Huh? The government has always had near instantaneous access to financial records. The systems are literally designed for it.
The truth is somewhere in the middle. Yes, the government does have access to your financial records in the sense that they can get anything like that anytime they need.
But the bill does sort of monitor your account more and that’s what some people don’t like about it. Basically, most accounts, they will start to monitor your total deposit and credits for the year, not every transaction or every transaction over $600 like some have reported. Rather any account that’s worth $600 or more, your total deposits and credits for the year will be reported by financial institutions to the IRS. This is the change that some people don’t like.
An analogy would be, that the government has access to your phone records at anytime but generally don’t monitor them unless it’s a reason, and one day they said we not gonna monitor individual calls, but the phone companies will have to report your total number of incoming and outgoing calls every year.
But anyway, the crazy part about this thread is, it’s one post in the OP and it literally says nothing about Trump
