Someone was telling me that banks and/or Biden is trying to get into peoples bank accounts. Anyone hear anything about that?
Oh blow me asshole. I've been here for years and done my share of digging, AND…for your edification, I found this. I just thought I would ask around first to see if anyone else had heard anything, before I poked around myself.
Congress Shouldn’t Let the IRS Snoop on America's Bank Accounts
September 21, 2021
In order to cover the cost of their behemoth $3.5 trillion spending package, House Democrats have had to employ some pretty creative ideas. Of course, it's entirely appropriate to substitute the word “creative” with “downright dangerous.” From price controls on life-saving pharmaceuticals, new nicotine taxes that will disproportionately impact lower-income Americans, and much more, there is no shortage of bad tax policy. While the overall package continues to evolve, taxpayers should be immediately concerned about a particularly harmful provision that is on the cusp of being added.
According to reports, Congressional Democrats are considering requiring financial institutions to report private taxpayer information to the IRS, a move that would further weaponize one of the most powerful agencies in Washington. This idea has gained traction among progressive groups in town as a way to crack down on tax evasion and close the tax gap, which is the difference between federal taxes owed and paid by individuals, families, and businesses. Some have estimated this gap to be as high as $1 trillion, but analyses from the National Taxpayers Union Foundation and others have poured cold water on that staggering figure. Addressing the tax gap is justified - no one should knowingly evade taxes that they owe - but the solution offered by the majority may be overly prescriptive.
https://www.ntu.org/publications/detail/congress-shouldnt-let-the-irs-should-snoop-on-americas-bank-accounts