Fischer Joins Legislation to Protect Nebraskans' Financial Privacy from the IRS

Press Release

U.S. Senator Deb Fischer (R-Neb.) today cosponsored the Tax Gap Reform and Internal Revenue Service (IRS) Enforcement Act. The legislation, which was introduced in the Senate by Mike Crapo (R-Idaho), would protect the American people from Democrats' efforts to hire an army of IRS agents charged with snooping on taxpayers' bank accounts and surveilling the public's everyday expenses. Democrats have proposed that the IRS monitor individuals' personal bank accounts for transactions as small as $600.

"President Biden is grasping at straws to fund his partisan tax-and-spending spree. This includes attempting to dramatically expand the size and scope of the IRS so the agency can aggressively monitor the public's private finances. This legislation would ensure there are guardrails in place to protect Nebraskans from an invasion of their financial privacy," said Sen. Fischer.

Nebraska State Treasurer John Murante joined 22 other financial officers from across the country in a letter opposing the Biden's administration's plan. The letter called it "one of the largest infringements of data privacy in our nation's history."

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