Economics

Tax on electricity for crypto mining. Economically this is one of the best taxes in the history of taxes. BTC is secured by spending money on hashpower. It works equally well whether it goes to the government or the electricity company.

Tax on electricity for crypto mining. Economically this is one of the best taxes in the history of taxes. BTC is secured by spending money on hashpower. It works equally well whether it goes to the government or the electricity company.

https://taxfoundation.org/research/all/federal/biden-budget-2025-tax-proposals/

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There are 195 countries. A 30% tax is crushing. Miners will most certainly go find a few other countries materially below 30%, if not 0. 

It weakens Bitcoin (very slightly), has no impact on net emissions, funds zero public services, and makes America more uncompetitive in crypto.

No, serious. Not clear all of it would leave the US, it's not like any other country wants crypto mining either so the places that haven't banned it will likely also tax it.

It also helps small miners compete (because they can evade the tax)

Makes Bitcoin better, reduces emissions, funds public services. Win-win-win

Was this /s? 

It would drive all Bitcoin mining out of the U.S.