The US infrastructure plan puts the magnifying glass on earnings from cryptocurrencies
Seventy-five billion is earmarked for the tech sector, which should also be financed by higher taxation of earnings from cryptocurrency trading
(Photo: Jim Watson / Afp via Getty Images) First step forward for the bipartisan infrastructure plan American: the law, which provides for the allocation of 1,200 billion dollars over eight years, was approved by the Senate, after articulated discussions behind closed doors between Republicans and Democrats on the shares of the new expenditure. Seventy-five billion is destined for the tech sector, which should also be financed by higher taxation of the earnings from trading cryptocurrencies. A similar tax, according to the Unified Tax Committee, would raise $ 28 billion.In particular, $ 65 billion goes to the development of broadband in low-income rural and urban areas. Another 7.5 will serve to branch out the network of electric vehicle charging stations, although at least 50 billion would actually be needed for the number of vehicles expected in 2030, according to observers. Another two billion will then go to cybersecurity, half of which to local administrations.
The law, which to become effective must also be approved by the House and then signed by President Joe Biden, provides as the first source of funding the reduction of the tax gap suffered by the Internal Revenue Service (a public body similar to 'Revenue Agency). This effort includes the will to tighten controls on capital gains from trading operations that has caused several senators to jump: the broad language used in the text would also risk including related software developers in the definition of "broker" and an amendment submitted for editing has been blocked. If this happens, it will probably be the Treasury Department that will have to define the regulation more precisely.
Other areas of new expenditure for the Infrastructure plan concern roads and bridges (110 billion), road safety (11 billion) ), public transport (39 billion), railways (66 billion), energy plants (73 billion), aqueducts (55 billion), environmental refreshment (21 billion), ports, airports and waterways (42 billion). Projects that, according to the Biden administration, should help create jobs for the post-pandemic recovery. For the Democrats they will have to be approved along with a massive $ 3.5 trillion social welfare plan to secure the two interventions ahead of the 2022 mid-term vote.
Politics - 2 hours ago
The Cuomo case reveals all the cultural backwardness on the subject of sexual harassment
Documents were checked before the green pass, without any controversy
An Android Trojan Hacked Thousands of Facebook Accounts
Topics
Broadband Coronavirus Cybersecurity Joe Biden Electric Mobility United States globalData.fldTopic = "Broadband , Coronavirus, Cybersecurity, Joe Biden, electric mobility, United States "
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
