Mike Carey (R-OH)
Their billProviding for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales".
A Republican resolution with 1 Democratic cosponsor. See the voting map.
Became law
The Senate voted 70–28 on Mar 27.
This joint resolution is a measure to express congressional disapproval of a specific rule submitted by the Internal Revenue Service.
Yes· 2 of 6
- Scored +3
Would business owners be better off under this?
The resolution prevents the increased compliance and reporting burdens on brokers and asset owners.
- Scored +3
Would high-income households be better off under this?
The resolution prevents new reporting requirements on digital asset sales which are frequently utilized by high-income individuals.
The opposite· 2 of 4
- Scored -4
Does this make what the government does easier for the public to see?
The resolution hinders the government's ability to monitor and report on digital asset transactions through gross proceeds reporting.
- Scored -3
Does this raise taxes on the highest earners?
The resolution prevents an IRS rule designed to increase transparency and reporting of digital asset proceeds often held by high-income earners.