[Congressional Record Volume 167, Number 190 (Thursday, October 28, 2021)]
[House]
[Page H6031]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
IRS SURVEILLANCE
(Mr. ROSE asked and was given permission to address the House for 1
minute and to revise and extend his remarks.)
Mr. ROSE. Mr. Speaker, today I come to the House floor with bad news
for American workers and small businesses. Democrats are pushing a
misguided provision within their massive tax-and-spend boondoggle that
will allow the Internal Revenue Service to spy on practically every
financial account in the United States.
Included in their $5.5 trillion socialist, tax-and-spend package is a
proposal to create an IRS surveillance program that would require all
financial institutions to monitor, track, and report accounts that have
more than $10,000 worth of inflow or outflow in a given year without
limit.
This is nothing short of widespread, indiscriminate government spying
that lays bare a direct threat to our American way of life. The
Democrats' plan to give the IRS unfettered access to the personal and
private finances of American citizens is a gross abuse of power and
should be deeply concerning to anyone who values privacy and economic
inclusion.
Given the IRS' past reputation, there is little reason to believe in
the agency's capacity to protect this unprecedented access to our
personal financial information from cyberattacks and other security
breaches.
As the concept of a surveillance state becomes more of a reality, we
must oppose Democrats' far-left, socialist policies.
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