Financial Privacy Threatened by Biden’s IRS Proposal

Objectivity 3.7 | Credibility 4.1 | Relevance 4.8

Biden’s proposal to close the ‘tax gap’ could end financial privacy. The action includes a mandate requiring banks to provide financial information of every account with $600 or more to the IRS. The IRS cannot process the many reports this would create. However, Biden plans to spend billions to upload the IRS system to complete his overreach into financial information.