“Republicans in recent days have ramped up their criticism of a proposal under discussion by Democrats to increase the amount of information financial institutions report to the IRS about bank accounts,” The Hill reports.
“Democrats are considering such a proposal as a way to help pay for their massive social spending package, though they have not finalized details. The plan under discussion would strengthen tax enforcement against the wealthy, Democrats argue.”
Said Sen. Mike Braun (R-IN): “Every year I visit every county in the state of Indiana, 92 of them. And you know, I can’t ever recall anyone saying that they want the IRS to poke into their business more on a day-to-day basis.”Save to Favorites