Biden's America: Biden & the Dems want the IRS to track your bank transactions

[Counselor706]

President Joe Biden and congressional Democrats are trying to force financial institutions to report their customers’ account balances to the Internal Revenue Service, thereby invading your privacy and putting more of your financial data at risk.

It’s part of a provision in the $3.5 trillion spending bill that should raise the ire of all Americans.

Under this requirement, the Internal Revenue Service—an already scandal-ridden and historically politicized government agency—could once again be weaponized against political opponents while leaving middle-class Americans vulnerable to having more of their financial information hacked or leaked.

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[Bud_Spencer]

And his Communist Comptroller of the Currency wants the federal govrnment to be the only bank in the country. All deposits would be made with Uncle Sap.

 

[pecksniff]

Wait, they don't do this already?!

 

[Bud_Spencer]

Wait, they don't do this already?!

The reporting threshold right now is $10,000 for transactions. They want to make it $600 balances.

 

[pecksniff]

I see no reason why tax returns should not be public records. Glass pockets! Let us have glass pockets!

 

[YDB95]

I'd be a lot more concerned about this if it weren't for decades of the rich paying ever less in taxes. Whatever happened to the Personal Responsibility that the right so loves to whine about?