Dear Patriot,
The government is famous for taking a mile (or more) when you give them an inch. Case in point is their latest
attempt to get into our personal lives without proper authority or reason. As a part of the
multi-trillion dollar reconciliation bill before Congress now, President Joe Biden and Treasury Secretary Janet Yellen were pushing for an alert from
banks to the IRS for any account with gross annual inflows and outflows of $600 or more in a year.
As if the IRS wasn’t intrusive enough, as we at Campaign for Liberty have first-hand experience with when they
tried for years to get the names of our donors, they keep going for more. Now they
want to stick their noses in nearly every single active bank account in the country.
Enough is enough! After pushback from Republicans in Congress and banks who
would be faced with the task of reporting this information on their customers to the IRS, Biden and Yellen backed down . . . just a little bit. Their new number for banks to report is $10,000 per year.
But this is far from good enough – the entire plan needs to be scrapped.
Sign the petition to your U.S. Senators TODAY to demand
they ditch ANY unconstitutional reporting threshold and keep the IRS snoops OUT of our private accounts.
Sen. Ron Wyden (D-OR) told reporters, "This is about wealthy business
owners at the tippy top of the top.” So he’s saying someone with $10,000 or more of
annual inflow and outflow from their bank account in a given year is at the “tippy top of the top” of Americans?
That number is not even enough to cover the annual cost to rent an average studio
apartment ($929/month) according to Statista.com. Yellen put out a statement that
"today’s new proposal reflects the Administration’s strong belief that we should zero in on those at the top of the income scale who
don’t pay the taxes they owe, while protecting American workers by setting the bank account threshold at $10,000 and providing an exemption for
wage earners like teachers and firefighters." Under the guise of catching tax cheats at
the “tippy top of the top,” Biden, Yellen, and other pro-taxers want your bank to report you to the IRS because you might not be paying
your “fair share.” What they are all ignoring is this pesky thing called
the United States Constitution which protects Americans from this sort of thing without a proper reason, probable cause, and a warrant.
Sign the petition to your U.S. Senators TODAY to demand
they ditch ANY unconstitutional reporting threshold and keep the IRS snoops OUT of our private accounts. The Fourth Amendment states, “The right of the people to be secure in
their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no warrants shall issue, but upon
probable cause, supported by oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized.”
So it doesn’t matter whether the reporting threshold is $600, $10,000, or $25 billion. If
the government wants your bank to report on you, they need to provide a good reason and probable cause to ask for and access your personal and private
information. For Liberty, John
McCardell Executive Director P.S. The IRS will stop at nothing to
meddle in the affairs of businesses in an attempt to bring them down. They even did it to Campaign for Liberty for years! Their latest scheme to
monitor bank accounts of millions of Americans who’ve done nothing wrong and are accused of no wrongdoing needs to be shut down by Congress
immediately. Sign the petition!
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The mission of Campaign for Liberty is to promote and defend the great American principles of individual liberty, constitutional government,
sound money, free markets, and a constitutional foreign policy, by means of education, issue advocacy, and grassroots mobilization.
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