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Yellen on $600 IRS reporting requirement: 'There's a lot of tax fraud and cheating that's going on.'

Summary by Ground News
Treasury Secretary Janet Yellen expressed her support for the Internal Revenue Services' plan to track Americans' bank accounts. Democrats' pending $3.5 trillion social spending bill would compel banks to report gross inflows and outflows to the IRS for transactions of $600 or more. Many lawmakers are calling the proposal a violation of the Fourth Amendment.

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Bias Distribution

  • 75% of the sources lean Right
75% Right
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The Daily Wire broke the news in Nashville, United States on Monday, October 11, 2021.
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