On top of the Biden administration trying to push the COVID-19 vaccine and $3.5 trillion spending bill, there is also another lesser-known initiative that many Democrats are trying to pass. When it comes to paying taxes, the liberals claim that the rich are using loopholes to get out of paying what is owed. To help curb this illegal activity, the Biden administration wants to grant the IRS access to any bank account that makes a transaction over $600. And while the Democrats promise this isn’t a breach of privacy, Nebraska just became the first state to stand against this initiative and the Biden administration.
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Knowing the financial repercussions that could happen if the IRS was given access to American’s bank accounts, Nebraska State Treasurer John Murante vowed not only to not comply with the White House on the matter but that he was willing to take the fight all the way to the Supreme Court if need be.
Talking to reporters, Murante said, “As State Treasurer, I have an obligation to safeguard the personal information of hundreds of thousands of these accounts and it’s absolutely wrong to ask American citizens who haven’t even been accused of wrongdoing to turn over their private bank information to the federal government. There’s no excuse for it.”
In the letter sent to President Biden, which was signed by Murante and treasures and auditors from 24 other states, it says, “This could lead to a tremendous invasion of privacy the likes of which our country has never seen. Millions of law-abiding Americans would suddenly have their bank accounts opened to federal investigators for no more reason than buying a refrigerator. This is simply unconscionable. To make matters worse, under this proposal, saving for college could put an American family on the IRS’s radar.”
Murante added that he usually doesn’t openly fight with Congress, but on this matter – he could step down. “I don’t typically engage in legislation that’s going through the Congress, but on an issue like this, it’s something that myself and many of my colleagues across the country believe that we have to stand up and fight.”
This piece was written by Jeremy Porter on October 1, 2021. It originally appeared in RedVoiceMedia.com and is used by permission.
The opinions expressed by contributors and/or content partners are their own and do not necessarily reflect the views of Rob Maness.
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