I sent a form letter sponsored by small banks of america to my senator. The bank is concerned about the excessive burden extra IRS reporting will create for them. I'm concerned as well, because extra reporting always causes extra paperwork for me as well.
My senator's response:
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The full text of his response:
My Reply:
There can be no mistake that those in power intend to milk every last one of us for everything they can. Monetarily, it's already a negative sum game considering how many extra people will they have to hire to monitor the citizens to this degree: That alone will blow the budget for any meager amount they may be rubbing their hands together hoping to eek out of us.
They refuse to even consider reducing their spending, but instead scheme on ways to collect more in taxes. The plan will affect every single business and every single non-government employee.