More Republican-led states are refusing to comply with President Biden’s plan to have the IRS monitor Americans’ personal bank accounts. Recently, the IRS revealed plans to monitor any bank accounts with $600 or more dollars in it.
The Daily Wire reports:
On Wednesday, after West Virginia and Nebraska had already indicated they would not comply, Missouri state treasurer Scott Fitzpatrick asserted, “I will stand up to this government overreach and protect the privacy of those account holders. Turning over their transaction data to the federal government is illegal under Missouri law and a gross violation of Missourians’ expectation of privacy when it comes to their personal financial records. I will not turn this information over to the IRS voluntarily and will fight in court to block any attempt by the federal government to compel my office to comply with this mandate.”
Arkansas state treasurer Dennis Milligan echoed to The Daily Mail, “It would be absolutely absurd for me to turn over their private account data regarding money they’re saving for their loved ones’ future to the IRS, and I do not intend to do so. I would do all I could in my role to not comply with this proposal.’
West Virginia state treasurer Riley Moore said of the IRS plan, ‘The impact this is going to have on community banks, this is like Dodd Frank on steroids. In terms of compliance, a community bank, to be able to be in compliance, to set that type of regime up is just going to put them out of business. So who wins? The big banks win. The same banks that were bankrolling Biden’s campaign in 2020.” He added, ‘The $600 requirement is absolutely unconstitutional. It’s a massive invasion of privacy; it’s huge government overreach. I don’t think any state should comply with this.”
Last week Nebraska Treasurer John Murante told Fox News, “My message is really simple. The people of Nebraska entrusted me to protect the privacy of these accounts and I am not going to comply with this. If the Biden administration sues me, we will take it all the way to the Supreme Court. We are going to fight every step of the way.”
Will more states follow suit and back Biden’s latest progressive push? Tell us what you think in the comments below.
