Treasury Sec. Defends IRS Plan to Monitor $600+ Bank Transactions: ‘Absolutely Not’ Spying

President Joe Biden's Treasury Secretary Janet Yellen defended the IRS' plan to monitor bank transactions over $600 as being necessary for fraud and "absolutely not" spying.

Of course one of Biden's goonies would go along with such an overreach of privacy because it benefits them....not us.

During an interview with CBS, host Norah O’Donnell asked, “You want banks to report transactions of 600 dollars or more? That is what the IRS wants. Does this mean that the government is trying to peek into our pocketbooks? If you want to look at $600 transactions?”

Yellen replied, “Absolutely not. I think this proposal has been seriously mischaracterized. The proposal involves no reporting of individual transactions of any individual. The big picture is, look, we have a tax gap that over the next decade is estimated at $7 trillion. Namely, a shortfall in the amount the IRS is collecting due to a failure of individuals to report the income that they have earned.”

O’Donnell inquired, “But that is among billionaires, is that among people who are transfers 600 dollars?”

Yellen responded, “No, it tends to be among high-income individuals whose income is opaque, and the IRS doesn’t receive information about it. If you earn a paycheck, you get a W-2 the IRS knows about it. High-income individuals with opaque sources of income that are not reported to the IRS, there is a lot of tax fraud and cheating that is going on. All that is involved in this proposal is a few arrogate numbers about bank accounts, the amount that was received in the course of a year, the amount that went out in the course of a year.”

 

Trending Political News

Click Here to Get Your FREE "Don't Blame Me" Mug

don't blame me mug

Twitter Erupts With Conspiracy Theories After Mysterious Tab Appears by Joe Biden's Ear in Photo

A Getty Images photo of Joe Biden has surfaced that shows something that looks like a rectangular tab next to his ear. This photo has set Twitter ablaze.

If you look very closely it looks like it's his flesh color and there is hair going over it. I mentioned earlier that this photo is on Getty Images. It is actually for sale on their official site. The fact it is a Getty Image verifies that it is a non-PhotoShopped image.

Continue reading…

MSNBC's Scarborough: Vaccine Skeptics ‘Too Stupid’ - Need to ‘Wake Up’

According to MSNBC host Joe Scarborough, people like me are "too stupid" to listen to doctors and science, and need to "wake up" when it comes to the COVID-19 vaccine.

Scarborough said that people who are skeptical to get the vaccine need to "be selfish" because their job "depends" on the vaccine.

“You know, it’s not just about health,” he said. “We’ve said it a million times...

Continue reading…

LA Times Columnist Jean Guerrero Accuses Larry Elder of Being a ‘White Supremacist’

Welcome to the year 2021, where African-Americans are being accused of white supremacy for simply opposing the Democratic way of life and running for office as a Republican.

On Sunday, Los Angeles Times columnist Jean Guerrero appeared on CNN and declared that California Republican gubernatorial candidate Larry Elder has a “white supremacist world view,” which makes him a “real threat to communities of color.”

Continue reading…

VIDEO: Man Shoves Past Woman, Turns Back and Sparta Kicks Her Down Escalator

Holy cow! Chivalry in Brooklyn appears to be dead after surveillance cameras caught the moment a man Sparta kicked a woman in the chest, knocking her down the escalator they are both on.

The altercation started when the man shoved past her and she confronted him, tell him to "say excuse me." He turned and responded, "I did," and then proceeded to kick her in the chest….

Continue reading…

Commerce Sec Raimondo Claims ‘Nobody is Being Forced’ to Get Vaccinated

On Monday, Commerce Secretary Gina Raimondo told MSNBC's Stephanie Ruhle that no one is being "forced" to take the coronavirus vaccine under President Joe Biden's unconstitutional mandates.

“I see this as a huge step forward to getting people back to work and finally recovering, having the economy recover," Raimondo said. “Getting vaccinated is cheap...

Continue reading…

Shocking Video Shows Monkey Sharpen Rock to Bust Glass Enclosure

Anyone remember the book "Animal Farm" by George Orwell? I can't help but get that feeling when watching the shocking video below where a monkey was caught on camera using a rock to bust out of his habitat.

Zoo visitors witnessed the monkey sharpen a rock and then use it to repeatedly hit the glass enclosure. After a few hits...

Continue reading…

MIC DROP! Rep Brian Mast: 'Ignore Biden’s Illegal Mandates Like He Ignores Immigration Laws'

On Thursday, President Joe Biden delivered a speech to Americans, in which he attacked anyone against vaccine mandates and completely dogged out anyone not vaccinated against COVID-19. He then laid out his tyrannical plan to force the experimental jab on every person in our country.

Biden revealed that he ordered the Department of Labor to force every business with 100 or more employees to require those employees to have the vaccine or submit to weekly testing, in addition to all healthcare workers, federal workers, and workers contracted with the federal government.

Continue reading...

Sen. Manchin Blasts AOC for Attacks That ‘Continue to Divide, Divide, Divide’

On Sunday, Democrat Senator Joe Manchin scolded fellow Democrat Rep. Alexandria Ocasio-Cortez for using "awful" words that "divide."

CNN host Dana Bash said, "I’m sure you have heard your fellow Democrat Congresswoman Alexandria Ocasio-Cortez said this about you in a tweet: “Manchin has weekly huddles with Exxon and is one of many senators who gives lobbyists their pen to write so-called bipartisan fossil fuels bills. It’s killing people….

Continue reading…

Levin on Fascist Joe: ‘the Closest Thing We’ve Got to a Dictator Yet’

Fox News Channel host Mark Levin blasted President Joe Biden on Sunday over his tyrannical speech about vaccine mandates and protocols.

Levin declared that Biden's attempt to force Americans to get the COVID-19 vaccine makes him “the closest thing we’ve had to a dictator yet.”

Leave a Reply

Your email address will not be published.

Our Privacy Policy has been updated to support the latest regulations.Click to learn more.×