reminder this week that all americans selling goods and services through sites like venmo and paypal will now have to report transactions of at least $600. before this year the filing form for 1099 k report was $20,000. but congress slashed the limit as part of the american rescue plan. now lawmakers have introduced bipartisan legislation to reverse the change. here to react americans for tax reform grover norquist. what's the significance of this? i'm seeing a lot, but you are the expert. >> this is a massive increase in the paperwork for all americans. if you use ebay or venmo or facebook marketplace, or stub hub or paypal, this is going to effect you. and if you clean out your garage and sell stuff for $1,000, unless you have the receipts, for what you originally paid, i are going to lose money you without although money for much more, you are now selling it second hand, you get $1,000.
>> lawrence: this is what you are going to hear a lot for today. as you know it is big for republicans on election day. they haven't quite mastered the early voting system. this is a new system, so we are wondering what is going to happen today? will people still show up in spite of the rain? i will send it back to you guys in new york. >> steve: that's right. that could put a damper on things a little bit. lawrence jones live in georgia where the polls open in exactly 22 minutes. meanwhile, still ahead, a new irs rule will force americans to report venmo or paypal transactions as little as $600. anything over that and while it's only meant to apply to maul businesses, our next guest warns innocent taxpayers are going to fall victim to it. >> ainsley: the president of americans for tax reform coming up next. ♪ >> steve: rover. ♪ ♪ it's what sanctuary could look like...