Oct 20, 2021 9:00 AM

🎥Moran: Dems' IRS proposal threatens privacy, security of Kan. banks

Posted Oct 20, 2021 9:00 AM
Moran said, "The reaction by Kansans to this proposal is exactly the right one: this is a terrible intrusion in our lives, our families’ lives and our businesses,”
Moran said, "The reaction by Kansans to this proposal is exactly the right one: this is a terrible intrusion in our lives, our families’ lives and our businesses,”

WASHINGTON – U.S. Senator Jerry Moran Tuesday spoke during a press conference on the Democrats’ proposal to expand the scope of the Internal Revenue Service (IRS), allowing it unprecedented authority to review individual financial accounts.

“The reaction by Kansans to this proposal is exactly the right one: this is a terrible intrusion in our lives, our families’ lives and our businesses,” said Sen. Moran. “A banker in Paola told me, ‘it’s not even law yet, and I’ve had customers closing their accounts.’ Kansans do not want the federal government to have more information and intrude upon their privacy. In addition, the cost of complying will mean our small financial institutions in Kansas will have the burden of more regulations forced upon them.”