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.
Our IIC (Imbecile-In-Chief) has been howling for months that his “plan” affects only the rich. But his teleprompter says the government only wants to know about bank accounts with more than a paltry $600. Being fair, he probably doesn’t know the difference.
So if you receive more than $600 from SS monthly, does that mean you will be monitored by “big brother”?
Fake Joe Bidin is and always was only about stealing our tax money and raping children.When Special Forces raided Joe’s Ukraine warehouse, They found body parts of young children scattered all around and it was so bad it made those tough young men cry
Yes, that is exactly what it means. Anyone that is not on total welfare receiving EBT cash and food cards and HUD or payments from charities for rent. None of that is counted as income against the other. That does not include people who live off the system and only maintain a very small balance in their account to be able to cash checks at their banks – in other words – people not paying taxes. It is to track where the accounts are that have money in them so it can be confiscated or taxed without any difficulty – or in case the government needs to confiscate it to pay their debt like in Greece. This $600 rule will apply to most people who have anything in income over $600 – that is all taxpayers and those with savings and all other accounts over that limit. That probably means you, no matter what race, ethnic group or income range you are in. Big brother will take what they need it you let them. Money is power.
Well emperor Tim Walz from Minnesota is probably getting the paperwork signed already to give the IRS. Because Walz thinks we citizens work for him and our money is for him and there’s to have