Democrats’ IRS surveillance plan should scare everyone with a bank account: Rep. Vern Buchanan

In an attempt to pay off their so-called “social infrastructure” bill, President Biden and the Democrats in Congress unveiled a disturbing new plan that should rightly scare all Americans with a bank account.

According to the administration’s initial proposal, the IRS would be allowed to track the personal bank accounts of people with a balance of $ 600 or more, as well as anyone making transactions worth $ 600 in a single year.

SOME DEMS STILL PROMOTING TO INCLUDE AN IRS SUPERVISION PROVISION IN BIDEN’S EXPENDITURE PLAN

Amid widespread public backlash, Democrats recently proposed raising the reporting threshold, as if that would somehow make one of the biggest breaches of your privacy in our country’s history more palatable.

Steve Rosenthal, a senior researcher at the left-wing Tax Policy Center, called it a “deeply flawed proposition” and said that “even at $ 10,000, the Biden bank proposal is still too sweeping, casts a very wide net and it’s hard to see what fish they want to catch here. ”

Even some Democrats in Congress like Senator Joe Manchin of West Virginia have spoken out against the sweeping plan, saying “it can’t happen. It’s fucked up” and saying “no one should be in the bank account from anyone “.

I couldn’t agree more.

Democrats say their bank account monitoring program is necessary to strengthen tax law enforcement and increase income by specifically targeting high net worth people. Unfortunately, this is simply not correct. According to the Joint Committee on Taxation, the largest percentage of under-reporting is for people earning less than $ 50,000 per year.

WHAT IS BIDEN’S PLAN FOR THE IRS TO MONITOR ALMOST ALL US BANK ACCOUNTS?

Every day, Americans and small businesses across the country will inevitably be caught in the crosshairs if this ill-advised proposal becomes law. Anyone planning to send their child to university; take out a loan to reinvest in their business; sell goods at a farmers market; or even shopping for groceries for a family of four could unwittingly have their privacy compromised by the IRS.

The evidence for IRS abuse is overwhelming and points to a frightening pattern of intimidation and harassment against American citizens on the basis of their political beliefs.

Americans are right to be concerned about providing the IRS with new treasures of their private information given the agency’s well-established inability to protect confidential taxpayer data.

Sadly, this wouldn’t be the first time the IRS has been armed against the American public. Who could forget Lois Lerner?

Lerner is of course the former senior IRS official in disgrace under the Obama administration who oversaw the intentional targeting and harassment of conservative taxpayers. Her bubbling disdain for the Conservatives, whom she called “fools” and “shit holes”, was palpable.

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The evidence for IRS abuse is overwhelming and points to a frightening pattern of intimidation and harassment against American citizens on the basis of their political beliefs.

While the Democrats’ latest version of their multibillion-dollar tax and spending boondoggle lacks details on the IRS’s spy proposal, the current draft still includes nearly $ 80 billion that would allow l agency more than doubling in size and hiring 87,000 additional agents. However, Senate Democrats would still make a last-minute effort to have the espionage provision inserted. As recently as last week, a Treasury official said the administration “still hopes” Democrats “will cross the finish line.”

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This is why I called on President Nancy Pelosi, Treasury Secretary Janet Yellen and IRS Commissioner Charles Rettig to immediately drop this misguided proposal and why I am pledging to ensure that this frightening plan does not never becomes law.

I also helped introduce legislation that prevents the IRS from targeting Americans based on their political and ideological beliefs.

The need to uphold the Fourth Amendment and preserve our civil liberties is more important than ever. We must never allow our fundamental freedoms to be violated in the name of partisan politics. The American people should also know that they can criticize their government without fear of retaliation from the IRS’s heavy hand.

Republican Vern Buchanan represents Florida’s 16th District in the United States House of Representatives, where he is co-chair of the Florida bipartisan delegation. He is a prominent Republican on the Ways and Means Committee of the Tax Drafting House and a past chairman of the Oversight Subcommittee, which has jurisdiction over the IRS, as well as the Taxation Subcommittee.


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