Economics/Class Relations

Nebraska becomes the first state to say they will NOT comply with Biden’s snooping plan to have banks report every transaction over $600 to the IRS

More pan-secessionism in action. So far this hasn’t passed.

By Morgan Phillips, Politics Reporter For Dailymail.Com

  • ‘If the Biden administration sues me, we will take it all the way to the Supreme Court,’ state treasurer John Murante said 
  • The proposal, backed by $79 billion in additional funding, would allow the IRS to peer into the aggregate inflows and outflows of a bank account over $600
  • Murante said he believes other states would also refuse to comply
  • Sen. Cynthia Lummis on Tuesday tore into Treasury Sec. Janet Yellen on Tuesday for her support of the proposal: ‘Banks do not work for the IRS’

Nebraska is already promising to defy a Biden proposal that would require banks to hand over data on transactions over $600 on individual bank accounts to the IRS.

‘My message is really simple. The people of Nebraska entrusted me to protect the privacy of these accounts and I am not going to comply with this. If the Biden administration sues me, we will take it all the way to the Supreme Court. We are going to fight every step of the way,’ state treasurer John Murante told FOX Business.

The proposal, backed by $79 billion in additional funding, would allow the IRS to peer into the aggregate inflows and outflows of a bank account over $600.

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