IT APPEARS AS THOUGH BIDEN WANTS TO KNOW WHEN YOU BOUGHT A COW

'Joe, do you distrust Americans so much that you need to know when they buy a couch?' GOP Senator Cynthia Lummis hammers Biden's proposal for banks to report every transaction over $600 to the IRS

 

Daily Mail 

September 29, 2021

 

 

'Banks do not work for the IRS,' Sen. Cynthia Lummis said. 'This is invasive of privacy'

 

Wyoming Republican Sen. Cynthia Lummis tore into Treasury Sec. Janet Yellen on Tuesday for her support of a Biden proposal to require banks to hand over transaction data over $600 on individual bank accounts. 

'Banks do not work for the IRS,' Lummis said. 'This is invasive of privacy. Wyoming's people literally will find alternatives to traditional banks just to thwart IRS access to their personal information, not because they're trying to hide anything, but because they are not willing to share everything.' 

The senator asked Yellen if she was 'aware how unnecessary this regulatory burden is?' 'Do you distrust the American people so much that you need to know when they bought a couch?' Lummis asked. 'Or a cow?'