U.S. Rep. Peter Roskam (R-IL): The RESPECT Act
In this episode of the weekly Budget & Tax News podcast, U.S. Rep. Peter Roskam (R-IL) joins Heartland research fellow Jesse Hathaway, to talk about how he’s fighting IRS abuse of taxpayers and small business owners.
By prohibiting IRS from using “structuring,” making consistent cash deposits the government thinks look shady, Roskam says the RESPECT Act would require the government to prove financial crimes are being committed before moving in and emptying bank accounts, instead of taking first and asking questions later.
In addition to making it more difficult for the federal government to take money from people’s bank accounts, Roskam says his bill guarantees a neutral judge will hear these civil forfeiture cases, if the property owner challenges the IRS for the seizure.
Roskam explains why he's sponsoring the bill, and what everyday people can do to learn more about the problem... and the solution.