Politics
Sen. Lummis asks Biden ‘do you distrust Americans so much that you need to know when they buy a couch?’
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Sen. Cynthia Lummis (R-WY) took her opportunity to blast President Biden during the latest Senate Committee on Banking, Housing and Urban Affairs. Treasury Secretary Janet Yellen appeared for a hearing Tuesday when Lummis took aim at Biden’s financial policy.
Following Biden’s proposal to require banks to hand over transaction data over $600 on individual bank accounts, Lummis railed against the president
“Banks do not work for the IRS,” Lummis said. “This is invasive of privacy. Wyoming’s people literally will find alternatives to traditional banks just to thwart IRS access to their personal information, not because they’re trying to hide anything, but because they are not willing to share everything.”
However, Secretary Yellen corrected the senator. She claimed that the administration would just see reports on aggregate transactions. This way, there would be no way to see the data behind individual accounts.
“Do you distrust the American people so much that you need to know when they bought a couch? Or a cow?” Lummis asked. “I am astounded by what you’re supporting and proposing. I think it’s invasive. I think privacy for individuals is being ignored. And I think that treating the American people like they are subjects of the government is unconscionable.”
“The IRS has a wealth of information about individuals,” Yellen said. According to the treasure secretary, the proposal is for those who have “opaque sources of income.”
“A $600 threshold is not usually where you’re going to find the massive amount of tax data you think Americans are cheating you out of,” Lummis responded.
According to the Office of Tax Analysis, a crackdown on unreported income could generate $460 billion over the next decade. Yet, the IRS estimates that compliance on taxes due on wages is 99%. Meanwhile, compliance on what they call “less visible” sources of income is at 45%.
You can follow Jenny Goldsberry on Twitter @jennyjournalism.
Elections
Trump, Rep Biggs: invoking the Alien Enemies Act to enable widespread deportation will ‘be necessary’
At a recent rally in Iowa, former President Donald Trump promised that if elected again in 2024, he would invoke the Alien Enemies Act to enable widespread deportation of migrants who have illegally entered the United States. Since President Joe Biden took office in January of 2021, over 6 million people have illegally entered the country.
Republican Representative Andy Biggs from border state Arizona, which is among the states suffering the greatest consequences from the Biden administration policies, lamented that Trump’s suggestion will be “necessary.”
Speaking on the “Just the News, No Noise” television show, Biggs stated “[I]t’s actually gonna have to be necessary.” Biggs then added his thoughts on how many more people will continue to cross the border under Biden: “Because by the time Trump gets back in office, you will have had over 10 million, in my opinion, over 10 million illegal aliens cross our border and come into the country, under the Biden regime.”
“And so when you start deporting people, and removing them from this country, what that does is that disincentivizes the tens of thousands of people who are coming,” Biggs went on. “And by the way, everyday down in Darién Gap, which is in Panama… over 5,000 people a day. [I] talk[ed] to one of my sources from the gap today. And I will just tell you, those people that you’ve seen come come in to Eagle Pass, over 7,000 in a three day period, most of those two weeks ago, were down crossing into the Darién Gap.”
“And those people… make their way up and they end up in the Eagle Pass [Texas], Del Rio area,” he continued. “So if you want to disincentivize them, you remove them from the country, which is why they remain in Mexico policy was so doggone effective at slowing down illegal border crossings.”
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