The Biden Administration wants the IRS to know A LOT more about your personal finances

According to this from Forbes Magazine, the Biden Administration wants to snoop directly into your bank accounts. The provision described below is contained in the so-called .

Not only would this initiative basically eliminate any semblance of financial privacy, it would also require a massive and costly enforcement mechanism on the part of the financial services industry.

We had missed this component in what had otherwise simply been another massive $1.8 trillion spending boondoggle. Allowing the IRS to snoop in Americans’ bank accounts (more than they already do) is definitely another concern with this misguided legislation.