Author: mayakobayashi4

Congress just passed a $1.2 trillion spending package, aimed at mending the US roads and transport infrastructure.Democrats claim the bill pays for itself through a variety of sources without raising taxes. But the Congressional Budget Office reported that the bill would add $256 billion to the deficit over the next 10 years. If taxes are not raised, where is the money coming from? The CBO stated that the bill would raise about $50 billion by changing the tax reporting requirements for cryptocurrencies, among other measures. That would be half a billion per year out of a global market cap of ... Read more