Biden Admin is Planning to Force Banks to Tell the IRS What is in Your Accounts

Accounts with $600 or more. See the full details.

Published

8 months ago

September 18, 2021

The Biden administration is planning to launch a new policy to force banks to tell the IRS what is in every American’s bank accounts.

No longer will the IRS be relegated to what we report to them in our tax forms. If Biden get his way, the IRS will be able to look at all our personal bank accounts any time they want.

Per Breitbart News:

Treasury Secretary Janet Yellen and IRS Commissioner Charles Rettig sent letters to lawmakers this week asking Congress to include in tax hike legislation a requirement that banks report annual transaction data on accounts with $600 or more or that have $600 worth of transaction over the year, the Wall Street Journal reported.

The result would be the collection of detailed data about the bank transactions of tens of millions of everyday Americans.

The aim is to help the I.R.S. collect taxes from individuals and businesses on unreported income and to create more leads for audits.

The Biden administration claims the additional information would result in the IRS collecting an additional $460 billion over a decade. The administration wants to use this additional revenue to offset some of the new spending for expanded government social policies and green new deal schemes Congress is currently considering.

Banks are not much interested in this new policy. It would cost them tens of millions a year to set up monitoring and reporting processes for every person’s bank account.

The IRS can already access you bank accounts during an audit, but Americans now have the right to contest the access. But Biden’s new plan would erase that right.

Follow Warner Todd Huston on Facebook at: facebook.com/Warner.Todd.Huston.

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Secret Service Shamed After Drunk Agents Assault Cab Driver in South Korea

There is a history of poor behavior from the Secret Service during Democratic administrations.

Published

4 days ago

May 20, 2022

Andrew West

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You can tell a lot about a White House by the extracurricular nonsense that hits the press surrounding it.

For instance, after one of President Joe Biden’s dogs began biting random people on the grounds, we started hearing murmurs of just how terse and stressful the place had become, with dog behavior experts suggesting that the mood at 1600 Pennsylvania Avenue might have a lot to do with the aggression.

This week, the Biden administration beget more bad behavior, but this time it wasn’t from one of the First Pets.

Two U.S. Secret Service agents in South Korea were sent stateside ahead of President Biden’s arrival following their involvement in an off-duty alcohol-related incident.

The two agents, whose identities have not been made public, are on their way back to Washington, D.C. where they will face disciplinary action, a source familiar with the matter told Fox News.

Both agents apparently became intoxicated while not on duty. One of the agents then got into an altercation with a cab driver.

There could be more trouble coming, as well.

In South Korea, officials send mediators to the scene of low-level disputes and then determine if criminal charges would be filed.

One of the agents was interviewed by authorities and no charges have been filed.

The government released one of its usual, dry, boilerplate-esque missives.

“The Secret Service is aware of an off-duty incident involving two employees which may constitute potential policy violations,” USSS chief spokesman Anthony Guglielmi told Fox News. “We have very strict protocols and policies for all employees and we hold ourselves to the highest professional standards.”

There is a history of poor behavior from the Secret Service during Democratic administrations, with a notable incident having occurred in 2012, involving Barack Obama’s agents and a Colombian prostitute.

Facebook Twitter Gettr Gab

You can tell a lot about a White House by the extracurricular nonsense that hits the press surrounding it. For instance, after one of President Joe Biden’s dogs began biting random people on the grounds, we started hearing murmurs of just how terse and stressful the place had become, with dog behavior experts suggesting that the mood at 1600 Pennsylvania Avenue might have a lot to do with the aggression. This week, the Biden administration beget more bad behavior, but this time it wasn’t from one of the First Pets. Two U.S. Secret Service agents in South Korea were sent stateside ahead of President Biden’s arrival following their involvement in an off-duty alcohol-related incident. The two agents, whose identities have not been made public, are on their way back to Washington, D.C. where they will face disciplinary action, a source familiar with the matter told Fox News. Both agents apparently became intoxicated while not on duty. One of the agents then got into an altercation with a cab driver. There could be more trouble coming, as well. In South Korea, officials send mediators to the scene of low-level disputes and then determine if criminal charges would be filed. One of the agents was interviewed by authorities and no charges have been filed. The government released one of its usual, dry, boilerplate-esque missives. “The Secret Service is aware of an off-duty incident involving two employees which may constitute potential policy violations,” USSS chief spokesman Anthony Guglielmi told Fox News. “We have very strict protocols and policies for all employees and we hold ourselves to the highest professional standards.” There is a history of poor behavior from the Secret Service during Democratic administrations, with a notable incident having occurred in 2012, involving Barack Obama’s agents and a Colombian prostitute.