Since October 7, 2023, our strongest ally in the Middle East, Israel, has withstood various terrorist attacks from Iran and its proxies, including Hamas, Palestinian Islamic Jihad, Hezbollah, and others. Instead of standing by Jerusalem, the Biden-Harris...
NOTICIAS
Últimas Noticias
Rubio: “The Court is Right: Algorithms Should Not Enjoy Section 230 Protections”
TikTok was recently sued after a 10-year-old girl died from taking part in a viral challenge that dared users on the app to choke themselves until they passed out. Courts have historically protected social media companies over user-generated content due to...
Rubio, Moolenaar Demand Communist China-linked Battery Company Be Blacklisted
Contemporary Amperex Technology Limited (CATL) is an electric vehicle battery company with deep ties to the Chinese Communist Party and its armed wing, the People’s Liberation Army (PLA). Reliance on, and use of, CATL batteries threatens U.S. national security as it...
Rubio: Communist China Making a Mockery of Biden-Harris Administration
Despite the serious threats the Chinese Communist Party poses to the United States and our allies, National Security Advisor Jake Sullivan is in the midst of a three day visit with Chinese Foreign Minister Wang Yi in another embarrassing attempt to “lower tensions”...
Rubio Calls on John Deere to Prioritize American Workers
John Deere, the world’s largest tractor manufacturer, is a staple of American business and a crucial supplier for the hard working Americans who grow our food. Recently, after receiving public backlash, John Deere ended several ridiculous Diversity, Equity, and...
Rubio Y Colegas: Esto No Se Trata de Ideología Política, Se Trata de Defender la Voluntad del Pueblo Venezolano
Hace casi un mes, el pueblo venezolano votó por Edmundo González Urrutia como su presidente electo. Ayer, el Tribunal Supremo de Justicia del narco-régimen de Maduro optó por legitimar el fraude electoral de la dictadura. Los senadores estadounidenses Marco Rubio...
Rubio, Hagerty, Colleagues Introduce Legislation to Reverse IRS Snooping of Third-Party Payment Platforms
Washington, D.C. — U.S. Senators Marco Rubio (R-FL), Bill Hagerty (R-TN), and Republican colleagues introduced the Stop the Nosy Obsession with Online Payments (SNOOP) Act. The bill would undo a provision included by the Biden Administration in the American Rescue Plan (ARP) that requires third-party payment platforms to report businesses’ gross transaction volumes totaling more than $600 to the Internal Revenue Service (IRS).
Prior to the ARP, payment providers were only required to report information when a payee had over 200 commercial transactions per year that exceeded $20,000. As a result of the new provision, thousands of small businesses will have to fill out 1099-Ks to provide their personal information to the IRS, despite the IRS’ poor history of safeguarding Americans’ personal data.
“The Biden Administration’s total disregard for privacy has to be stopped,” Rubio said. “There is no reason that the IRS should be putting Americans’ confidential transactions under a microscope. I will continue to fight for taxpayer privacy and push back against this gross overreach of federal power.”
“The Biden Administration is relentless in their attempt to invade the privacy of Americans’ lives and finances,” Hagerty said. “It is regrettable that this Administration insists on advancing their perilous and oppressive political agenda to the detriment of taxpayers’ privacy, heedless of their failed track record of protecting Americans’ confidential data. It is past time we stand up for our small business owners and say ‘no more snooping’ to this Administration’s egregious and unwarranted overreach.”
Click here for a full list of quotes from cosponsors.
Last year, Rubio joined several of his Republican colleagues in introducing the Prohibiting IRS Financial Surveillance Act, a bill to prevent the IRS from implementing Democrats’ plan to give the agency access to transaction information of virtually every American.
Background:
- Earlier this month, the Washington Examiner reported that third-party payment processors, like Venmo and PayPal, will be required to report these business transactions.
- Over the past year, Democrats have used the IRS to target conservative political organizations, religious organizations, and wealthy Americans to further their political agenda.
- Although the effort ultimately failed, the Biden Administration attempted to force banks to report data on all bank accounts with more than $600 in annual transactions, which would have allowed them to pry even further into Americans’ lives.