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.
House GOP leader Kevin McCarthy (R-Calif.) is not ruling out impeaching Joe Biden over his failure in Afghanistan. In an interview Sunday, the representative said Congress has a constitutional responsibility to hold Biden and his officials accountable for the ongoing crisis.
House Minority Leader Kevin McCarthy on Sunday called for the Biden administration to be investigated over its handling of the Afghanistan withdrawal after the Taliban retook the country in a matter of days.
On Wednesday night's episode of "ReidOut," left-wing MSNBC host Joy Reid resurfaced the 2017 Charlottesville rally and the Jan. 6 Capitol riot to paint conservatives as terrorists and claim that the Republican Party is "harboring" a "white nationalist insurgency." Democratic Rep. Eric Swalwell of California also appeared on the progressive cable TV show, where he said members of the GOP are "starting to kill our kids" because of their opinions on the COVID-19 vaccine.