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Uh oh. Club 401K wanted this one.

"Democrats to scale back Treasury’s IRS bank reporting plan amid GOP uproar"

"Senate Democrats on Tuesday will unveil a scaled-back version of a Biden administration proposal to crack down on wealthy tax cheats after conservative groups and the bank industry raised major privacy concerns, three people with knowledge of the coming announcement said."

My, my, my. (Hey, it's good to focus on Trump all the time! Unimportant stuff like this? Naaaaa)

"Initially, the Department of Treasury and Senate Democrats had proposed requiring financial institut
ions to provide the Internal Revenue Service with additional information on bank accounts with more than $600 in annual deposits or withdrawals."

YES, LIBERALS WANTED THOSE RICH 1%'ERS INVESTIGATED FOR $600 BUCKS. (more dumping on the working man and non Club 401K'er is what it was)

"After a backlash, the new proposal will instead require the provision of additional information for accounts with more than $10,000 in annual deposits or withdrawals, a measure Democrats have been considering for weeks but have not formally endorsed, the people said"

Well, uh, that is sorta what its been.

And, uh, well........................... ;)

*NO TMF member is attacked in this post. A failure by the party in the White House, Congress, and Senate is highlighted, as usual - with non partisan link from the Leader*
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