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'Sends Shivers Down The Spine': Tim Scott Attacks Democrats' New IRS Proposal

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Published on 20 Oct 2021 / In News and Politics

Sen. Tim Scott slams a Biden administration proposal requiring financial institutions to report more information about bank accounts to the IRS, in cases where the accounts had more than $600 in withdrawals and deposits in a year. Senate Democrats are planning to increase that threshold to $10,000 and exempt wage income, a Democratic aide told The Hill.

READ MORE: http://hill.cm/c4zPeOt

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