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Washington 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 be improperly spying on everyday Americans' bank accounts.Over the past several days Sen. Tom Cotton, Fox News host Sean Hannity, Sen. Chuck Grassley, Rep.
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Biden administration wants IRS to monitor people’s bank accounts more closely — will it catch tax cheats, or invade privacy?A “dragnet for regular taxpayers” or a “target on the rich”? In the ongoing debate over tax hikes for the rich, the Biden administration wants banks to report aggregated 'inflows' and 'outflows' above $600 on individual and business accounts.
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Biden administration wants IRS to monitor people’s bank accounts more closely — will it catch tax cheats, or invade privacy?A “dragnet for regular taxpayers” or a “target on the rich”? In the ongoing debate over tax hikes for the rich, the Biden administration wants banks to report aggregated 'inflows' and 'outflows' above $600 on individual and business accounts.
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New Unemployment Claims Finally Fall, But 4.2 Million Americans Are Still Receiving BenefitsNew jobless claims totaled 326,000 last week—breaking a three-week streak of unexpected increases.
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New Unemployment Claims Finally Fall, But 4.2 Million Americans Are Still Receiving BenefitsNew jobless claims totaled 326,000 last week—breaking a three-week streak of unexpected increases.
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In search of resilienceIf governments successfully foster critical industries, their alliances will go from nice to necessary. Especially when tensions rise
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