Likely voters despise plan to require banks report transactions over $600 to IRS

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Most likely U.S. voters are concerned with legislation requiring banks to report data to the IRS on transactions over $600.

According to a recent Rasmussen Reports national phone and online survey, 69 percent of likely voters oppose the legislation, including 55 percent who strongly oppose the proposed law.

Just 23 percent of voters said they support the proposal, which is part of President Joe Biden’s Build Back Better plan.

Speaker Nancy Pelosi said earlier this week requiring banks to report transactions over $600 to the IRS is necessary due to people breaking the law and not paying their taxes. Only 28 percent of voters agree with Pelosi while 66 percent disagree.

Eighty-two percent of Republicans oppose the legislation. Seventy-six percent of unaffiliated voters and even 52 percent of Democrats are also opposed.

Author: Jacob Hall