From a data security perspective, the IRS is the target of over a billion cyber attacks a year.

As Democrats try to figure out how to pay for their massive expansion of government programs through the reconciliation process, they have come up with a proposal that would force banks and credit unions to report all inflows and outflows…

This is yet another regulatory burden that would only further consolidation in the industry, which I don't think anybody on this witness stand or in this hearing wants to see more of.

the Democrats are claiming that this will generate over $200 billion in new tax revenue. Well, that is a bogus number.

From an administrative perspective, it would be extremely costly for financial institutions to implement, almost impossible.

From a privacy perspective, the IRS does not have a good track record of using Americans' tax data responsibly.

We need to cut taxes. We do not need to raise taxes for small business.

Unfortunately, it is not uncommon to hear that Biden's SBA has been difficult to work with.

Thanks to the grace of God, the hard work of our brothers and sisters in Congress, and the SBA, we were awarded a generous amount to cover our losses from 2020.

I can't thank you enough for joining us today. We look forward to hearing more about your small business experience.

It is community-driven business owners like yourself who are going to rebuild main street America and regrow our economy.