The plan of President Joe Biden to spy on American bank transactions is The final version of this massive bill is “likely to disappear” says Sen. Joe Manchin (D–W.Va.
While speaking at an event on Tuesday, Manchin criticized the proposal to mandate that banks report all transactions of at least $600 to the IRS. Biden suggests the idea in an attempt to increase tax compliance for wealthy Americans. However, the ultimate goal of the proposal seems to be to create a financial surveillance network that could determine whether Venmo transaction payments have resulted in you paying taxes.
“Do you realize how ridiculously messed-up that is?” According to Manchin, he said that he had told Biden. PoliticoThis is not possible. It cannot happen. This is a bad idea.
Democrats have been discussing raising the threshold to $600 from $10,000 to try to bring the camel under the tent. You can read more about it here There are reasonsMatt Welch, a member of the strategy’ group pointed out that this is not comforting as $10,000 is how someone who earns minimum wage in New York City in four months.
Manchin is crucial for Democrats to get the Build Back Better plan passed through the 50-50 Senate. His vote means that the Democratic Party has to win his support.
Reporting from the Bank @Sen_JoeManchinClarified with me, he opposes bank reporting regardless of what threshold. “No one should ever be in any other bank account”
— Erik Wasson (@elwasson) October 26, 2021
Banks and businesses oppose the idea, fearful of being required to fill out more paperwork. Biden received a request from 98 trade associations, representing broad sections of America’s economy to abandon the bank-reporting program. This is an important expansion of IRS’s authority, which, once established is certain to expand rather that roll back,” they wrote.
Manchin, given the Senate’s current composition, is probably the most prominent Democrat to oppose the idea. It’s worth noting that Manchin isn’t the only one who opposes this idea. Rep. Charlie Crist (D–Fla.) opposes the IRS reporting plan, and Rep. Abigail Spanberger (D–Va.) It could jeopardize the privacy rights of my constituents without any tax law enforcement purpose. Sen. Jon Ossoff (D–Ga.) saysHe has also expressed concerns over the security and privacy of bank-reporting regulations.
What will be left in the bill? That’s up to you.
Sen. John McCain reports that the Dems expect to reach a settlement on a framework agreement by tomorrow’s end.
They were then informed that key issues had not been resolved at lunch
(3) Family leave paid
Ds also say that Climate isn’t resolved, but they’re moving closer
— Manu Raju (@mkraju) October 26, 2021
Democratic leaders are hopeful that Congress will hold a vote to approve Biden’s Build back Better package. This is before President Obama jets off to Rome on Monday.
Mort Sahl was a political humorist who helped make Bill Maher and Lenny Bruce laugh. He died in 1994.
Start at The New York TimesThe’Obituary
It was hard to find his own political views. Even though the left tried to take him in, particularly early on, it was not possible. He could also be crudely sexist. And, even though he believed in civil rights, his temper was sharp against the knee-jerk liberal doctrines on the topic. He was friends with many politicians, including Eugene McCarthy and Stevenson. Ross Perot was his favorite candidate; he supported Sarah Palin and gave praise to Ron Paul; Barack Obama’s presidency was something he doubted and he was just as critical of Hillary Clinton.
“Are you aware of any other groups that I don’t offend?” He would ask the question from the front row. He was, in other words, an absolute iconoclast.
“If you were alone on the planet, you would be the one to strike,” he said once. That’s what I do.
Twitter exploded with tributes for Sahl Tuesday night
RIP Mort Sahl. All that he did was invent modern American political comedy. Periscope still allowed him to do great stand-ups until recently. He was well-known for his snarky wit but was also a great joke writer.
— Harry Shearer (@theharryshearer) October 26, 2021
If you hold a steady political position, then you will be tried and convicted of treason. R.I.P. Mort Sahl at 94.
— Walter Olson (@walterolson) October 27, 2021
So-called sin taxes, such as the ones levied on alcohol or tobacco, are paid overwhelmingly by lower income, less educated households. a new study concludes:
• The Food and Drug Administration’s advisory panel voted in favor of letting kids ages 5 to 11 get the Pfizer COVID-19 vaccine.
• Clinical trials show the vaccines to be very effective for children, though nothing can stop kids from being kids:
There were 5 adverse events in vaccine clinical trials. A 5-year-old boy swallowed one penny. This is what you would expect in a vaccine trial. https://t.co/W22vIlN0l4 pic.twitter.com/laihy499kP
— Yair Rosenberg (@Yair_Rosenberg) October 26, 2021
• Nine months before Rosa Parks’ more famous protest, Claudette Colvin refused to give up her seat on a bus in Montgomery, Alabama. She’s still on probation for that “crime,” though that might change this week.
• The White House might impose fines of $100 per container per day on companies responsible for the empty shipping containers clogging some ports, because that will It is certainHelp.
• Meanwhile, protectionism is contributing to a coming shortage of milk, butter, and cheese:
Fortunately, the USMCA lets us import butter freely from Canad- oh right https://t.co/36WbvDYfAq pic.twitter.com/yWA1j3esEU
— Scott Lincicome (@scottlincicome) October 27, 2021
• Cigarette sales in the U.S. rose in 2020 after years of steady decline. The government’s vaping war seems almost a terrible idea.
• The annual reminder: No one is wasting their drugs on your kids’ Halloween candy.