While Sen. Joe Manchin (D-W.Va.) has raised concerns about the price tag of budget-reconciliation legislation, Americans are speaking out against its pending IRS reporting provision, ICBA President and CEO Rebeca Romero Rainey writes in a new op-ed.
Op-ed: In The Hill, Romero Rainey cites poll results showing 67% of voters oppose the plan—which would require banks to report customer account information to the IRS—and 64% do not trust the agency to monitor their account information.
Campaign: With the House Ways and Means Committee now considering the spending bill, ICBA continues calling on community bankers to use its customizable email text and social media content to urge their customers and other consumers to contact Congress in opposition to the plan.
Briefing: ICBA staff experts will discuss the IRS proposal and other pressing issues during a complimentary briefing slated for 11 a.m. (Eastern time) today, Sept. 10.