President Joe Biden receives an economic briefing with Treasury Secretary Janet Yellen in the Oval Office at the White House in Washington, on Jan. 29, 2021. (Kevin Lamarque/Reuters) Congressional leadership has cut a controversial program from their new budget bill that would have allowed the IRS to gain unprecedented information from Americans’ bank accounts after the measure drew bipartisan criticism.
The program would have expanded the IRS’s ability to look into the details of Americans’ bank transactions. Originally, the IRS would have been able to gain information on all accounts with inflows and outflows of more than $600 per year.
Republicans […]
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