{"id":856554,"date":"2021-10-07T12:59:09","date_gmt":"2021-10-07T16:59:09","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=856554"},"modified":"2021-10-07T12:59:12","modified_gmt":"2021-10-07T16:59:12","slug":"mushrooming-number-of-gop-states-will-not-comply-with-bidens-irs-snoop","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mushrooming-number-of-gop-states-will-not-comply-with-bidens-irs-snoop\/","title":{"rendered":"Mushrooming Number Of GOP States Will Not Comply With Biden\u2019s IRS snoop"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmushrooming-number-of-gop-states-will-not-comply-with-bidens-irs-snoop%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=856554&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/08\/biden-14-scaled-1.jpg?w=1200&amp;h=800&amp;ixlib=react-9.3.0\" class=\"ff-og-image-inserted\" \/><\/div>\n<p>The number of GOP-led-states which assert they will not comply with the Biden administration proposal to force banks to hand over transaction data over $600 to the IRS is starting to mushroom.<\/p>\n<p>On Wednesday, after West Virginia and Nebraska had already indicated they would not comply, Missouri state treasurer Scott Fitzpatrick asserted, \u201cI will stand up to this government overreach and protect the privacy of those account holders. Turning over their transaction data to the federal government is illegal under Missouri law and a gross violation of Missourians\u2019 expectation of privacy when it comes to their personal financial records. I will not turn this information over to the IRS voluntarily and will fight in court to block any attempt by the federal government to compel my office to comply with this mandate.\u201d<\/p>\n<p>Arkansas state treasurer Dennis Milligan echoed to <a href=\"https:\/\/www.dailymail.co.uk\/news\/article-10065585\/Missouri-says-WONT-comply-Bidens-plans-spy-accounts-600.html\">The Daily Mail<\/a>, \u201cIt would be absolutely absurd for me to turn over their private account data regarding money they\u2019re saving for their loved ones\u2019 future to the IRS, and I do not intend to do so. I would do all I could in my role to not comply with this proposal.\u2019<\/p>\n<p>West Virginia state treasurer Riley Moore said of the IRS plan, \u2018The impact this is going to have on community banks, this is like Dodd Frank on steroids. In terms of compliance, a community bank, to be able to be in compliance, to set that type of regime up is just going to put them out of business. So who wins? The big banks win. The same banks that were bankrolling Biden\u2019s campaign in 2020.\u201d He added, \u2018The $600 requirement is absolutely unconstitutional. It\u2019s a massive invasion of privacy; it\u2019s huge government overreach. I don\u2019t think any state should comply with this.\u201d<\/p>\n<p>Last week Nebraska Treasurer John Murante told <a href=\"https:\/\/www.foxbusiness.com\/money\/irs-spending-bill-spying-bank-accounts-taxes-yellen\">Fox News<\/a>, \u201cMy message is really simple. The people of Nebraska entrusted me to protect the privacy of these accounts and I am not going to comply with this. If the Biden administration sues me, we will take it all the way to the Supreme Court. We are going to fight every step of the way.\u201d<\/p>\n<p>Moore lauded Murante, saying, \u201cI think it\u2019s great what Treasurer Murante said. I think we should all follow suit in our respective states by not complying with this. If the feds feel like they wanna sue every state that\u2019s not complying with it, then okay. Bring it on.\u201d<\/p>\n<p>Consumers Bankers President Richard Hunt told Fox News, \u201cNow that they have the data, they are going to slice and dice and look into every single transaction of nearly every American. I\u2019m afraid if it does pass it may force some people not to get into the banking system, and we need people in the banking system.\u201d<\/p>\n<p>On September 20, a number of state treasurers, auditors and financial officers signed an <a href=\"https:\/\/patreasury.gov\/pdf\/newsroom\/SFOF-letter-to-President-Biden-and-Secretary-Yellen.pdf\">open letter<\/a> to President Biden and Treasury Secretary Janet Yellen which stated:<\/p>\n<blockquote readability=\"15\">\n<p><em>As State Treasurers, Auditors and financial officers, we are joining together with our local citizens\u2019 community banks and credit unions to express our opposition to any proposal that would require financial institutions to turn over private citizens\u2019 personal bank account information to the Internal Revenue Service (IRS) if they exceed $600 of inflows or outflows in an account.<\/em><\/p>\n<p><em>We do not believe the federal government should give the IRS the unprecedented and unconstitutional power to peer into law abiding citizens\u2019 private financial accounts. This would be one of the largest infringements of data privacy in our nation\u2019s history and is a direct assault on the financial disclosures of all Americans.<\/em><\/p>\n<\/blockquote>\n<p><em>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a <\/em><a href=\"https:\/\/www.dailywire.com\/subscribe\"><em>member<\/em><\/a><em>.&nbsp;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The number of GOP-led-states which assert they will not comply with the Biden administration proposal to force banks to hand over transaction data over $600 to the IRS is starting &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-856554","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/856554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=856554"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/856554\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=856554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=856554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=856554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}