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Treasury Secretary Janet Yellen is defending a Biden administration proposal that would require banks to report data to the Internal Revenue Service on transactions over $600, calling the collection of information “routine,” after taking heat for the idea that is widely seen as an unprecedented invasion of privacy.
Invasion of privacy is now routine. Watch the video and decide for yourself. My soapbox is not tall enough, and frankly, nobody seems to care. We're so distracted, it's easy to paint everyone into a corner. Patriot Act lowered the disclosure amount from $10,000 to $3,000. Now they propose $600?
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