Senators ramp up opposition to IRS reporting plan

Congressional pushback against the reconciliation package’s ICBA-opposed IRS reporting proposal continued with commentary from Senate leaders.

What’s New: In an op-ed running throughout Kentucky, Senate Majority Leader Mitch McConnell (R) said the proposal would threaten consumer privacy while burdening community banks. Separately, Sen. Tommy Tuberville (R-Ala.) issued a news release citing ICBA’s support for his bill to block the plan.

Campaign: ICBA continues calling on community bankers to use its customizable email and social media content to urge consumers to contact Congress in opposition to the plan, which an ICBA poll found 67% of voters oppose.

Call Alert: In addition to the consumer campaign, community bankers can call their lawmakers using an ICBA call alert and customizable script.

Press Hits: The ICBA-led consumer campaign has generated substantial coverage in recent days, including in the Wall Street Journal, Glenn Beck Program, Bloomberg, Newsweek, and more.