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Sen. Cynthia Lummis Image Credit: Gage Skidmore Reading Time: 4 minutes
WASHINGTON — “The income tax created more criminals than any other single act of government.”—Barry Goldwater
Senator Cynthia Lummis, a Wyoming Republican, took Treasury Secretary Janet Yellen to task for the proposed spying activities the Biden administration is seeking to give the Internal Revenue Service (IRS) earlier this week at a banking, housing and urban development committee meeting.
Lummis also took on her colleagues in both parties for the nation’s debt, which currently stands at $28.8 trillion according to usdebtclock.org .
Under the $3.5 trillion monstrosity bill proposed by President Joe Biden and his fellow Democrats, it includes IRS funding to target the information of Americans. The IRS, under the proposal, would force banks and credit unions to report transaction data over $600.
On an aside, this isn’t the only big brother activity in the works as the proposed $1.2 trillion infrastructure bill includes a mileage tax that would not only deprive Americans of their money but also their privacy.
“There are obvious privacy concerns for all Americans here,” Lummis said at the committee meeting. “And this represents a dramatic new regulatory burden for community banks and credit unions in Wyoming and elsewhere.”
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Lummis said that banks would have to hire contractors “to rat on customers,” and have to divert resources to unnecessary software. She also said Americans are not the government’s “subjects,” and they will rightly seek alternatives to the banking system.
“Are you aware of how unnecessary this regulatory burden is? Do you distrust the American people so much that you need to know when they bought a couch or a cow?” Lummis asked Yellen.“I really disagree with the assessment that you have,” Yellen responded. Why was Lummis’ assessment wrong? Well, we’re already slaves to the state. After all, as Yellen described, banks already have to report any interest paid over $10 to the IRS and it already collects “a wealth of information about individuals.” So, effectively, Yellen was saying: “Oh, you silly Americans. Did you think you were free?”Yellen went on to decry Americans, by keeping their own hard-earned money, who “deprive us […]
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They’re Trying to Shut Us Down
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