U.S. Senator Tim Scott (R-S.C.) spoke out against the Democrats' plans to give the IRS access to the bank information of virtually every American during a Senate Banking Committee hearing and a Senate GOP press conference. https://www.youtube.com/watch?v=rWwudbN8lLA On the IRS investigating every American’s accounts … "It would be impossible for me not to ask a … Continue reading VIDEO: Tim Scott rips Democrat scheme to turn IRS into KGB
Senator Tuberville asked for unanimous consent of all Members of the Senate to pass the Protecting Financial Privacy Act. Senator Rick Scott (R-FL) and Senator Mike Braun (R-IN) joined Senator Tuberville on the Senate floor to speak in support of the bill. Democrats, led by Senator Ron Wyden (D-OR), objected and refused to pass the legislation, highlighting Congressional Democrats’ support of the proposal for the IRS to invade the financial privacy of Americans.
"I have received more calls, more e-mails, more letters...on this one topic than on any one topic that I can recall in the time I have been in the United States Senate"
Democrats’ reckless taxing and spending spree isn’t even fully developed, and it already contains more than 40 different tax increases that would hurt families and help China.
The public needs to know that personal information provided to the IRS remains confidential, and not available for targeting or political agendas, especially in light of current efforts to expand private information collection on American taxpayers.
Expanding the federal government’s sticky fingers into tracking routine inflows and outflows of law-abiding taxpayer’s bank accounts is a massive intrusion into the financial affairs of Americans.
U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks on the Senate floor regarding Democrats’ reckless tax and spending spree: “The American people continue to hear about a steady stream of bad ideas that Washington Democrats are packing into their next reckless taxing and spending spree. There’s one clear thread that ties them … Continue reading Biden crushes Americans under tidal wave of tax hikes and IRS spying
Senator Cynthia Lummis lambasted a Biden administration proposal to require banks to disclose every financial transaction over $600 to the Internal Revenue Service (IRS).
“This plan would force banks to develop a costly new system to provide private financial data on almost every taxpayer to the IRS, not just those suspected of cheating on their taxes. It’s not clear the IRS could even process and protect all that information."
House Committee on Oversight and Reform Ranking Member James Comer (R-Ky.) sent a letter to the Internal Revenue Service (IRS) Commissioner Charles Rettig expressing concerns over the lack of information the agency has provided following the leak of legally protected tax information of American citizens and its subsequent publication by ProPublica.