Britt: Joe Biden’s administration continues on track of reckless overspending and dictatorial overruns

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Joe Biden’s administration continues on the path of reckless overspending and dictatorial overruns, and the American people are ultimately paying the price.

The fight continues in Washington, DC right now over the Democrats’ proposed $ 3.5 trillion spending boondoggle, which would further exacerbate the inflation that is already hurting working families in Alabama across the board.

However, unnecessary spending isn’t the only disastrous part of Biden’s plan.

The same law would turn the IRS into the Big Brother, giving the federal government the ability to monitor money entering and leaving every US financial account with an annual total of $ 10,000 or more in transactions.

To break this down, it effectively means spying on every bank or credit union account of the Alabamians who work in our state. If you earn more than $ 10,000 a year and put that money into your account for even a day, your financial institution will be required by law to report this information to the IRS.

If you earn or spend an average of $ 28 a day, you will be in the crosshairs of the IRS. Forget about monthly expenses like mortgages, rent or bills; Just add $ 3 for a cup of coffee, $ 5 for your daily commute, $ 8 for lunch, and $ 12 for a family dinner, and you’re already at the doorstep.

The bill would also cover third-party payment services that people use every day, like Venmo or CashApp. There is no conclusion to be drawn as to why Biden would want to access your Venmo account other than to extend the power of the IRS and spy on ordinary Americans. The average Venmo transfer amount is $ 60, with over 7 million Venmo users alone in the 18-34 age range.

Millions of Americans not suspected of cheating on their taxes or any other wrongdoing would see their Fourth Amendment rights thrown out the window by Biden’s plan, on top of the unprecedented invasion of privacy the proposal represents. .

Do you think that’s an exaggeration? Democrats in Washington want to hire an army of 85,000 new IRS agents to execute their plan.

The proposed requirements would also put economic pressure on local communities in all corners of our state. Local banks, credit unions and other financial institutions would face significant new compliance costs and regulatory red tape under the proposal, putting Alabama jobs in community pillars at risk. statewide.

I have been proud to drum up against this proposal over the past few months, and it is heartening to see more and more people joining us to fight this nonsense.

However, we cannot relax now. The pressure has increased on the Biden administration and its allies in Congress, and we must continue to make our voices heard loud and clear until this proposal is dead and buried.

The protection of individual freedoms and privacy is crucial for Alabamians and all Americans, and I will fight tirelessly for these rights in the United States Senate.

Katie Britt is a Republican candidate to become the next US Senator from Alabama. A native of Enterprise, Katie resides in Montgomery with her husband, Wesley, and their two children, Bennett and Ridgeway.


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