OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

The Irs is Watching

Floor Speech

Date: Oct. 26, 2021
Location: Washington, DC

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Ms. FOXX. Madam Speaker, the Federal Government needs to stop sticking its noses in places it does not belong.

For the past 9 months, the size and scope of the Federal Government have expanded like a balloon being inflated with helium. Look no further than a provision in the Democrats' budget reconciliation package that allows the IRS to monitor the bank accounts of every American. If you made a deposit or withdrawal of more than $600 cumulatively, the IRS would be the first to know. That is $28 a day.

Madam Speaker, the American people are fearful of more government control, and I share their fear. America should never find itself standing at socialism's door, and this dangerous provision puts us one step closer to doing so.

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