Lummis Releases Orange Paper Highlighting the Pitfalls of Biden's Bitcoin Mining Tax Proposal
July 23, 2024
July 23, 2024
WASHINGTON, July 23 -- Sen. Cynthia M. Lummis, R-Wyoming, issued the following news release:
Today, U.S. Senator Cynthia Lummis (R-WY) released an "orange paper" in response to the Biden administration's FY 2025 budget proposal requesting a new 30% "excise" tax on electricity for Bitcoin miners, detailing the ways this disastrous proposal will erode American prosperity and financial innovation.
"President Biden is fond of saying budget proposals . . .
Today, U.S. Senator Cynthia Lummis (R-WY) released an "orange paper" in response to the Biden administration's FY 2025 budget proposal requesting a new 30% "excise" tax on electricity for Bitcoin miners, detailing the ways this disastrous proposal will erode American prosperity and financial innovation.
"President Biden is fond of saying budget proposals . . .