[Congressional Record Volume 167, Number 188 (Tuesday, October 26, 2021)]
[House]
[Page H5885]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                         IRS SURVEILLANCE PLAN

  (Mr. BOST asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. BOST. Madam Speaker, $10,000 a year, an average of $200 a week. 
Under the Democrats' IRS surveillance plan, that is all you will need 
to spend before they require the IRS to collect personal information on 
your bank transactions.
  Let's put that in perspective. According to the USDA, an average 
family of four on a low budget paid roughly $196 per week for groceries 
in 2019. That is almost enough right there to require your bank to turn 
over your information.
  Now, with skyrocketing inflation and the costs getting higher and 
higher--and what if you pay rent, have credit card bills, a car 
payment, or need to buy gas that you can drive back and forth to work 
to support your family? That can easily exceed the threshold, and 
probably five times over.
  This proposal is not simply targeting the richest Americans or big 
corporations. It means the IRS would have the personal information of 
almost every American with a bank account. This is an invasion of your 
privacy and a serious cybersecurity risk.

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