Oct 19 2021
WASHINGTON – U.S. Senator Jerry Moran (R-Kan.) today spoke during a press conference on the Democrats’ proposal to expand the scope of the Internal Revenue Service (IRS), allowing it unprecedented authority to review individual financial accounts.
“The reaction by Kansans to this proposal is exactly the right one: this is a terrible intrusion in our lives, our families’ lives and our businesses,” said Sen. Moran. “A banker in Paola told me, ‘it’s not even law yet, and I’ve had customers closing their accounts.’ Kansans do not want the federal government to have more information and intrude upon their privacy. In addition, the cost of complying will mean our small financial institutions in Kansas will have the burden of more regulations forced upon them.”
Click HERE to Watch Sen. Moran’s Full Remarks
Items to Note:
- Earlier this month, Sen. Moran spoke on the Senate floor in opposition to this proposal, highlighting how it will intrude on the privacy of working Americans.
- Last month, Sen. Moran cosponsored the Tax Gap Reform and Internal Revenue Service (IRS) Enforcement Act to protect taxpayers against this invasive proposal.
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