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Politics GOP group uses IRS proposal to target vulnerable House Democrats

22:55  27 october  2021
22:55  27 october  2021 Source:   washingtonexaminer.com

White House: Opposition to IRS snooping proposal driven by top 1% and lazy banks

  White House: Opposition to IRS snooping proposal driven by top 1% and lazy banks The White House is contending opposition to its tax enforcement proposals, targeting amounts as small as $600, is based on banks being too lazy to deal with the extra paperwork. © Provided by Washington Examiner The tax enforcement measures are aimed at helping pay for President Joe Biden's social welfare and climate spending package. The focus is on the wealthy rather than people with small bank accounts, according to White House press secretary Jen Psaki.

A Republican group aligned with House Minority Leader Kevin McCarthy is launching fresh attack ads against two vulnerable Democrats, using a Democratic proposal to increase government oversight of financial transactions to highlight their ethics woes.

Kevin McCarthy wearing a suit and tie © Provided by Washington Examiner

In fresh television spots shared first with the Washington Examiner, American Action Network, a political nonprofit organization, is going on television criticizing Reps. Tom Malinowski of New Jersey and Susie Lee of Nevada in a bid to boost GOP efforts to recapture the House majority in 2022 and make McCarthy the speaker.

Democrats narrow scope of IRS proposal amid GOP attacks

  Democrats narrow scope of IRS proposal amid GOP attacks Democrats on Tuesday narrowed the scope of a proposal to increase the amount of information the IRS receives about bank accounts, amid a massive lobbying effort against the proposal from banks and Republicans that threatens to jeopardize its prospects.Democrats are seeking to blunt the attacks, stressing that the proposal is aimed at strengthening the IRS's ability to enforce tax laws against wealthy tax cheats."Despite what opponents say,Democrats are seeking to blunt the attacks, stressing that the proposal is aimed at strengthening the IRS's ability to enforce tax laws against wealthy tax cheats.

Both Democrats represent swing districts that could fall to the Republicans in the midterm elections.

CRUZ ACCUSES GARLAND OF WEAPONIZING JUSTICE DEPARTMENT IN HEATING HEARING

“It takes serious gall for Tom Malinowski and Susie Lee to demand working Americans turn over their financial records while hiding their own finances from public view,” American Action Network spokesman Calvin Moore said. “Just another example of Washington liberal elites living above the rules while shaking down the working class for every penny they have left.”

American Action Network is highlighting a Democratic proposal circulating on Capitol Hill that would increase Internal Revenue Service scrutiny of the public's banking transactions and accusing Malinowski and Lee of engaging in a double standard — hiding their own financial transactions while insisting the public submits to even more scrutiny from the federal government. Sen. Joe Manchin of West Virginia, a centrist Democrat, has effectively declared the proposal dead, but it's still likely to appear in GOP-aligned campaign commercials.

Washington Post fact-checker goes to bat for IRS spying proposal

  Washington Post fact-checker goes to bat for IRS spying proposal The "fact-checking” genre is one of the most reliably dishonest and worthless forms of journalism. © Provided by Washington Examiner The Washington Post published a fact-check this week flunking Republican Sens. Mike Crapo of Idaho and John Kennedy of Louisiana for accurately criticizing the Biden administration’s since-amended proposal to empower the IRS to collect data on all bank accounts that see more than $600 in annual transactions. This is not a lie or hyperbole. The White House absolutely did propose this.

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Malinowski and Lee have faced House Ethics Committee inquiries for failure to disclose financial transactions properly, including stock trades, as required under federal law.

Both have denied wrongdoing or an intent to deceive and said they were working to ensure they filed all disclosures and complied with the law. Malinowski told the New York Times that his failure to report was a result of "carelessness."

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Tags: News, Campaigns, 2022 Elections, Kevin McCarthy

Original Author: David M. Drucker

Original Location: GOP group uses IRS proposal to target vulnerable House Democrats

21 House Democrats Condemn Plans for IRS to Monitor Bank Accounts .
The Democrats said the proposal could create a "significant burden and potential unintended consequences."The Democrats sent a letter on Wednesday to Speaker of the House Nancy Pelosi and Representative Richard Neal, chairman of the House Ways and Means Committee.

usr: 0
This is interesting!