US President Joe Biden says he will refuse to cut any federal debt-ceiling deal with Republicans that shields tax cheats and crypto traders.
During a news conference in Japan, Biden says that Republicans need to move away from their “extreme positions” in order to reach an agreement to avoid a debt default.
“I’m not going to agree to a deal that protects wealthy tax cheats and crypto traders while putting food assistance at risk for nearly one million Americans. It’s time for Republicans to accept that there is no bipartisan deal to be made solely, solely on their partisan terms.”
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In his mention of crypto traders, Biden seemingly refers to a proposal to disallow crypto traders from claiming a loss on assets if they sell
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