(LifeSiteNews) — President Joe Biden’s plan for the Internal Revenue Service (IRS) to monitor banking transactions more closely is facing pushback from business groups and Republican leaders.
Biden’s proposal, part of his plan to cover a pending $3.5 trillion social spending bill, “would require banks to turn over to the Internal Revenue Service bank account information for all accounts holding more than $600,” according to analysis by The Center Square.
The proposal received pushback from 40 business groups who outlined the problems in a September 20 letter to U.S. House of Representative leaders.
The Department of Treasury proposal “would require financial institutions and other providers of financial services to track and submit to the IRS information on the inflows and outflows of every account above a de minimis threshold of $600 during the year, including breakdowns for cash,” the letter signers said.
“While the stated goal of this vast data collection is to uncover tax dodging by the wealthy, this proposal is not remotely targeted to that purpose or that population.”
The proposed IRS mandate “would create tremendous liability for all affected parties by requiring the collection of financial information for nearly every American without proper explanation of how the IRS will store, protect, and use this enormous trove of personal financial information,” the business groups warned.
It also raises “significant privacy concerns.”
Supporters of the letter include banking associations, franchise trade groups, and construction industry representatives.
Republican politicians also criticized the proposal.
“Bank customers are not subjects to the federal government. Banks do not work for the IRS,” Wyoming Republican Senator Cynthia Lummis told Treasury Secretary Janet Yellen.
In response to criticism, Yellen argued that Americans are not paying what they owe.
“I think it’s important to recognize that we have a tax gap that’s estimated at $7 trillion over the next decade,” she said in defense of the proposal.
“That is taxes that are due and are not being paid to the government that deprive us of the resources that we need to do critical investments to make America more productive and competitive.”
Biden said his banking monitoring plan “isn’t about raising [high-earners’] taxes. It’s about the super-wealthy finally beginning to pay what they owe — what the existing tax code calls for — just like hardworking Americans do all over this country every Tax Day.”
The president made the remarks during a September 16 briefing on the economy.
PETITION UPDATE (3/7/22) -
To his eternal shame, self-professed "Catholic" Joe Biden has done it again.
In the last 10 days, Biden directly acted to promote the evil of abortion. Twice.
And, to their shame, the bishops of the United States continue to tolerate this ongoing scandal as though it's business as usual.
But, let's not give up on our shepherds!
Please SIGN this petition and let's CONTACT our bishops again, and ask them to do the right thing (or, do something!), and excommunicate Joe Biden.
In the latest episode of this ongoing tragedy, Biden nominated abortion-friendly (and, Planned Parenthood supported) Ketanji Brown Jackson to replace Justice Stephen Breyer on the Supreme Court.
Then, as if to underline his Supreme Court pick, Biden made the following statement promoting abortion during his State of the Union address:
"The constitutional right affirmed by Roe v. Wade — standing precedent for half a century — is under attack as never before. If you want to go forward — not backwards — we must protect access to health care. Preserve a woman’s right to choose..."
Of course, we know that making a decision to exclude public figures from Holy Communion is not easy. But, sometimes, this is the only way to make them understand the error of their ways, and to preserve the Church from serious scandal.
And now that Biden has left no doubt as to his intentions and actions - attempting to anchor the United States to the evil of abortion for generations to come - it is high time for the bishops to act to stop this grave scandal from continuing.
Public excommunication would be a suitable response for Biden's obstinate, public and grave sin of scandalously promoting abortion.
Please continue to SIGN and SHARE this important petition. Thank you!
FOR MORE INFORMATION:
'Biden announces Ketanji Brown Jackson to replace Stephen Breyer on Supreme Court' - https://www.lifesitenews.com/news/biden-announces-ketanji-brown-jackson-to-replace-stephen-breyer-on-supreme-court/
'Pro-life groups warn about Biden’s Supreme Court nominee' - https://www.lifesitenews.com/news/pro-life-groups-warn-about-bidens-supreme-court-nominee/
'These Republicans could help Biden install his far-left Supreme Court pick' - https://www.lifesitenews.com/blogs/these-republicans-could-help-biden-his-left-wing-supreme-court-pick/
'Biden reiterates support for Roe v. Wade, radical LGBT policies during State of the Union' - https://www.lifesitenews.com/news/biden-again-vows-supports-for-roe-v-wade-radical-pro-lgbt-law/
'Biden says he won’t debate ‘theology’ when asked on Ash Wednesday why he supports abortion' - https://www.lifesitenews.com/news/biden-says-he-wont-debate-theology-when-asked-on-ash-wednesday-why-he-supports-abortion/
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PETITION UPDATE (9/3/21) -
Following the US Supreme Court's decision to allow Texas' Heartbeat Law to go into effect, Joe Biden made the announcement that he would initiate a "whole-of-government" response against the new pro-life statute which could ban abortions after a fetal heartbeat is detected.
This is yet another, outright confirmation of Biden's openly pro-abortion policies, policies which have the main objective of ensuring that women will continue to be able to kill their own children without impediment.
