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from TPPF,

What To Know: President Biden’s plan to “tax the rich” and empower big government socialism includes IRS monitoring every bank transaction of $600 or more.

The TPPF Take: TPPF joined with other conservative organizations in a letter to Congress, asking that this plan be blocked.

“While Democrats claim they want to go after ‘the rich’ and large corporations, this new reporting regime suggests they will target and harass middle class families and small and medium sized businesses,” says TPPF’s Vance Ginn. “Moreover, the reporting requirements impose a burden on banks, the cost of which will be passed on to their customers.”

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