Democrats Now Say They Will Only Snoop on Bank Transactions Over $10,000

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Assessment: “Marx is on our doorstep right now,” Senator Kevin Cramer (R-ND) said. “It shouldn’t surprise us that [Democrats] have got the boldness to do this.”

In response to pressure from the Republican Party and the banking industry, Democrats have decided to scale back their original plan to have all bank transactions over $600 to be reported to the IRS. Instead, the cap has been raised to $10,000.

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