Biden Admin Still Wants IRS to Spy On Your Bank Account

The Biden administration continues to push for the IRS to be given new powers to automatically snoop and store the bank account information of virtually every American.

Today during a Senate Banking Committee Hearing, Treasury Secretary Janet Yellen reaffirmed her support for the proposed IRS reporting requirement, would give the IRS new power to automatically access bank account, Venmo, PayPal, and CashApp account inflows and outflows for all business and personal accounts.

This proposal is a clear priority for the Biden administration. Several weeks ago, Natasha Sarin, Deputy Assistant Secretary for Economic Policy at the U.S. Treasury Department, said that the Biden administration and congressional Democrats were still trying to insert IRS bank account snooping into the reconciliation bill.

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