Harris,
Some Senate Democrats, including Minority Leader Chuck Schumer, recently joined Republicans in passing a bill that's a massive giveaway to the cryptocurrency industry.
This bill would hugely deregulate crypto – repealing a rule that required Crypto firms to report customer transactions to the IRS and was estimated to bring nearly $4 billion in revenue to the government from Crypto corporations. One tax expert even noted: "It would encourage more of the [Crypto] industry to move into the shadows, making it more difficult to counter crimes ranging from tax evasion to fentanyl trafficking to terrorist financing.".
Simply put, when enacted, it will open the floodgates for even more widespread fraud and even less oversight to boost corporate profits and make crypto billionaires even richer.
After crypto Super PACs spent $131 million in Congressional elections last year, they were able to buy the votes of 70 senators, including 19 Democrats, in favor of this pro-tax evasion bill. Democrats cannot be the party of working people while the establishment continues to prioritize the billionaire class.
The Crypto industry is an existential threat to our economy and democracy.
We must primary these out-of-touch Democrats with candidates who will put the needs of struggling Americans first. Our leaders must prioritize things like Medicare for All, housing as a human right, and raising taxes on billionaires & corporations instead of stripping away regulations that prevent the rich from ripping us off.
Justice Democrats is gearing up to support those candidates who will take on status quo Democrats in 2026 and the Crypto industry backing them, but we need your help to build winning campaigns.
In solidarity,
Justice Democrats
Not authorized by any candidate or candidate's committee.
JusticeDemocrats.com
1390 Columbia Ave #261
Lancaster PA 17603
Email us: us@justicedemocrats.com
This email was sent to violin9.bostonblog@blogger.com.
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