Pelosi Endorses IRS Snooping Bill
What a mess.
It appears now that House Speaker Nancy Pelosi has doubled down on President Biden’s plan to allow the IRS to monitor transactions of $600 or greater by keeping it in Democrats’ reconciliation bill.
This plan to allow the IRS to monitor bank accounts has received backlash from Conservatives, Liberals, and even major banks however the Democrats refuse to take their foot off the gas.
According to Fox Business, Pelosi explained why she supports the plan by saying, “With all due respect, the plural of anecdote is not data,. Yes, there are concerns that some people have. But if people are breaking the law and not paying their taxes, one way to track them is through the banking measure.”
Pelosi further explained, “I think $600 – that’s a negotiation that will go on as to what the amount is. But yes.”
Pelosi confirms Democrats plan to use IRS to track bank accounts with as little as $600 in deposits and withdrawals pic.twitter.com/7rU45LGRMB
— Mike Berg (@MikeKBerg) October 12, 2021
Banks have repeatedly expressed their distaste of this new plan with the Biden Administration and have told them on multiple occasions that they believe the excessive government oversight into peoples bank accounts will be a bad idea.
I don’t care how American citizens spend $600. Neither should the IRS. What we should be concerned about is how you come into Congress earning $174,000 a year and 25 years later have a net worth of $100 million. Insider trading. Bribes. Kickbacks. That’s what we should monitor.
— Eric Matheny 🎙 (@EricMMatheny) October 5, 2021
Joe Biden promised not to raise taxes on anyone earning less than $400,000.
But he wants to give the IRS access to your personal bank account if you have just $600.
Once again, Biden is not telling the truth.
— Tom Cotton (@TomCottonAR) October 6, 2021
