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U.S. Rep. Peter Roskam (R-IL): The RESPECT Act

August 3, 2017

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.

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 and other lawmakers are fighting Internal Revenue Serivce (IRS) abuse of taxpayers and small business owners. His bill, the Restraining Excessive Seizure of Property through the Exploitation of Civil Asset Forfeiture Tools (RESPECT) Act, recently made it through a critical legislative hurdle, and it’s up to the U.S. Senate to act on the bill, Roskam says.

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.
Article Tags
Government Spending Taxes
Author
Jesse Hathaway is the managing editor of Budget & Tax News, a publication of The Heartland Institute.
jhathaway@heartland.org @JesseinOH