Treasury Secretary Janet Yellen Confirms IRS Monitorizing Bank Account Deposits of $600+ Will Be in Democrats Reconciliation Bill

Treasury Secretary Janet Yellen continues her pitch for the Biden administration’s proposal that would require banks to report inflows and outflows of accounts with more than $600 of activity over the course of a year to the IRS, insisting it is aimed at wealthy people while saying “there’s a lot of tax fraud and cheating that’s going on.” The White House estimates that the plan would raise more than $460 billion over the next decade for the federal government through ramped-up enforcement, and the administration is trying to sell the plan as a way to make money from rich folks –  although all Americans would be subject to the rule.

Can you imagine what the outrage in the media would be like if the Trump administration had tried something like this?

RELATED: Poll: More say they would be made worse off by the Dems’ reconciliation package than better off

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