Two Republican members of the House of Representatives Ways and Means Committee questioned whether the IRS intends to use its $80 billion in additional funding from the Inflation Reduction Act (PL 117-169) to surveil American bank accounts.
In an October 27 letter to Treasury Secretary Janet Yellen, Republican Representatives Kevin Brady of Texas and Drew Ferguson of Georgia inquired if the Treasury Department will renew any version of its prior “Comprehensive Financial Account Reporting” proposal.
“We write to seek information on the U.S. Department of the Treasury’s intentions regarding the relationship between $80 billion in new mandatory funding for the Internal Revenue Service (IRS) and the Department’s prior policy proposal to surveil American private bank transactions,” stated the lawmakers.
Republican Tax Writers Fear Funded IRS May Surveil Bank Accounts
- by: Jeff Carlson
- 11-01-2022
- Source:
Thomson Reuters
- 11/01/2022
black and white electric device on gray concrete wall by Lucas Santos is licensed under Unsplash unsplash.com
black and white electric device on gray concrete wall by Lucas Santos is licensed under Unsplash unsplash.com
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