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.
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