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The head of the IRS is advocating to Congress an ICBA-opposed proposal that would require banks to report their customers’ account information to the agency—underscoring the importance of ICBA’s consumer-facing campaign opposing the plan.
Report: According to CNBC, IRS Commissioner Charles Rettig told Sen. Elizabeth Warren (D-Mass.) that the proposal would significantly reduce the gap between taxes owed and paid as Congress looks to include the plan in the pending budget reconciliation package.
Consumer Alert: While consumers have already sent tens of thousands of messages to their members of Congress via ICBA’s Consumer Alert webpage, ICBA urges more community banks to join the campaign against the IRS proposal.
Outreach Vital: ICBA is encouraging community bankers to use its customizable email and social media content and #KeepMyBankingPrivate hashtag to foster customer outreach that demonstrates widespread consumer opposition to the plan.
Details: ICBA President and CEO Rebeca Romero Rainey details the multi-faceted consumer campaign—including ICBA’s custom resources—in a post on Main Street Matters and LinkedIn.