House lawmakers are set to return from recess Monday and will likely take up the $1.2 trillion bipartisan infrastructure bill the Senate passed last week — and with it, a controversial and last-minute cryptocurrency tax provision.
The bill contains a tax reporting mandate forcing cryptocurrency “brokers” to disclose gains and transactions to the Internal Revenue Service (IRS) as part of a scheme designed to help cover part of the infrastructure bill’s cost. However, the bill’s definition of “broker” has been criticized by the cryptocurrency community and pro-crypto lawmakers as vague, expansive and potentially unworkable, with many fearing it could stifle the industry and force crypto companies to collect personal information on their customers.
The provision defines a broker as “any person who is responsible for regularly providing any service effectuating transfers of digital assets on behalf of another person,” and forces brokers to report transactions to the IRS in a form similar to a 1099. This means brokers have to collect and report customer information such as names, addresses, and taxpayer identification numbers.
The State Department said it will “no longer” charge Americans thousands of dollars to board evacuation flights out of Afghanistan, but it did say if it will reimburse those that have already been charged.
State Department spokesman Ned Price issued a statement to the press Thursday afternoon saying the Biden administration has “no intention of seeking any reimbursement from those fleeing Afghanistan.” But as of late Friday afternoon, nearly 24 hours after Price issued his statement, Americans seeking to secure evacuation out of Kabul continue to be told in a required government form that they’ll need to reimburse the U.S. government upwards of $2,000 or more for their evacuation.
“Repatriation flights are not free,” question 14 of the Repatriation Assistance form stated late Friday afternoon. “A promissory note for the full cost of the flight, which may exceed $2,000 per person, must be signed by each adult passenger before boarding.”
MCALLEN, Texas — Migrants who illegally crossed the border into the U.S. said immigrating legally is only an option for privileged people.
“We all don’t have the same capacity or the same opportunity,” a Honduran man who had just crossed into the U.S. illegally with a group into La Joya, Texas, told the Daily Caller News Foundation Saturday night. “Only privileged people can cross legally.”
Migrants may pay smugglers between $7,000 and $14,000 to enter the U.S. illegally, and the fee includes multiple tries if the person is deported from the U.S., Reuters reported. Becoming a U.S. citizen, however, takes years and can cost between $4,000 and $12,000 according to the Economic Times.
The Department of Health and Human Services delivered 311 pages of heavily redacted emails Dr. Anthony Fauci and the World Health Organization and other documents regarding COVID-19 to Judicial Watch and the Daily Caller News Foundation, according to a press release Tuesday.
The redacted documents included personal edits from Fauci on COVID-related funding measures, which were redacted under a trade secrets exemption, Judicial Watch said in the press release.
“The American people have every right to know key information on our government’s role in Covid,” DCNF President Neil Patel said in the statement Tuesday. “This sort of hiding, dodging and stonewalling is one reason why trust in national authorities is near all-time lows.”
Top figures on the Aspen Institute’s recently-formed Commission on Information Disorder have themselves previously spread inaccurate information and pushed misinformation, a Daily Caller News Foundation review has found.
The group consists of top media figures, former government officials, tech executives, and academics who have jointly set out to pinpoint the causes of misinformation and disinformation and to propose solutions to combat their spread.
Some of the most recognizable names on the commission include Prince Harry, who recently criticized the First Amendment, and frequently sues the media, Katie Couric, who has broadcast misleading content, as well as Kathryn Murdoch, who supports left-leaning causes.
President Joe Biden’s nominee to lead the Bureau of Land Management helped a wealthy land developer secure county approval to build a neighborhood subdivision in 2006. Two years later, while working as a staffer for Democratic Sen. Jon Tester of Montana, the nominee received a below-market rate personal loan from the same developer.
The nominee, Tracy Stone-Manning, reported in her financial disclosure that in 2020 she paid off a $50,000 to $100,000 personal loan she had received from the Montana land developer, Stuart Goldberg, in 2008 at a 6% interest rate, which was about half the going rate of a personal loan at the time, according to federal reserve data. The American Accountability Foundation, a conservative watchdog group, said the terms of the loan raised “serious questions” about whether it constituted an “impermissible gift” to Stone-Manning in violation of Senate ethics rules.
Amid questions about the loan during her confirmation hearing in June, Stone-Manning described Goldberg as a friend who stepped in to help her family during the 2008 financial crisis.
Patrisse Cullors, the co-founder of Black Lives Matter Global Network Foundation, will depart from her role as the organization’s executive director, the charity announced Thursday.
Cullors’ abrupt departure from the charity, which serves as the national arm of the BLM movement, came three weeks after the Daily Caller News Foundation reported that she had used her position as the charity’s leader to funnel business to an art company led by the father of her only child. Charity experts said BLM’s arrangement with the art company, Trap Heals, amounts to self-dealing and raises ethical and legal questions.
BLM Global Network did not provide an explanation in its statement Thursday for Cullors’ sudden departure. The statement said Cullors would be replaced by two senior executives who will lead the group until it “finds a new permanent team.”
Massive government spending has decreased the value of the American dollar and triggered increased consumer prices, which economic experts said will only get worse.
Americans will continue to see higher prices across the board, from food and gasoline to home appliances and cars, as the federal government continues to propose more stimulus into the economy without an adequate plan to pay for it, according to several experts. Even if the government doesn’t pass legislation increasing taxes, higher prices ultimately amount to an “inflation tax,” some of the experts said.
“Over the past few months, we have seen an inflation rate that is much higher than where we’ve become accustomed to,” Heritage Foundation research fellow Joel Griffith told the Daily Caller News Foundation. “When we are going to the grocery store, going to the gas station, building our new home, we’re noticing that prices are really accelerating at a much faster clip than what we’re used to.”
As the U.S. climbs out of a once-in-a-century pandemic, rising prices have led to increasing worry that rapid inflation could be just over the horizon.
Americans have already witnessed higher prices in the past few months, with everything from gasoline to lumber to basic home items jumping in cost. The increases, partially fueled by non-existent interest rates and record government spending, could lead to inflation that the U.S. has not seen in decades, experts say.
“In the short term, consumers can expect to see rising prices across the board,” Henry Olsen, a senior fellow at the Ethics and Public Policy Center and a columnist at The Washington Post, told the Daily Caller News Foundation. “I expect in the next few months people will be getting sticker shocked in virtually all aspects of their life.”
A Los Angeles-based jail reform group led by BLM co-founder Patrisse Cullors spent nearly $26,000 for “meetings” at a luxury Malibu beach resort in 2019, according to campaign finance records reviewed by the Daily Caller News Foundation.
Reform LA Jails dropped $10,179 for “meetings and appearances” at the Calamigos Guest Ranch and Beach Club in Malibu, California, and another $15,593 at the Malibu Conference Center, a corporate conference facility owned by the resort, according to the records, which covered the time period between July and September 2019. Guests at the 200-acre resort, where rooms start at $600 a night, have exclusive access to a private five-acre strip of the Malibu coast.
The records show that the payments were made on behalf of the jail reform group by a consulting firm owned by Asha Bandele, a longtime mentor of Cullors and co-author of her 2018 biography, “When They Call You a Terrorist: A Black Lives Matter Memoir.”