U.S. News In response to proposed IRS monitoring expansions, Nebraska has stated that it will “not comply.”
A proposal allowing the Internal Revenue Service (IRS) to monitor Americans’ bank accounts is in President Biden’s $3.5 trillion budget plan. The addition would allow the IRS to compel banks to disclose all transactions of most bank accounts. We explored the financial surveillance proposed in the bill here .
In response, the state of Nebraska has stated that it will “not comply” with the increased powers demanded by the IRS in the lengthy budget reconciliation bill. Nebraska State Treasurer John Murante said his state is spearheading the opposition to the proposal that would require banks to report accounts with at least $600 in transactions to the Internal Revenue Service.
In an interview with Fox Business , Murante stated that, “My message is really simple. The people of Nebraska entrusted me to protect the […]
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