Republicans Push Back as Yellen Defends IRS Snooping Into Bank Accounts

Republicans Push Back as Yellen Defends IRS Snooping Into Bank Accounts
Treasury Secretary Janet Yellen attends a House Financial Services Committee hearing in Washington on Sept. 30, 2021. Al Drago/Pool via Reuters
Joseph Lord
Updated:

Secretary of the Treasury Janet Yellen defended the Democrats’ plan to allow the Internal Revenue Service (IRS) to retrieve Americans’ personal information from their banks, a plan Republicans have criticized since news of the proposal became public.

Since the introduction of their reconciliation package, Democrats have insisted that the legislation won’t add to the debt or the deficit, claiming that all new spending will be paid for.

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