Republicans, Banking Institutions Slam Biden’s Proposal for IRS to Spy on Americans’ Financial Accounts


This is why Republicans are calling out the president and his administration on this. GOP lawmakers and other leaders across the country maintain the measure is an assault on the middle class. Conservatives furthermore note the privacy infringements of such a proposal.

Ultimately, the goal here is for the Biden administration to get their hands on money to fund the spending bills they’re falsely claiming won’t run up the national debt. However, even banking institutions aren’t supportive of the president’s proposal.

Several banking institutions have written to lawmakers, advising against this measure. Likewise, banks are warning this new proposal would create serious headaches on their end, if it became law.

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Multiple attacks from big government

The Biden administration is doing all it can to insert big, intrusive government into the lives of the American people. Republicans aren’t having it, though.

In fact, Jimmy Patronis, the chief financial officer of Florida, maintains if this measure becomes law, the Sunshine State won’t abide by it and will fight it in court until it’s defeated.