Yellen on $600 IRS reporting requirement: 'There's a lot of tax fraud and cheating that's going on.'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.
Janet Yellen Endorses IRS Plan To Monitor All Bank Transactions Above $600
Treasury Secretary Janet Yellen expressed her support for the Internal Revenue Services’ plan to track Americans’ bank accounts.In a proposal that many lawmakers are calling a violation of the Fourth Amendment, the 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. Yellen lauded the plan during a recent interview with CNBC’s “Squawk Box.”“Righ…
Janet Yellen gets called out after claiming proposal for IRS to get bank account data is about holding wealthy Americans accountable
Treasury Secretary Janet Yellen was promptly called out after defending a controversial proposal that could have the Internal Revenue Service intrusively tracking all bank accounts with transactions that annually total $600 or more. What is the proposal? To improve "tax compliance" and boost gove...
Janet Yellen Plan to Monitor $600+ Bank Transactions is 'Absolutely Not' Spying
Treasury Secretary Janet Yellen denied that an effort to enable the IRS to monitor bank transactions of $600 or more was an attempt to spy on ordinary Americans, saying it was about "tax fraud."
Tuberville, bankers bash Biden plan for banks reporting $600 transactions to IRS
U.S. Sen. Tommy Tuberville joined with Alabama bankers outside Protective Stadium in Birmingham on Tuesday to criticize a Biden administration plan for requiring banks to report transactions of $600 or
Yellen on $600 IRS reporting requirement: 'There's a lot of tax fraud and cheating that's going on.'
Treasury Secretary Janet Yellen continues to defend the Biden administration's proposed requirement for banks to report every transaction of $600 or more to the IRS, saying, "There's a lot of tax fraud and cheating that's going on."
The government REALLY wants to monitor how you spend your money as Janet Yellen signs off on IRS tracking plan
The government wants to tracks all you problematic little serfs and your tendency to buy things with the money you earn without their expressed approval.
Yellen: IRS Surveillance of $600+ Bank Transactions ‘Absolutely Not’ Spying
'I think this proposal has been seriously mischaracterized' - Treasury Secretary Janet Yellen has argued that the IRS having access to Americans bank accounts...
Janet Yellen argues $600 IRS reporting requirement would be used to combat tax fraud
Fox News contributor Brian Brenberg explained the U.S. does not have an issue with tax collection, but Congress spends more than the amount coming in.
Yellen: IRS Plan to Monitor $600+ Bank Transactions 'Absolutely Not' Spying -- 'There’s a Lot of Tax Fraud'
Treasury Secretary Janet Yellen said on Tuesday's broadcast of "CBS Evening News" that the proposed $600 IRS reporting requirement for banks is "absolutely not" a way for the government to spy on Americans. | Clips