The minority leader told reporters, “While [Democrats] grandstand about taxing the rich, they have created a new IRS surveillance program designed to target low- and mid-income earners.” “Especially,” McCarthy added, the program would target “[those who] rely on tips to make [a] living.” Often, tips are given in cash, making them untraceable by the IRS. Under the new program, the IRS would be able to track these tips through transaction data. He continued, “President Biden wants to hire 1,000s of new IRS bureaucrats and give them the authority to snoop into your bank account to monitor every single transaction you make: no warrants, no permissions, no limits.”
