oil companies
President Biden’s 2024 budget released Thursday includes yet another broadside from the White House against oil companies. The budget proposal — which Republicans have said is going nowhere on Capitol...
Bitcoin slips under $20K amid Biden budget, Silvergate collapse
The price of the Bitcoin (BTC) briefly slipped below $20,000 for the first time in nearly two months, following the latest budget from United States President Joe Biden and the collapse of “cryp...
Biden’s budget wants tax hikes, but expiring Trump tax cuts are the big showdown
For five years, most Americans have seen lower income-tax rates and tapped a bigger standard deduction, but without congressional action before the end of 2025, the rules could still revert to levels ...
Biden budget proposes closing crypto loophole to raise $24 billion in new revenue
Tucked within President Biden’s budget is a proposal to change the tax treatment of cryptocurrency transactions that would eliminate investors’ ability to take advantage of losses to lower...
Biden targets crypto, real estate and oil industries, as he unveils his budget
President Joe Biden on Thursday called for ending tax subsidies for cryptocurrency investors, the real estate industry and the oil and gas sector, as he formally rolled out his proposed budget for the...
Offers To Meet With Speaker ‘If He Has His Budget’
Topline President Joe Biden said Thursday he is ready to meet with House Speaker Kevin McCarthy (R-Calif.) to discuss the government’s fiscal year 2024 budget at “any time . . . if he has his budget”—...
Biden budget proposes 30% tax on crypto mining electricity usage
A phased-in 30% tax on cryptocurrency mining electricity costs has been proposed by United States president Joe Biden in his administration’s 2024 fiscal year budget. A Department of the Treasur...
Biden budget proposal aims to reduce deficit by $74M in 2024 via energy tax on crypto miners
U.S. President Joe Biden’s budget and associated tax proposals could impact cryptocurrency miners, according to the White House’s 2024 budget paper. The budget specifically proposes imposi...
President Biden’s Budget Blueprint Will Propose Changing the Tax Treatment of Cryptocurrency Transactions, Raising $24 Billion
The proposed Biden budget plan would close the current harvesting loophole on crypto tax losses, reducing wash sales trading. According to reports, US President Joe Biden’s new budget plan could close...
Biden’s Budget Proposal Includes Crackdown on Crypto Wash Sales and Doubling of Capital Gains Tax for Certain Investors
President Joe Biden’s upcoming budget proposal includes a few surprises for crypto traders and investors, as it seeks to raise around $24 billion through changes to crypto tax treatment. The pro...
Bitcoin Price Drops Below $21K As Biden Unveils New U.S. Budget
In a formal presentation of the proposed budget for the fiscal year 2024, U.S. President Joe Biden advocated the elimination of tax subsidies for cryptocurrency investors, the real estate business, an...
Biden proposed FAA budget for 2024 increases funding
An American Airlines Airbus A319 airplane takes off past the air traffic control tower at Ronald Reagan Washington National Airport in Arlington, Virginia, January 11, 2023 Saul Loeb | AFP | Getty Ima...
Biden Unveils $6.8 Trillion Budget With New Tax Revenue—Here’s What To Know
Topline President Joe Biden proposed new taxes on the wealthy in order to lower the federal deficit by $3 trillion over the next five years in his 2024 budget plan unveiled Thursday—but the proposal i...
Biden’s proposed NASA budget for 2024 increases funds to $27.2 billion
Vice President Kamala Harris meets with NASA astronauts Shannon Walker and Joe Acaba at Kennedy Space Center in Florida during a tour on Aug. 29, 2022. Bill Ingalls / NASA President Joe Biden is seeki...
Levy On Crypto Transactions To Raise $24M In Biden’s Budget
Biden’s budget plans to lower drug prices, raise some business taxes, reduce fraud and cut wasteful spending. It will also propose changing the tax treatment of cryptocurrency transactions. Even thoug...
How Biden’s 2024 Budget Outlines Trillions Of Dollars In Proposed New Taxes
Topline President Joe Biden proposed tax hikes in his budget Thursday that could reduce the deficit by $3 trillion over the next decade, according to the White House, with tax increases for billionair...
Biden Budget Plan proposes taxes to reduce crypto wash trades
U.S. President Joe Biden’s proposed budget will be released on March 9, including a stipulation for tax loss loopholes on crypto transactions. The budget blueprint will include a provision to reduce ...
Biden Will Propose A New 25% Minimum ‘Billionaires Tax’ In 2024 Budget, Report Says
Topline President Joe Biden will float a new 25% minimum tax on billionaires in his budget proposal set to be unveiled Thursday, Bloomberg reported, among a series of new taxes on corporations and the...
Biden budget aims to cut deficits nearly $3T over 10 years
WASHINGTON (AP) — President Joe Biden’s upcoming budget proposal aims to cut deficits by nearly $3 trillion over the next decade, the White House said Wednesday. That deficit reduction goal is s...
Biden Budget Plan Would Close Crypto Tax Loss Harvesting Loophole
The president’s team has already passed one crypto tax-related piece of legislation into law; in 2021, the Bipartisan Infrastructure Framework, which later became the Infrastructure Investment a...
Biden’s 2024 Budget Will Focus On ‘Billionaires Tax’ And Lowering The Deficit By $3 Trillion: Here’s What To Know
Topline President Joe Biden will propose new taxes on the wealthy in order to lower the federal deficit by $3 trillion when he unveils his 2024 budget plan Thursday — but the proposal is expected to f...
Gate.io to enter Hong Kong following city’s $6.4M budget allocation to Web3
Cryptocurrency exchange Gate.io is gearing up to launch a presence in Hong Kong following the local government’s planned 50 million Hong Kong dollar ($6.4 million) cash injection into Web3 under the c...
What Is the Best Budget GPU for Mining Crypto in 2023?
The world of cryptocurrency is a gold rush for the digital age, and the race for riches has never been more intense. As the demand for crypto continues to soar, the hunt for the best mining gear is on...
Eternals Was Over Budget Says Marvel
Salma Hayek as Ajak in Eternals. Photo courtesy of Marvel Studios. ©Marvel Studios 2021. All Rights … [+] Reserved. Marvel Studios Marvel Studios has revealed that its 2021 movie Eternals was ov...
US Budget Deficit Widens Rapidly, Threatening Debt-Limit Timeline
(Bloomberg) — The federal budget deficit is widening rapidly, according to the latest estimates by the Congressional Budget Office, raising the risk of the Treasury running out of cash earlier t...
A Debt-Ceiling Fight Could Raise U.S. Borrowing Costs and Worsen Budget Deficits
Illustration by Chris Cash Text size About the authors: Arvind Krishnamurthy is the John S. Osterweis professor of finance at the Stanford Graduate School of Business. Hanno Lustig is the school’s Miz...