A group of Republican senators has introduced legislation to stop plans by Democrats to expand Internal Revenue Service access to American banking transactions they argue violate taxpayer rights and privacy.
“Unfortunately, [President Joe] Biden and his team have ignored, or sometimes celebrated, the violation of taxpayer privacy and want to create an intrusive IRS,” Oklahoma Republican Sen. James Lankford said in a statement released on Tuesday.
Biden’s proposal is to monitor and investigate any transaction $600 or more. That means buying a mattress, a nice computer, car repairs, and potentially even paying taxes could put you under the magnifying glass.
