Political Quotes

“you know, it is no secret that I oppose President Biden's tax proposal. I think it is bad policy that would undercut growth and derail American prosperity. But one of the worst parts of the President's plan is the provision requiring financial institutions to report their customer's transactions of $600 or greater to the IRS. That means anytime an American pays a bill, makes a deposit, transfers funds, or makes a purchase of $600 or more, their bank, credit union, or financial institution would be forced to report that data to the IRS. Opposition to this proposal is deep and bipartisan. I don't care if you are a Republican, Democrat, or Independent. No one wants the IRS looking over their shoulder every time they make a financial transaction. The IRS doesn't efficiently use the data it collects now. Why in the world would we give them more information? If the IRS has reason to believe you are not paying all that you owe in taxes, they have the ability to audit you. They don't need any more private financial data on any of us. The bulk of the data collection they are proposing will do nothing to close the so-called tax gap. All it does is violate the liberty of every freedom-loving American who values their financial property. The proposal would dramatically increase IRS audits of working Americans.…”