This is completely unAmerican.
Even after receiving monumental blowback from Americans and major banks alike, President Biden and the Democrats are still doing everything in their power use the IRS to monitor the bank accounts of every American. Biden and the Democrats are doing this just so they can milk every penny possible out of Americans to fund their agenda which they know they already can’t afford.
However, what most Americans don’t know is that this plan was put into place long before anyone even knew about it. Democrats snuck the groundwork for this plan into the The American Rescue Plan Act which went into effect in March 2021.
That is when the plan for the IRS to monitor all bank account transactions with $600 or more of activity went into place however it is not yet in effect. This plan will monitor everything from your bank account to your transactions on platforms such as Venmo, Paypal, Cash App, Zelle, and more.
For example, if you pay someone to do yard work or tutor your kids and give them $600 or more via an app like Venmo, the IRS will know about it.
They then attempted to change the number from $600 to $10,000. However, they did this to soften the blow because that $10,000 amount is cumulative over the course of a year. Most American families earn well over $10,000 yearly.
Democrats have since played games with this plan due to major outcry from the public but they still refuse to kill the proposal completely. No amount of additional surveillance should be allowed on the American people period!
Democrats like House Speaker Pelosi and President Biden have claimed that they are only doing this to collect taxes from the top 1% of Americans however anyone with common sense knows that is a lie.