This upcoming Sunday, the people of Venezuela will hold an election that, if legitimate, would put an end to years of the oppressive Maduro narco-regime. U.S. Senator Marco Rubio (R-FL) issued a statement in support of the Venezuelan people: “The...
News
Latest News
Rubio: “La Tenacidad y Valentía del Pueblo venezolano Estarán a la Vista”
Este próximo domingo, el pueblo venezolano tendrá una elección que, de ser legítima, pondría fin a años de opresión por parte del narco-régimen de Maduro. El senador estadounidense Marco Rubio (R-FL) grabó un mensaje de video en español y emitió una declaración en...
Rubio, Scott, Colleagues to Biden Admin: No Privileges Should Be Given to 9/11 Terrorist
Twenty-three years ago, the United States was attacked by Islamic terrorists on September 11, 2001. Now, Zacarias Moussaoui, the only person convicted in a U.S. court for his role in the attack, has requested the U.S. Department of Justice to allow a prisoner transfer...
Next Week: Rubio Staff Hosts Mobile Office Hours
U.S. Senator Marco Rubio’s (R-FL) office will host virtual Mobile Office Hours next week to assist constituents with federal casework issues in their respective local communities. These office hours offer constituents who do not live close to one of Senator Rubio’s...
Rubio, Colleagues Introduce Ensuring Continuity in Veterans’ Health Act
As the U.S. Department of Veterans Affairs (VA) opens up new facilities, many veterans are losing access to the VA’s Community Care Program and, consequently, their long-term healthcare providers. Veterans throughout the country have reported a loss of care, including...
Rubio Introduces Bill to Strengthen U.S.-India Security Partnership
The U.S.-India partnership is vital to countering influences from Communist China. In order to strengthen this partnership, it is essential to enhance our strategic diplomatic, economic, and military relationship with New Delhi. U.S. Senator Marco Rubio (R-FL)...
Rubio, Hagerty, Colleagues Introduce Legislation to Reverse IRS Snooping of Third-Party Payment Platforms
Washington, D.C. — U.S. Senators Marco Rubio (R-FL), Bill Hagerty (R-TN), and Republican colleagues introduced the Stop the Nosy Obsession with Online Payments (SNOOP) Act. The bill would undo a provision included by the Biden Administration in the American Rescue Plan (ARP) that requires third-party payment platforms to report businesses’ gross transaction volumes totaling more than $600 to the Internal Revenue Service (IRS).
Prior to the ARP, payment providers were only required to report information when a payee had over 200 commercial transactions per year that exceeded $20,000. As a result of the new provision, thousands of small businesses will have to fill out 1099-Ks to provide their personal information to the IRS, despite the IRS’ poor history of safeguarding Americans’ personal data.
“The Biden Administration’s total disregard for privacy has to be stopped,” Rubio said. “There is no reason that the IRS should be putting Americans’ confidential transactions under a microscope. I will continue to fight for taxpayer privacy and push back against this gross overreach of federal power.”
“The Biden Administration is relentless in their attempt to invade the privacy of Americans’ lives and finances,” Hagerty said. “It is regrettable that this Administration insists on advancing their perilous and oppressive political agenda to the detriment of taxpayers’ privacy, heedless of their failed track record of protecting Americans’ confidential data. It is past time we stand up for our small business owners and say ‘no more snooping’ to this Administration’s egregious and unwarranted overreach.”
Click here for a full list of quotes from cosponsors.
Last year, Rubio joined several of his Republican colleagues in introducing the Prohibiting IRS Financial Surveillance Act, a bill to prevent the IRS from implementing Democrats’ plan to give the agency access to transaction information of virtually every American.
Background:
- Earlier this month, the Washington Examiner reported that third-party payment processors, like Venmo and PayPal, will be required to report these business transactions.
- Over the past year, Democrats have used the IRS to target conservative political organizations, religious organizations, and wealthy Americans to further their political agenda.
- Although the effort ultimately failed, the Biden Administration attempted to force banks to report data on all bank accounts with more than $600 in annual transactions, which would have allowed them to pry even further into Americans’ lives.