Manchin Rejects Democrats’ Proposal to Let the IRS Monitor Bank Accounts | National Review

Manchin Rejects Democrats’ Proposal to Let the IRS Monitor Bank Accounts | National Review


Congressional Democrats have proposed requiring banks to report to the IRS the total inflows and outflows of all bank accounts with transactions of at least $10,000 (after initially proposing a $600 threshold).

But West Virginia senator Joe Manchin says he opposes the proposal at any amount:

BANK REPORTING : @Sen_JoeManchin clarifies to me he opposed bank reporting no matter what the threshold. “No one should be in anyones bank account “

— Erik Wasson (@elwasson) October 26, 2021





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Tony Beasley
Tony Beasley writes for the Local News, US and the World Section of ANH.