Biden Pushes to Grant the #IRS More Power to Snoop Into Small Bank Accounts: Is it Unconstitutional?

President Joe Biden is proposing to expand the IRS by 87,000 agents and to grant it power to snoop into transactions of as little as $600. As it stands now, that threshold it $10,000. This would also extend the IRS' reach into Paypal, Venmo and other similar accounts. To add perspective to this notion, had this been proposed during Nixon's Presidency, the equal threshold to Biden's proposal would have been $100.Show more

Not only will this allow the government to come down hard on the little guy, gig worker and small businessman, its seizure and investigation practices are causing serious concerns over possible violations of the 4th Amendment. With that, there is the looming danger of the Washington leadership to do what former President Barack Obama did and use the IRS as a political weapon to come after dissidents.

On this edition of Thought to Action, a panel from the London Center for Policy Research discusses Biden's attempt at a new power grab and its potential ramifications.

Our Panel:
LTC (Ret) Tony Shaffer - President, London Center for Policy Research
Monica Crowley - Former Assistant Secretary for Public Affairs for the U.S. Department of the Treasury.
Bryan Griffin - Distinguished Fellow, LCPR
Navy Capr (ret) Pete O'Brien - Distinguished Fellow, LCPR