Loading...

"The initial version of the Democrats’ proposal would have required financial institutions to provide the IRS with two new figures every year..." - Hallo friend WELCOME TO AMERICA, In the article you read this time with the title "The initial version of the Democrats’ proposal would have required financial institutions to provide the IRS with two new figures every year...", we have prepared well for this article you read and download the information therein. hopefully fill posts Article AMERICA, Article CULTURAL, Article ECONOMIC, Article POLITICAL, Article SECURITY, Article SOCCER, Article SOCIAL, we write this you can understand. Well, happy reading.

Title : "The initial version of the Democrats’ proposal would have required financial institutions to provide the IRS with two new figures every year..."
link : "The initial version of the Democrats’ proposal would have required financial institutions to provide the IRS with two new figures every year..."

"The initial version of the Democrats’ proposal would have required financial institutions to provide the IRS with two new figures every year..."

"... the total inflows and outflows for any bank account with more than $600 in annual deposits or withdrawals, 'with a breakdown for physical cash, transactions with a foreign account, and transfers to and from another account with the same owner.' The requirement would apply to all business and personal accounts at financial institutions. After Republicans raised concerns that the $600 minimum would sweep up almost all Americans, Democrats raised the proposed threshold to $10,000.... Republican senators including Crapo and Kennedy claimed that under the Democrats’ tax enforcement plan, the IRS would be snooping on the sensitive financial details contained in Americans’ bank records. The burden of proof is on the speaker, as we like to remind our readers, but in this case, no proof was supplied. In reality, the proposal is to monitor the total amount of money going in and out of any bank account with more than $10,000 of transactions in a given year, not the blow-by-blow of where and when people spend their money. And just before this GOP news conference, Democrats had curtailed their proposal to cover fewer Americans and to exempt all wages and federal benefits from the new requirements. These claims earn Three Pinocchios."

From "No, Biden isn’t proposing that the IRS spy on bank records" by WaPo Fact Checker Salvador Rizzo.

I don't see how you get "Pinocchios" when your criticism is undermined by causing your adversary to change their proposal! And I don't see why you get "Pinocchios" for failing to supply proof. The Fact Checker ought to come up with proof that the statement-makers knowingly said something false before assigning all those "Pinocchios." 

By the way, that headline screams partisan politics. When I clicked on that headline, I didn't think I was going to end up at a Fact Checker column. But they got my click, and I'm sure they got lots of other clicks, so I should expect more of this sort of thing in the future.

Loading...

"... the total inflows and outflows for any bank account with more than $600 in annual deposits or withdrawals, 'with a breakdown for physical cash, transactions with a foreign account, and transfers to and from another account with the same owner.' The requirement would apply to all business and personal accounts at financial institutions. After Republicans raised concerns that the $600 minimum would sweep up almost all Americans, Democrats raised the proposed threshold to $10,000.... Republican senators including Crapo and Kennedy claimed that under the Democrats’ tax enforcement plan, the IRS would be snooping on the sensitive financial details contained in Americans’ bank records. The burden of proof is on the speaker, as we like to remind our readers, but in this case, no proof was supplied. In reality, the proposal is to monitor the total amount of money going in and out of any bank account with more than $10,000 of transactions in a given year, not the blow-by-blow of where and when people spend their money. And just before this GOP news conference, Democrats had curtailed their proposal to cover fewer Americans and to exempt all wages and federal benefits from the new requirements. These claims earn Three Pinocchios."

From "No, Biden isn’t proposing that the IRS spy on bank records" by WaPo Fact Checker Salvador Rizzo.

I don't see how you get "Pinocchios" when your criticism is undermined by causing your adversary to change their proposal! And I don't see why you get "Pinocchios" for failing to supply proof. The Fact Checker ought to come up with proof that the statement-makers knowingly said something false before assigning all those "Pinocchios." 

By the way, that headline screams partisan politics. When I clicked on that headline, I didn't think I was going to end up at a Fact Checker column. But they got my click, and I'm sure they got lots of other clicks, so I should expect more of this sort of thing in the future.

Thus articles "The initial version of the Democrats’ proposal would have required financial institutions to provide the IRS with two new figures every year..."

that is all articles "The initial version of the Democrats’ proposal would have required financial institutions to provide the IRS with two new figures every year..." This time, hopefully can provide benefits to all of you. Okay, see you in another article posting.

You now read the article "The initial version of the Democrats’ proposal would have required financial institutions to provide the IRS with two new figures every year..." with the link address https://welcometoamerican.blogspot.com/2021/10/the-initial-version-of-democrats.html

Tweet

Subscribe to receive free email updates: