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Does Biden proposal allow IRS to spy on your bank account?

The Biden administration is proposing to require banks to annually report to the IRS money going into and out of personal and business accounts totaling at least $600 to catch tax cheats. Republicans, including Utah State Auditor John Dougall, argue it would be an invasion of privacy.

Is this Biden proposal a way to spy on your bank account — or catch tax cheats?

Is this Biden proposal a way to spy on your bank account — or catch tax cheats?
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