Today I come to the House floor with bad news for American workers and small businesses. Democrats are pushing a misguided provision within their massive tax-and-spend boondoggle that will allow the Internal Revenue Service to spy on practically every financial account in the United States. Included in their $5.5 trillion socialist, tax-and-spend package is a proposal to create an IRS surveillance program that would require all financial institutions to monitor, track, and report accounts that have more than $10,000 worth of inflow or outflow in a given year without limit. This is nothing short of widespread, indiscriminate government spying that lays bare a direct threat to our American way of life. The Democrats' plan to give the IRS unfettered access to the personal and private finances of American citizens is a gross abuse of power and should be deeply concerning to anyone who values privacy and economic inclusion. Given the IRS' past reputation, there is little reason to believe in the agency's capacity to protect this unprecedented access to our personal financial information from cyberattacks and other security breaches. As the concept of a surveillance state becomes more of a reality, we must oppose Democrats' far-left, socialist policies. ____________________
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