goldenequity
06-08-2017, 10:52 PM
CIVIL ASSET FORFEITURE
This practice allows the federal government to confiscate the wealth of its citizens upon the mere suspicion of wrongdoing.
►The Restraining Excessive Seizure of Property through the Exploitation of Civil Asset Forfeiture Tools (RESPECT) Act.
The RESPECT Act would require that:
the IRS must first prove “that the money was connected to a crime,”
and
would also “exempt from federal income tax any interest that the Treasury pays on seized funds that are returned.”
Last Year
The bill had bipartisan cosponsors and passed the House by a vote of 415-0 last September.
The Senate did not take up the bill, and it languished.
South Carolina Sen. Tim Scott’s companion bill also was never acted on.
Roskam has introduced the bill again in the House,
and
Scott has introduced the bill in the Senate this year,
on the same day that the Treasury’s tax inspector general released his critical findings
about the IRS seizing money from innocent Americans.
This bill is a bipartisan ray of light in an increasingly fractured political process.
Rep. Joe Crowley, D-N.Y., joined Roskam in introducing the bill.
Republicans and Democrats agree that the IRS is overstepping its authority and needs to be restrained.
Scott has also introduced the Senate companion bill.
READ MOAR (http://dailysignal.com/2017/06/08/irs-can-seize-money-based-hunch-bill-will-bring-end/)
This practice allows the federal government to confiscate the wealth of its citizens upon the mere suspicion of wrongdoing.
►The Restraining Excessive Seizure of Property through the Exploitation of Civil Asset Forfeiture Tools (RESPECT) Act.
The RESPECT Act would require that:
the IRS must first prove “that the money was connected to a crime,”
and
would also “exempt from federal income tax any interest that the Treasury pays on seized funds that are returned.”
Last Year
The bill had bipartisan cosponsors and passed the House by a vote of 415-0 last September.
The Senate did not take up the bill, and it languished.
South Carolina Sen. Tim Scott’s companion bill also was never acted on.
Roskam has introduced the bill again in the House,
and
Scott has introduced the bill in the Senate this year,
on the same day that the Treasury’s tax inspector general released his critical findings
about the IRS seizing money from innocent Americans.
This bill is a bipartisan ray of light in an increasingly fractured political process.
Rep. Joe Crowley, D-N.Y., joined Roskam in introducing the bill.
Republicans and Democrats agree that the IRS is overstepping its authority and needs to be restrained.
Scott has also introduced the Senate companion bill.
READ MOAR (http://dailysignal.com/2017/06/08/irs-can-seize-money-based-hunch-bill-will-bring-end/)