What can we reason but from what we know? -Alexander Pope
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Letter to the Editor, Congress — don’t give the IRS access to consumers’ bank accounts. Credit unions and banks across the country are jointly opposed to an item being considered as part of the proposed $3.5 trillion reconciliation bill. The bill may include a provision requiring credit unions and banks report to the IRS the account transactions (deposits or withdrawals) of accounts that hold more than $600. What does this mean for you, the consumer? An invasion of your privacy and potential additional taxes. This proposed fishing exped...