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    Michael Hiltzik: The IRS wanted a new tool to go after tax cheats. Republicans and bankers blocked it

    Here's a handy rule for anyone struggling to decode policy debates in Washington: If the GOP is throwing a fit about something, you can be sure their complaints are bogus. Latest case in point: a provision in the Build Back Better bill, the Biden administration's omnibus spending package, that would give the Internal Revenue Service more of the information it needs to crack down on tax cheats. ...
    by Michael Hiltzik, Los Angeles Times Oct 20, 2021 6 minutes

    Here's a handy rule for anyone struggling to decode policy debates in Washington: If the GOP is throwing a fit about something, you can be sure their complaints are bogus.

    Latest case in point: a provision in the Build Back Better bill, the Biden administration's omnibus spending package, that would give the Internal Revenue Service more of the information it needs to crack down on tax cheats.

    The proposal would have required banks to report gross inflows and outflows in accounts with balances of more than $600 in a year and tighten reporting from online selling platforms such as Etsy and EBay.

    As depicted by congressional Republicans and their peanut gallery of right-wing commentators, the proposal would empower legions of gimlet-eyed IRS agents to poke their snouts into even your tiniest financial transactions.

    Here's House Minority Leader Kevin McCarthy (R-Bakersfield): "Democrats want to spy on anything you earn or buy that is more than $600. By hiring 85,000 new IRS agents

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