On the recordJune 15, 2021
The Biden administration has proposed having banks report to the IRS, both inflows and outflows, of business and personal accounts, which would be a significant new intrusion into taxpayers' lives.
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congress.govThe Biden administration has proposed having banks report to the IRS, both inflows and outflows, of business and personal accounts, which would be a significant new intrusion into taxpayers' lives.
Thune criticizes the Biden administration's proposal for increased IRS reporting requirements.
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Madam President, I ask unanimous consent when the Senate adjourns on Thursday, Sept. 10, it stand adjourned until 3 p.m. on Monday, Sept. 14.
Unfortunately, I think after two government shutdowns that have extended for a long period of time, it’s better for everybody if there’s predictability, certainty, and just to take that issue off the table.
I mean, I think that Ron's gonna work on it over the break, and his team, and we'll see what they come up with.