An unusually brazen violation of the Johnson Amendment starring the second-highest official in the land. If Harris had limited her comments below to encouraging viewers to vote without specifying whom they should vote for, the churches airing the video would be within the law.
We’ve previously reported on the incredibly intrusive reporting requirement in the Build Back Better bill — requiring banks to report about any accounts that have transactions...
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.
A letter signed by more than 40 trade associations calls on Congress to reject the proposal, saying it violates customer privacy and would create an incredibly expensive and elaborate reporting requirement for banks.
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.
