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Manchin: IRS reporting requirements likely 'going to be gone' from spending bill

1 month ago   |   By Politico

Sen. Joe Manchin sharply criticized a proposal to force banks to report more account information to the IRS, making it much more likely that Democrats will have to drop a plan that could raise hundreds of billions of dollars for their social spending bill.
Manchin said in an interview with the Economic Club of Washington, D.C., that he had already told President Joe Biden that he was against that idea.
“Do you understand how messed up that is?” Manchin said he told the president. “This cannot happen. It's screwed up.”
“I think that one's going to be gone,” Manchin added.
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