Sen. Lummis slams Yellen over $600 IRS reporting requirement

Yellen defended the proposal, saying that there is a ‘tax gap’ that needs filling

The White House estimates that the proposal to monitor all transactions of $600 or more could bring in roughly $463 billion in additional revenue over the next decade through IRS enforcement actions.

Republican lets loose on Yellen over invasive banking proposals
https://www.foxbusiness.com/politics/sen-lummis-yellen-irs-reporting-requirement

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