The $10,000 IRS Tax Dragnet - WSJ Opinion

Recall how liberals howled about the National Security Agency antiterror program that required telecom companies to share phone metadata with the feds. Now Democrats want financial institutions to help the tax collector track your cash flow.

It’s a warrantless search, a massive government seizure without probable cause.

This bill is full of terrible tax ideas: killing the backdoor Roth, taxes on unrealized gains (hello!), on and on and on.