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All transactions. david: laura, how do you deal with the fact that there's no probable cause, this is throwing out a big net and trying to catch anybody that falls into it? >> we're not in a criminal court here and by the way if you're a w-2 employee which the majority of middle class employees are, getting a paycheck every month and going to the bank, if you're getting social security, the governor knows. the surveillance talk by that standard then we'd have no irs and no ability to monitor income. this is just a way to catch the people that are moving money around. >> what about the small bu...

That's going to help democrats politically? >> here is who i think it's going to help. it's 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 that's not going to our veterans, not going into our classrooms, not helping our first responders, and not helping our moms and dads. we need to make sure that we get those dollars, and that's why the biden administration is increa...

There are reporting that. we are talking about high net worth individuals were not paying their taxes they owe and that's 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 $10,000 a year. the poverty rate for a family of four's $26,000 a year and yet treasury secretary ja...

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 invasion of privacy, even the bank's lobbied against it. so now the threshold has been raised to $10,000...

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