This anti-life, anti-Catholic stance needs to be urgently addressed and condemned by the United States Conference of Catholic Bishops.
For the good of the Church, for the good of pre-born babies, for the good of the faithful, and, indeed, for his own good, Joe Biden needs to be publicly rebuked by the bishops and excommunicated until such time as he repents from his pro-abortion policies.
Please continue to SIGN and SHARE this petition, which asks the bishops of the United States to act in unison to exclude Joe Biden from Holy Communion for his scandalous promotion of abortion - the murder of the innocent.
After signing, please take a moment to CONTACT the offices of the USCCB to politely, but firmly, encourage the Conference to take the necessary steps to exclude from Holy Communion public officials who continue to show blatant disregard for innocent human life and the Church's teaching.
The USCCB's Office phone number is: 202.541.3000
Thank you!
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"No man can serve two masters. For either he will hate the one, and love the other: or he will sustain the one, and despise the other. You cannot serve God and mammon." - Matthew 6:24
In the lead-up to their meeting in mid-June, we call on the U.S. Conference of Catholic Bishops (USCCB) to exclude Joe Biden and other “Catholic” politicians (like, Nancy Pelosi) from Holy Communion over their public, obstinate, and scandalous promotion of abortion.
Please SIGN and SHARE this petition which asks the USCCB to act to stop the abuse of the reception of the Holy Eucharist by politicians who promote the murder of innocent pre-born babies.
We know that making a decision to exclude public figures from Holy Communion is not easy. But, sometimes, this is the only way to make them understand the error of their ways, and to preserve the Church from serious scandal.
Indeed, Canon Law (Canon 915) declares that those who persist in manifest, grave sin should not be admitted to Holy Communion.
Beyond that, at this point, public excommunication appears as the only suitable response for Biden's obstinate, public and grave sin of promoting abortion.
In doing so, we do not hold ourselves up as judges over Joe Biden's eternal soul, but we encourage the bishops to make known one of the consequences of public and obstinate support of abortion by our 'Catholic' politicians.
The fact is, in terms of the manifest, grave sin of abortion, Joe Biden is as bad as he said he would be before the election.
Therefore, it is cold comfort that the USCCB is only preparing to discuss this issue only now.
But even now, if the USCCB publicly excommunicate Biden for his pro-abortion stance (as well as other pro-abortion politicians), the Conference could reclaim some of the moral authority which they lost by their largely silent assent to Biden's candidacy.
Please SIGN and SHARE this petition, now.
Since Joe Biden was sworn-in on the 20th of January, he has wasted no time in signing orders and bills which facilitate the destruction of unborn human life.
- In one executive order, Biden rescinded the Mexico City Policy prohibiting the federal government from spending taxpayer monies on abortion and the promotion of abortion.
- Biden also signed (instead of vetoing) the COVID relief bill, which, for the first time in 44 years, contained funding for abortions in America, using taxpayer dollars.
- Biden said that he wouldn't defend Hyde, and he hasn't.
And, if he and the Democratic Party get their way, a lot more of the same regarding abortion is on the way.
Strong action must be taken lest anyone, especially young people, be confused by the scandal of a "Catholic" in Biden's position aggressively promoting abortion, enabling the killing of innocent human beings.
American rank-and-file Catholics don't want any more compromise and equivocation from the Bishops Conference on this "pre-eminent" life-and-death issue.
We want clear action, not twenty more years of dithering and "dialoguing."
50 million babies have been lost to abortion in the U.S. since Roe!
So, we will NOT accept any more lives lost as a result of dithering and "dialoguing." [**Please see "Notes" below about how it has been reported that some senior U.S. clerics are trying to prevent this discussion from even taking place.]
And, we will especially NOT accept one life lost to abortion by politicians who claim the Catholic Faith, but who promote grave evil. God forbid!
With all due respect to these bishops, they diminish the Holy Eucharist and their high office, as well as cause grave scandal to the faithful, by not imposing public canonical penalties on a man who is promoting mass murder of the unborn against the constant teaching of the Church.
The bishops are now at a crossroads and must choose either God or mammon.
We call on them to choose God and choose Life!
And we also continue to encourage those brave, true and good bishops who have done well to warn Amercian Catholics about the perils to the unborn and the Faith resulting from Biden's promotion of abortion!
SIGN and SHARE this petition, which asks the bishops of the United States to act in unison to exclude Joe Biden from Holy Communion for his scandalous promotion of abortion - the murder of the innocent.
After signing, please take a moment to CONTACT the offices of the USCCB to politely, but firmly, encourage the Conference to take the necessary steps to exclude from Holy Communion public officials who continue to show blatant disregard for innocent human life and the Church's teaching.
