President Joe Biden has once again commented on the need to close crypto “loopholes” while touting his economic policies. Speaking in Chicago, President Biden shared his economic vision for America in what he claimed had been dubbed by legacy media outlets, “Bidenomics.” During the speech, he addressed the failures of the trickle-down approach and emphasized […] The post Biden extols economic progress in Chicago speech, again criticizing “loopholes for crypto traders” in U.S. tax code appeared first on CryptoSlate.
Share Tweet Post Share Post Email President Joe Biden has once again commented on the need to close crypto “loopholes” while touting his economic policies. Speaking in Chicago, President Biden shared his economic vision for America in what he claimed had been dubbed by legacy media outlets, “Bidenomics.” During the speech, he addressed the failures of the trickle-down approach and emphasized his plan to build the economy from the middle out and bottom up. President Biden highlighted how the Democrats have significantly reduced the deficit, created 13.4 million new jobs, and the U.S. has had the highest global economic growth since the health crisis. “Just in my first two years in office, my team and I have reduced the deficit by $1.7 trillion — more than any president has just in two years.” Underlining his commitment to making the federal tax system fairer, he pointed out that his administration had achieved that by eliminating loopholes for crypto traders, hedge fund managers, and “big oil.” He also intends to get billionaires to “pay up a little bit” more than the average 8% rate they currently pay. Biden frequently alludes to actors who do not pay their “fair share” in his public…
