Thursday, November 11, 2021

Biden Bill Stalled Again?; McConnell Nudges Manchin, Sinema; Nunes: Hillary's Hoax

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Breaking News from Newsmax.com


Manchin May Delay 'Build Back Better' Until '22 Amid Inflation Spike: Sources

Special: Biden Seeks New Banks/IRS Legislation to Monitor Bank Accounts

McConnell Pressures Manchin, Sinema to Strike Down Biden Spending Bill

Rep. Devin Nunes: Russia 'Hoax' a Narrative 'Paid for' by Clinton Campaign


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In order to 'Build Back Better,' Joe Biden plans to increase bank monitoring measures.

This comes from a recent letter to lawmakers, the administration asked Congress to authorize new bank surveillance measures.

If you have an active bank account, Biden wants the IRS to track your deposits and withdrawals, debits and credits, your inflows and outflows — for transactions over specific amounts.

Biden and the Democrats claim the 'amped up' IRS surveillance is about getting more money from the rich. DON'T BELIEVE IT!

According to the Treasury Department, The truth is they want to "improve audit selection" so they can "better target enforcement activity" on all Americans.

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According to the Wall Street Journal, it's to fund the administration's new social safety nets and pricey climate change initiatives.

But they don't stop at your bank account – they're also interested in your:

  • Investments (Stocks, Mortgages, Trust Deeds, etc.)
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  • Money transactions on mobile payment services like Venmo and Paypal.

Right now, little red warning lights should be going off in your head.

Top Republicans call this an "egregious dangerous overreach" and an attempt to "turn local banks into extensions of the IRS."

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The American Bankers Association says, "the proposal would create a significant burden on small businesses and community banks … and CREATE A MOUNTAIN OF NEW DATA." Yes, ALL of your banking transactions open for scrutiny.

This is a POWER GRAB for the IRS to work against all Americans!

In the hunt for more "give away money," Biden is also looking to raise individual taxes, corporate taxes, international taxes, and capital gains to fund trillions in new climate and infrastructure programs.

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