National Republican Congressional Committee Chairman Tom Emmer: Vulnerable Democrat Incumbents ‘Will Be Shown No Mercy’

The Chair of the National Republican Congressional Committee declared open season on Democrat U.S. House incumbents as the NRCC continues to expand its list of targeted races for Republican takeover.

The NRCC had previously announced seventy targeted races. It is now targeting seventy-two.

Read More

House Lawmakers Set to Square off with White House, Treasury Department over ‘Stifling’ Crypto Tax Plan

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.

Read More

Commentary: House Republican Leader Supports a Democrat-Backed ‘Popular Vote’ Scheme

In 2011, before serving for the House of Representatives’ 6th Congressional District, U.S. Rep. Tom Emmer (R-MN-06), current chairman of the National Republican Congressional Committee, was a national spokesperson for the National Popular Vote initiative, legislation that forms a state-to-state compact with other states agreeing to pledge their state’s electors in the Electoral College to the winner of the national popular vote once participating states reach 270 electoral votes.

This would effectively eliminate the current winner-take-all system in the Electoral College, which has been in place since the election of 1824, whereby whoever wins the popular vote in a state wins the state’s electoral votes.

Read More