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Politics

cryptocurrency negotiators at impasse over tax reporting rules

Senators hit a roadblock Thursday night on adjustments to the bipartisan infrastructure package’s cryptocurrency reporting rules as the White House weighed in to push a smaller change.

The bill’s lead negotiators, Sen. Kyrsten Sinema (D-Ariz.) and Sen. Rob Portman (R-Ohio), joined with Sen. Mark Warner (D-Va.), on an amendment late Thursday that would exclude “proof-of-work” miners and wallet developers from new requirements that those facilitating cryptocurrency transactions must report information on trades to the IRS for tax enforcement purposes. 

Continue Reading …Cryptocurrency Negotiators at ‘Impasse’ Over Tax Reporting Rules

bidens target of electric power in half of all u s vehicle sales by 2030 is a bonanza for chinaWhen President Joe Biden announced in the White House August 5 that he wants half of all cars and trucks sold in the United States to be Electric Vehicles (EV) by 2030, the loudest applause may well have been in Beijing.

Biden told an assembly of labor and political leaders as well as top executives from General Motors, Ford and Stellantis N.V. — which owns Chrysler, Dodge and Ram — that he signed “an executive order setting out a target of 50 percent of all passenger vehicles sold by 2030 will be electric and set into motion an all-out effort.” 

Continue Reading …Biden’s Target of Electric Power in Half of All US Vehicle Sales by 2030 Is a Bonanza for China

kansas rep davids contracts covid 19 despite vaccinationTOPEKA, Kan.—Kansas Rep. Sharice Davids tested positive Friday for COVID-19 despite being vaccinated against it and is in isolation at home.

Davids said in a statement that she has had only mild symptoms from her breakthrough case. She said she was tested after undergoing outpatient surgery involving the parathyroid glands in the neck that regulate calcium levels in the blood.

The two-term Democratic congresswoman for the state’s portion of the Kansas City metropolitan area said she’s been following precautions recommended by health officials, including wearing masks indoors, and her office said she’s back in her district. 

Continue Reading …Kansas Rep. Davids Contracts COVID-19 Despite Vaccination

doj tells court dont block new eviction moratoriumThe new eviction moratorium should not be blocked, Department of Justice lawyers told a court in a filing on Friday.

After two federal courts deemed the nationwide eviction pause unlawful, and the Supreme Court indicated that only Congress could extend the ban or put into place a new one, the pause expired, and no moratorium was in place.

President Joe Biden and officials within his administration said they were constrained by the court rulings, but abruptly changed course on Tuesday, imposing a pause for two months in 80 percent of the United States. 

Continue Reading …DOJ Tells Court: Don’t Block New Eviction Moratorium
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