Score one for freedom and privacy (for now) as Democratic lawmakers have scrapped their plans for a dragnet-style IRS surveillance across Americans’ bank accounts.
The original proposal would have required financial institutions to report on any account (be it a checking account, savings account, stock portfolio, etc.) which handled more than $600 in inflows and outflows in a given year, practically implicating every bank account holder.
Illegal so they will have to SCRAP IT !!!!!
Wasn’t going to happen. Every party has their wish list, every single budget cycle. Most times the wishes are cut.
However I remember a time when the nation didn’t pay attention to the budget cycle and lots of PORK was eaten.
Now – everything is watched and thats a very good thing.