Janet Yellen Denies Irs Monitoring 600 Transactions Is Spying On Americans
The Biden administration’s proposal would see banks turn over aggregate inflow and outflow numbers annually to the IRS for bank accounts with at least $600 or at least $600 worth of transactions, according to the Wall Street Journal. The IRS has said that the plan would raise over $460 billion in tax revenue over the next decade, but some Republicans have called it an invasion of privacy. In September, Sen....