(FixThisNation.com) – A new GOP bill currently on the Congress floor would block the Internal Revenue Service (IRS) from looking into Americans’ online transactions over $600.
California Rep. Michelle Steel and Tennessee Sen. Bill Hagerty, brought forth the Stop the Nosy Obsession with Online Payments (SNOOP) Act to both the House and the Senate on Tuesday. With this new act, Americans would no longer be required to report any transaction they made online for more than $600.
Steel noted in regard to the act that the Biden administration should not be allowed to target American taxpayers. She added that this Act would help ensure that bureaucracy did not make its way to families who were just trying to live their lives or who had to sell their household items in order to cover their bills. She continued by saying that the IRS should not have the power to overstep and not provide Americans with the privacy they have a right to.
Hagerty also told Fox News Digital that the Biden administration continued to try to invade the privacy of the American people. He added that it is time for Congress to stand behind small business owners and help them fight off the IRS’ overreach.
If the bill passes, parts of President Biden’s American Rescue Plan Act that require both gig workers and small businesses to report all transactions over $600 on PayPal and Venmo to the IRS would be rescinded. Under the new GOP bill, only those with more than 200 transactions that amount to over $20,000 would need to report the transactions.
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