Joe Biden is plunging the nation into crisis.
He has overseen one policy failure after another in under eight months.
Now Biden wants the IRS to do something that will make your blood boil.
It was bad enough when the Obama administration sicced Lois Lerner and the IRS on conservative organizations.
Now Joe Biden wants to go after everyone for potential tax evasion, even the average citizen sending hundreds of dollars on apps like Venmo and PayPal.
All of this is to fund his ridiculous $3.5 trillion spending package that’s being held up in the Senate.
The Daily Mail reports:
“One key prong of President Biden’s plan to bankroll Democrats’ $3.5 trillion budget plan is to monitor gross inflows and outflows from an individual’s bank account . . . The proposal would require banks to report gross inflows and outflows to the IRS, including transactions from Venmo, PayPal, crypto exchanges and the like in an effort to fight tax evasion. The IRS would know how much money is in an individual’s bank account in a given year, whether the individual earned income on that account and exactly how much was going in and out.”
The absurd overreach by Biden is likely unconstitutional, and could result in litigation.
The Daily Mail continues:
“Patrick Hedger, vice president of policy at the Taxpayers’ Protection Alliance, warned that such a proposal could violate the Fourth Amendment, which protects citizens from search and seizure without probable cause. ‘The IRS is first and foremost, a law enforcement agency, and the Fourth Amendment protects against unreasonable searches and seizures in pursuit of looking for wrongdoing and criminal actions, so I think this is going to run into severe Fourth Amendment headwinds,’ Hedger [explained].”
Barack Obama nudged the country in a fascist direction by weaponizing the executive branch.
Biden is now accelerating that shift, and he has the corporate-controlled press and Big Tech behind him.
“This is the ultimate regressive tax . . . You’re going to end up punishing the worst off among us . . . the lower income folks in this country have historically been the targets of aggressive IRS audits because they don’t have the CPAs and the lawyers to be able to fight back. I don’t see why they need to be going after people, you know, just the average, the average Joe and start stooping on, you know, a $600 payment.’”
Biden and the Democrats say they’re “for the people,” but all of their policies put the squeeze on average citizens.
Biden’s immigration policies put downward pressure on working class wages.
His energy policies have cost thousands of Americans jobs while causing gas prices to explode.
Biden’s economic policies have led to worker shortages and price inflation.
Meanwhile, burdensome COVID policies are restricting small business owners, many of whom have closed their doors permanently.
The Biden administration has been an utter failure, and this IRS gambit is just the latest example.
Stay tuned to Conservative Underground News for any updates to this ongoing story.