In a clearly desperate bid to raise tax revenue for transforming America into an essentially communist state (oh, the irony), Democrats have run into a bit of a snafu in their bid to muster up every possible penny to fund their endless trillions in proposed spending.
As most Americans are aware, the Biden administration has set its sights on all transactions over $600 for all Americans, believing that somehow trillions in lost revenue will be found.
However, once again, the Biden administration has apparently forgotten about a little thing called states’ laws, which of course include privacy legislation.
Which is precisely why a number of state treasurers have told the Biden admin to shove it.
For instance, Scott Fitzpatrick, who serves as the Missouri State Treasurer, was abundantly clear in his priorities, which don’t include an Orwellian state.
“I will stand up to this government overreach and protect the privacy of those account holders. Turning over their transaction data to the federal government is illegal under Missouri law and a gross violation of Missourians’ expectation of privacy when it comes to their personal financial records …
I will not turn this information over to the IRS voluntarily and will fight in court to block any attempt by the federal government to compel my office to comply with this mandate.” [Source: The Daily Wire]
Excellent. And given how many issues Biden is encountering with anti-mask mandate governors, he should face even more resistance from private banking institutions.
In the past week, John Murante, who serves as Nebraska Treasurer, also vowed to to take the battle all the way to the Supreme Court if needed.
“My message is really simple. The people of Nebraska entrusted me to protect the privacy of these accounts and I am not going to comply with this. If the Biden administration sues me, we will take it all the way to the Supreme Court. We are going to fight every step of the way.” [Source: The Daily Wire]
As encouraging as Murante’s will to fight is, it is also important to remember that the Supreme Court is not exactly respected by the present administration, as demonstrated by numerous recent examples.
Such as Pelosi demanding that the CDC arbitrarily extend the eviction moratorium, in spite of the fact that the Supreme Court had already ruled that the CDC has no such authority.
In addition, GOP Senator Cynthia Lummis, who represents Wyoming, recently hammered US Secretary of the Treasury Janet Yellen, pointing out just how dangerous Biden’s absurd proposal is.
“My constituents in Wyoming cannot believe that you support a proposal to require banks and credit unions to report customer data to the Internal Revenue Service for transactions of $600 or more. There are obvious privacy concerns for all Americans here … Do you distrust the American people so much that you need to know when they bought a couch? Or a cow?
I am astounded by what you’re supporting and proposing. I think it’s invasive. I think privacy for individuals is being ignored. And I think that treating the American people like they are subjects of the government is unconscionable.” [Source: U.S. Senate]
Absolutely unconscionable, not to mention unbelievable … after all, the Founding Fathers fled the whole idea of royalty and subjects for a reason …
Various financial officers, state treasurers, and auditors have also banded together to detail exactly what they think of the Biden administration’s behavior in a letter, which detailed just how serious an invasion of privacy, not to mention threat to the Constitution, that such a measure poses.
“We do not believe the federal government should give the IRS the unprecedented and unconstitutional power to peer into law abiding citizens’ private financial accounts. This would be one of the largest infringements of data privacy in our nation’s history and is a direct assault on the financial disclosures of all Americans.” [Source: The Daily Wire]
Not only is it by far one of the largest infringements, it is incredibly dangerous … almost like a page straight out of China’s playbook.
Speaking of China, will Hunter Biden be subjected to this $600 rule?
After all, he has no background in art, yet he’s selling paintings for upwards of $500,000+ at fancy art shows in LA attended by ultra-left celebrities … and likely foreign powers doing the real buying.
What’s the most pathetic of all is Hunter’s “inspiration” for his art.
“I don’t paint from emotion or feeling, which I think are both very ephemeral … For me, painting is much more about kind of trying to bring forth what is, I think, the universal truth.” [Source: The Daily Wire]
“Universal truth,” huh? That’s one way of putting Hunter’s behavior … Just ask his laptops.
Author: Jane Jones