Displaying items by tag: American Families Plan

Thursday, 23 September 2021 11:52

OPINION: Biden's wrecking ball for financial privacy

The Biden administration is seeking to compel banks to report to the IRS any bank account with more than $600 in transactions per year. This proposal is a linchpin of Biden’s American Families Plan, and will supposedly help generate almost $500 billion in federal revenue over the next decade. But previous catch-all financial reporting requirements have helped spur national disasters, complete with pervasive federal looting.

Published in Opinion