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'Joe, do you distrust Americans so much that you need to know when they buy a couch?' GOP Senator Cynthia Lummis hammers Biden's proposal for banks to report every transaction over $600 to the IRS
Lummis said people will 'find alternatives' to thwart the IRS' leering eye
'I am astounded by what you're supporting and proposing. I think it's invasive. I think privacy for individuals is being ignored' Lummis said
Yellen said requires banks to hand over the IRS data on aggregate inflows and outflows of an account for transactions over $600
She noted that the tax gap is expected to swell to $7 trillion over the next decade
The proposal, meant to help pay for the $3.5T budget reconciliation plan, is expected to generate $460 billion over the next decade
It would require banks to report gross inflows and outflows to the IRS, including transactions from Venmo, PayPal, crypto exchanges
It's because they are losers who 1. want what is ours 2. envy therefore hate us.
They relish the opportunity to fuck us up.
And replacing it with Authoritarian Soyboy/Feminism.
The BLM objection to mandated injections seems promising.
What else would get us to join together against the common enemy?