Rep. Ted Budd: Democrats’ $10K IRS Bank Reporting Threshold Proposal ‘Will Affect Almost Every Single American’

Rep. Ted Budd (R-N.C.), who serves on the House Financial Services Committee, said Wednesday that the Democrats’ proposal requiring banks to send IRS information on bank accounts with total annual deposits or withdrawals over $10,000 is not much better than the original proposed $600 threshold. Read Full Story