The USCCB's Office phone number is: 202.541.3000
FOR MORE INFORMATION:
Joe Biden: I support abortion ‘under any circumstance’ - https://www.lifesitenews.com/news/joe-biden-i-support-abortion-under-any-circumstance
Biden administration has opened the way for ‘abortion by mail on a massive scale’ - https://www.lifesitenews.com/news/biden-administration-unleashed-by
‘Catholic’ Biden marks Roe v. Wade anniversary with pledge to make abortion available for ‘everyone’ - https://www.lifesitenews.com/news/catholic-biden-marks-roe-v-wade-anniversary-with-pledge-to-make-abortion-available-for-everyone
BREAKING: DC archbishop affirms he will give Holy Communion to pro-abortion Joe Biden - https://www.lifesitenews.com/news/breaking-dc-archbishop-affirms-he-will-give-holy-communion-to-pro-abortion-joe-biden
Vatican puts brakes on US bishops confronting problem of pro-abortion Biden receiving Holy Communion - https://www.lifesitenews.com/news/vatican-puts-brakes-on-us-bishops-confronting-problem-of-pro-abortion-biden-receiving-holy-communion
Abp. Aquila backs call for pro-abortion ‘Catholic’ Joe Biden to be denied Holy Communion - https://www.lifesitenews.com/news/abp-aquila-backs-call-for-pro-abortion-catholic-joe-biden-to-be-denied-holy-communion
Cardinal Burke floats ‘excommunication’ for Biden over his ‘aggressive’ abortion promotion - https://www.lifesitenews.com/news/cardinal-burke-floats-excommunication-for-biden-over-his-aggressive-promotion-of-abortion
Biden’s HHS is lying about Title X to push abortion - https://www.lifesitenews.com/blogs/bidens-hhs-is-lying-about-title-x-to-push-abortion
List of US bishops for and against denying Communion to pro-abortion politicians like Biden, Pelosi - https://www.lifesitenews.com/news/list-of-us-bishops-for-and-against-denying-communion-to-pro-abortion-politicians-like-biden-pelosi
Notes about USCCB's June Meeting:
For nearly twenty years, the US bishops have been dithering about whether or not to excommunicate pro-abortion politicians by formally withholding Holy Communion from them.
Their indecision on this gravely scandalous matter is a scandal in itself, but one of the biggest obstacles has been internal opposition from senior U.S. bishops.
And, although the faces have changed in the last 20 years, their morally-and-intellectually-challenged arguments against excommunication have not changed.
Liberal bishops of the USCCB say that excommunicating Biden (for example) would divide the Church, divide the bishops, and would politicize the reception of Holy Communion.
Indeed, in the name of “unity,” it is reported that some senior U.S. clerics, including Cardinal Blase Cupich (Chicago), Cardinal Wilton Gregory (Washington, DC) and Cardinal O’Malley (Boston), have been working overtime to prevent any substantial discussion of so-called “Eucharist coherence” (that is, what qualifies as worthy reception of Holy Communion).
It is also reported that at least 57 other American bishops allegedly joined these Cardinals in a recent letter to the Head of the Bishops Conference, Archbishop Gomez of Los Angeles, to try to pressure him to drop the planned discussion at the full meeting of bishops in June.
And now, even the Vatican is getting involved, with the head of the Congregation for the Doctrine of the Faith suggesting that even more “dialogue” is needed.
These same clerics may mistakenly believe that any attempt to suppress the objective connection between a politician’s promotion of abortion and his unworthy reception of Holy Communion will fool anyone.
But, it will not.
Rank-and-file Catholics are not stupid and can smell compromise a mile away, and we’ve had enough.
With all due respect to the Cardinal, bishops, and the Vatican…those who fail to act diminish the Holy Eucharist and their high office, as well as cause grave scandal to the faithful, by “dialoguing” with a man who is promoting mass murder of the unborn against the constant teaching of the Church.
Please SIGN and SHARE this urgent petition urging the bishops Conference to take action at their June meeting to exclude pro-abortion Joe Biden and other abortion-promoting “Catholic” politicians from Holy Communion.
**Photo Credit: Joshua Roberts / Getty Images
“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,” Fox Business reported.
Republican lawmakers stressed the violation of Americans’ privacy.
“Democrats want to have IRS agents track your bank account transactions,” House Republican Whip Steve Scalise said.
“This was never just about the ‘millionaires and billionaires,’” he added, mocking Senator Bernie Sanders’ oft-repeated line about having the wealthy pay more in taxes.
“The IRS targeted conservatives during the Obama Administration,” Ohio Republican Congressman Jim Jordan said.
“Now they want to track your bank transactions during the Biden Administration. Whatever happened to privacy?”
As Congressman Jordan pointed out, the IRS has a history of using its power to harass pro-life and conservative groups.
It targeted pro-life groups and Tea Party organizations for extra scrutiny during the Obama administration.
The tax agency agreed to pay the National Organization of Marriage a settlement of $50,000 for leaking its tax return information to homosexual activist group Human Rights Campaign in 2014.
But having a Republican in the White House cannot alone stop bureaucrats from keeping a close eye on what churches say concerning political issues.
“The Internal Revenue Service of the US has issued a warning to churches that it will not wait until tax return time to go after churches that the agency judges to be indulging in political campaigning,” LifeSiteNews reported in 2006.