One of the amendments generating the most attention Thursday involved cryptocurrency.
“If we were not to adopt this amendment, then we could be doing a lot of damage,” Toomey said. “We could have a very chilling effect on the development of this technology, and that’s what I am most concerned about.” He said the administration believes “this provision will strengthen tax compliance in this emerging area of finance and ensure that high income taxpayers are contributing what they owe under the law.”The Senate came to a standstill for nearly two hours late into the night as senators privately debated next steps.
A much anticipated analysis of the bill from the Congressional Budget Office concluded that the legislation would increase deficits by about $256 billion over the next decade.It’s unclear if the budget office’s assessment could peel away support, particularly from Republican senators who have been wary of using what some view as gimmicks to pay for the package.
have they called their boss, Trump.
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