GOP Senators Introduce Bill to Block Biden’s ‘Weaponization’ of IRS Bank Account Surveillance

[brwn]

GOP Senators Introduce Bill to Block Biden’s ‘Weaponization’ of IRS Bank Account Surveillance


https://m.theepochtimes.com/gop-senator ... 12868.html





President Joe Biden’s proposal for a radical expansion of IRS monitoring of Americans’ bank accounts would be stopped in its tracks under a proposal introduced by two Senate Republicans concerned about protecting privacy rights.

“What they’ve done is, they are weaponizing the IRS, they’re pushing many, many billions of dollars into that and they will be hiring tens of thousands of new agents,” Sen. John Boozman (R-Ark.) told The Epoch Times late Thursday.

“So this is all about looking at everybody’s transactions and then hoping that perhaps they find something that’s not getting reported, so they can come after you and get that income,” Boozman said. Yep

The Biden proposal would drop the dollar threshold for transactions at which federal tax agents would be allowed to examine an individual’s private bank account from the present $10k to only $600.

Biden also wants to double the IRS workforce by adding 87k new government agents under the President’s “The American Families Plan Tax Compliance Agenda.”

Biden and Democratic allies in Congress claim the actions are needed to close the “tax gap,” the difference between what current federal law requires to be collected by the government and how much actually goes into the Treasury.


Boozman said Biden’s new federal spending is the major reason behind Biden’s push to double the size of the IRS and give it virtually unlimited power to monitor how much income Americans earn and where they spend it, said Boozman.



They want this new authority to look at transactions of $600 or more rather than $10k or more because they have a $3.5 trillion, or some say up to a $5 trillion bill, depending on how you score it, so they desperately need pay-fors. This shows how desperate they are,” Boozman explained.

Boozman said the $10k threshold was approved decades ago to enable the IRS to assist federal law enforcement efforts against drug cartels, terrorist groups, and organized crime rings.

“Today, $600 is such a small amount of money. To put this in perspective, this law was passed several decades ago and when they did this, $10k if you tied inflation to it, it would be $50k today,” Boozman said.

[La_Chalupacabra]

Shouldn't need new laws when this is very likely a violation of the Fourth Amendment.