Financial experts are pushing back against the Biden administration's proposal to include a provision in the $3.5 trillion spending bill to extend the IRS' reach to have bank transactions over $600 reported. The Democrats’ goal is to garner $463 billion in additional personal income tax over the next decade.
Three smartphone-wielding leftist activists followed Democratic Sen. Kyrsten Sinema into a public restroom on the campus of Arizona State University Sunday afternoon. They proceeded to yell at her for not supporting a laundry list of liberal policies, including amnesty for illegal immigrants and President Joe Biden’s complete $3.5 trillion spending agenda.
Francis Collins, director of the National Institutes of Health (NIH), announced his resignation on Tuesday, just weeks after documents exposed that he made “untruthful” comments about U.S. federal funding of gain-of-function research at the Wuhan Institute of Virology.
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.