Ghosts in the Machine: What the 1990s ‘Bit Tax’ Warns Us About Modern Proposals to Tax Artificial Intelligence

As the United States races to dominate the global artificial intelligence (AI) landscape, an old ghost has risen from the digital crypt. Driven by staggering investments in data centers, massive computing power, and neural network architectures, policymakers are increasingly looking for ways to capture revenue from the AI boom. Some proposals target the broad wealth…

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Echoes of the 1990s: Why the Failed "Bit Tax" Serves as a Cautionary Tale for Modern AI Proposals

As United States investment in artificial intelligence (AI) accelerates at an unprecedented pace, policymakers, economists, and public figures are grappling with how to regulate and extract revenue from this burgeoning sector. Alongside broad proposals aimed at high-net-worth individuals and large corporations, lawmakers have floated narrowly targeted levies designed to tax specific AI inputs. These include…

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Navigating the Crypto Tax Labyrinth: House Proposals Seek to Modernize Digital Asset Rules Amid Broad Policy Debate

WASHINGTON — Investment in digital assets has officially graduated from a niche, tech-enthusiast subculture into a mainstay of modern American finance. Recent data indicates that approximately one in five U.S. adults now report holding, investing in, or utilizing cryptocurrency. This mainstream adoption follows a meteoric market expansion that saw the total market capitalization of cryptocurrencies…

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Ghosts of the 1990s: What the Failed ‘Bit Tax’ Teaches Us About Modern Proposals to Tax Artificial Intelligence

As billions of dollars in capital pour into artificial intelligence (AI) infrastructure across the United States, lawmakers in Washington and state capitals are increasingly looking for ways to capture revenue from the boom. While some tax proposals focus broadly on high earners and corporate giants, others target the narrow machinery of the AI revolution itself—such…

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Trump Rejects AI Slowdown Proposals, Slams Anthropic CEO Amid Growing Industry Friction

WASHINGTON — President Donald Trump forcefully entered the escalating debate over artificial intelligence governance this week, declaring that his administration provides all the necessary "guardrails" for the booming sector. In a series of sharp social media posts, Trump attacked Anthropic CEO Dario Amodei, alleged a coordinated conspiracy against AI infrastructure, and warned that regulatory overreach…

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Navigating the Crypto Tax Labyrinth: House Proposals and the Push to Modernize Digital Asset Taxation in 2026

Main Facts: The Evolution of Crypto Taxation As cryptocurrency firmly establishes itself in the mainstream financial ecosystem—with recent estimates indicating that roughly one in five U.S. adults now utilize or invest in digital assets—the intersection of blockchain technology and federal tax policy has reached a critical juncture. The explosive growth of the digital asset market,…

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