The facts around an IRS proposal some claim would allow 'spying' on Americans' bank accounts

Posted on AllSides October 14th, 2021
From The Left
ANALYSIS

Recently, the Internal Revenue Service has gotten a lot of attention on social media -- specifically, an obscure proposal by the Biden administration to widen the authority to root out tax evasion by allowing the IRS to get annual, aggregated reports of flows from bank accounts with a minimum of $600.

But it's not Biden officials or Democrats who are pushing the topic most aggressively on Twitter and other platforms. It's Republicans and right-wing media outlets attacking the proposal as a violation of privacy and arguing that the IRS would...

Read full story
https://www.cnn.com/2021/10/08/politics/irs-spying-600-republicans-fact-check/index.html

More News about Banking and Finance from the Left, Center and Right

From the Left

From the Center

From the Right