Posted on 10/07/2021 3:49:21 PM PDT by American Number 181269513
Missouri and Arkansas became the latest states to say they would not comply with a Biden proposal to force banks to hand over transaction data over $600 to the IRS on Wednesday.
'I will stand up to this government overreach and protect the privacy of those account holders,' state treasurer Scott Fitzpatrick said in a statement Wednesday morning. '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,' Fitzpatrick said.
The states follow both West Virginia and Nebraska in promising to defy the policy.
Arkansas state treasurer Dennis Milligan told DailyMail.com he would not hand over citizen's data to the IRS either.
'It would be absolutely absurd for me to turn over their private account data regarding money they’re saving for their loved ones’ future to the IRS, and I do not intend to do so,' he said. 'I would do all I could in my role to not comply with this proposal.'
(Excerpt) Read more at dailymail.co.uk ...
The Democrats want to Nationalize all the banks so they can have ALL THE MONEY
bump
Bingo.
The patriotic fight against the Dementia Joe dictatorship continues unabated.
Excellent!
And just how would they do that?
I asked our bank to notify me when the snooping starts.
They said something was in the wind...
The GOP will huff and they will puff and then they will cave — their modus operandi.
The don’t have to nationalize and banks ARE regulated by both state and federal authorities.
The courts that will decide this issue are federal courts. No brainer which side wins.
The IRS can make anything a reportable transaction. The only limiting factors are technology and civil disobedience. The IRS could make the amount $100, or $50 if it wanted to. Just gets it more data to look for crooks.
And just how would they do that?
They did steal the US and now it’s theirs
We need a “Red State Coalition” to oppose the coming totalitarian State at the sovereign state level. We must band together to strengthen the truth, and resist tyranny. This needs to happen now!
MEanwhile, Texas’ governor Abbott is occupied sticking his finger in the wind to see which direction the political winds are blowing.
“Let’s Go, Gregg”
This + CRT. It’s the perfect storm. 100% educational choice and eliminate the IRS. National/ fair tax.
“And just how would they do that?”
Well, put an actual communists in charge of the OCC and FDIC and regulate the banks into becoming nothing more than arms of the government.
The Nazis did the same thing.
Maybe they are doing this in order to create a backlash. They want a Jeff Davis to take down. Trump isn’t filling the role they want. All they have is 1/6, which is turning out to be so much bushido, and they can’t identify anything in his business transaction worth hollering about. So they want to provoke a rebellion from somewhere, and Texas isn’t panning out as a source of one. You’d think Abbott is the perfect man in charge of the perfect state to fill the role. But no. He isn’t for dying in any Alamos, and f@#$ing with the Border Patrol and their horses didn’t work, either. So this is the next try. They do have one ingredient, alienated Afghan vets. But no Robert E. Lee at the head of them, if that would even apply in this day and age. Nuclear bombs. F-14s. Both of them are worthless against guerilla urban fighters. So you wouldn’t have any Robert E. Lee fighting set piece battles. Now f@#$ing with people’s money might just make some urban fighters for him to crush.
If I’m not mistaken, States control banking regulations.
Feds step in when there is a robbery, that’s it.
IRS sets rules for reportable transactions.
FDIC is federal. There are plenty more. It’s a mix of state and fed.
The issue hewre is what the IRS sets as “reportable” (to the IRS). Banks already report transactions. The complaint here is really about the work, not the privacy. The privacy interest is already protected, on paper, becuase the banks report to the government, and the government is bound to protect privacy.
The more I think on this $600 thing, in light of a potential market crash soon, I have to wonder if this is preparing for some type of bank “holiday” or some other restrictions.
...that is all
A national sales tax would allow wage earners to keep their whole check before spending it on frivolous things such as a tattoo.
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