Treasury Secretary Janet Yellen pushes for the #IRS#spy rule forcing banks to report all transactions over $600 to the IRS. This is a tremendous invasion of privacy the likes of which our country has never seen. Millions of law-abiding Americans would suddenly have their bank accounts opened to federal investigators
Several states have also expressed concern over the proposal, including Nebraska, which slammed the information collection as a violation of Americans’ constitutional right to privacy and said the costs associated with banks, credit companies and other financial institutions complying with the requirement would be passed on to consumers.
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https://nypost.com/2021/10/05/janet-yellen-defends-bidens-irs-proposal/