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The Connecticut Social Equity Council has set the documentation requirements for social...

The Connecticut Social Equity Council has set the documentation requirements for social...

Gallon of gasoline, which is going supposedly going to roads. that is all of it. takes a bigger bite out of the middle and lower income people than upper income people. >> you can almost argue the lottery, too. poor people spend a lot of their disposable income between rent, child care and there is not a lot left at the end. as you said, elon musk doesnt need to purchase anything or pay sales tax. he doesnt have to buy anything. >> joy, this is interesting. what happens is if you have a huge amo...

Theres a reason the only time donald trump ever paid taxes was when he worked for the same company that i worked for, he worked for nbc and had a w-2. thats the only time he paid taxes. >> worked for nbc, right? >> what did you say? >> i said the -- [ laughter ] >> obviously, is if you were donald trump or youre elon musk or youre jeff bezos, basically, dont register that you have any income at all and by the way, this is the same thing big corporations are doing because -- >> absolutely. >> ama...

Then track peoples bank accounts, dont worry they say, if you have a work 2, let me -- a w-2, we dont know specifics they wont tell us, if you are a w-2 earner. you sell a used pickup truck for 12 thousand that will be monitored by internal revenue service. >> right. i created a bill that actually stop this actual transaction from happening, transaction is having your bank send to the irs your financial information. whether it is 600 or 10,000. it captures every single working american, if you a...

All transactions. david: laura, how do you deal with the fact that theres no probable cause, this is throwing out a big net and trying to catch anybody that falls into it? >> were not in a criminal court here and by the way if youre a w-2 employee which the majority of middle class employees are, getting a paycheck every month and going to the bank, if youre getting social security, the governor knows. the surveillance talk by that standard then wed have no irs and no ability to monitor income. ...

Thats going to help democrats politically? >> here is who i think its going to help. its going to help every teacher, every cop, every grocery worker, everybody that gets a w-2 and already has the irs up in their business. nobody likes the tax man, but i tell you what, americans want the tax man to find the tax cheats. hundreds of billions of dollars in tax money thats not going to our veterans, not going into our classrooms, not helping our first responders, and not helping our moms and dads. w...

There are reporting that. we are talking about high net worth individuals were not paying their taxes they owe and thats what this policy would propose to address. >> and other words, the biden administration is not interested in reviewing the bank accounts of w-2 employees who get paychecks because the local, state, and federal taxes have already been taken out. the worry here is about the bank accounts of small businesses and self-employed and set her at whose withdrawals and deposits exceed $...

Snoop around without a warrant to see what you are doing with your money. that is igniting a major fight on capitol hill. trace gallagher is on the case for us tonight. good evening. >> the initial plan was to have banks provide information on accounts that had annual withdrawals and deposits of $600. considering that is about the cost of six tanks of gas here in california, $600 in yearly banking activity would pretty much include everybody with a bank account. republicans called a massive inva...

A South Carolina man who was killed during World War II has finally been accounted for, military officials say.