Madam Speaker, I rise to highlight one specific danger of the Democrats' $3.5 trillion reconciliation package. My colleagues have highlighted many concerns and many issues that this tax-and-spend monstrosity will advance, partisan priorities like taxpayer-funded abortions, the Green New Deal, a $2.1 trillion tax increase on businesses and hardworking American families. The provision that I am speaking of specifically threatens our individual freedoms and personal privacy. This provision is an expansive IRS mandate that would give the government unprecedented access into our wallets and spending patterns. This provision would force our neighborhood banks and local credit unions to hand over constituents' private financial information directly to the IRS. This decree levies an outrageous compliance cost on the credit unions and banks that serve my community, meaning higher fees and lower saving yields for First District families. More importantly, this intrusion into our transactions poses extraordinary privacy concerns and subjects Utahns' financial information to hacking, political targeting, and government surveillance. This abusive provision will collect massive amounts of personal financial data on middle-class families. Imagine the ways that any administration, Democrat or Republican, could be tempted to use that information and to intrude on our private businesses and lifestyle choices. Even still, this will not close the tax gap.…
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