The public has objected. The Republicans have objected. 21 Democrat Congressman have objected. Several Democrat Senators have objected. Yet, Janel Yellen, The Secretary of the Department of Treasury is still pushing to have the Bank Reporting provision included in the Build Back Better Plan.
The Bank Reporting requirement would allow the IRS access to individual’s bank account “inflows and Outflows.” In addition to the $80 billion and 87,000 more tax collectors, the IRS hopes to generate $400 billion of additional tax revenue.
Attorney Steven A. Leahy campaigns against this provision AND The Build Back Better Plan.