WATCH: John Kennedy rips Biden IRS reporting proposal, says “this stuff is crazy. President Xi would be proud”

Ripping Democrats IRS reporting proposal, Senator John Kennedy said “Republicans aren’t perfect, but this stuff is crazy. President Xi would be proud.”

Per The Hill “the Biden administration had proposed requiring financial institutions to report more information about bank accounts to the IRS, in cases where the accounts had more than $600 in withdrawals and deposits in a year. Senate Democrats are planning to increase that threshold to $10,000 and exempt wage income, a Democratic aide told The Hill.’