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ICBA leaders appeared on Fox News to continue raising awareness of the widely opposed IRS reporting proposal.
Interview: On America’s Newsroom with Bill Hemmer, ICBA Chairman Robert Fisher and ICBA President and CEO Rebeca Romero Rainey said proposed tweaks to the plan don’t address its privacy, due process, and data security concerns.
Growing Opposition: Meanwhile, a group of House Democrats called on congressional leaders to exclude the IRS plan from the reconciliation package—noting they have heard from hundreds of thousands of constituents in recent weeks. Their joint letter followed comments by Sen. Joe Manchin (D-W.Va.) that he opposes the proposal no matter the reporting threshold.
Grassroots: With Congress working to slip the updated IRS plan into the reconciliation package, ICBA is encouraging community bankers to continue calling their members of Congress in opposition and using customizable ICBA resources to urge consumers to call lawmakers.