Joe Manchin: Controversial Democrat IRS Bank Reporting Proposal Likely Dead

The centrist and key swing vote on the partisan legislation said on Tuesday that he spoke to President Joe Biden about the proposal, which envisioned banks reporting all account inflows and outflows of over $10,000 to the IRS to crack down on tax fraud. He later noted it would probably not be in the plan.
Manchin said he told Biden the idea was “screwed up” and that Biden concurred.
“So I think that one is going to be gone,” the West Virginia Democrat said during an appearance at the Economic Club of Washington on Tuesday morning.