The revenue portion of the plan shows the framework doubles funding the for IRS.
Previously, Democrats and the White House proposed allowing the IRS to monitor bank account transactions of $600. After outrage and criticism, that number was increased to $10,000. This week. Democrat Senator Joe Manchin said he told Biden the idea was “screwed up.”
“They were never enabled to go into bank accounts of an average individual. I told him, the president and I had this conversation,” Manchin said during a speech Tuesday. “I said, ‘Mr. President, I don’t know who put this out and how it got screwed up — when they said basically we’re going to start looking at $600 transactions — even if it is $10,000 dollars, that’s only $800 or $900 [per month].”
House Republicans are fighting back.