Political Quotes

“Madam President, the IRS should not have the right to spy on American bank accounts, period. We all know the list of reasons why the Democrats' $3.5 trillion tax- and-spend spree is a disaster. It will bury the American people in a mountain of debt, crushing inflation, and require new taxes. The Committee for a Responsible Federal Budget, nonpartisan, warns that this spree could exceed $5 trillion in terms of the deficit. But aside from the economic disaster of this tax-and-spending spree, the White House and congressional Democrats want to force banks to report details of every American's bank account to the IRS. This is nothing less than mass, indiscriminate government surveillance of Americans, giving IRS bureaucrats unfettered access to Americans' personal private finances, which is a gross invasion of privacy and an abuse of power. Democrats said that this reporting requirement will only target the rich. But, according to the New York Times, the Biden administration's original plan was to have banks ``provide data for accounts with total annual deposits or withdrawals worth more than $600.'' That is $600 over the course of a year. I don't know if I can think of anyone other than maybe the 8-year-old child whose parents opens an account for them to have an account. No one else who has an account will have less than $600 in transactions over the course of a year.…”