CONCORD, NH – A number of New Hampshire business organizations, including bankers, brokers, insurers, chambers and others, have signed a letter to the state’s federal delegation openly opposed to proposals that would allow the IRS to bank – and spy on other financial accounts.
According to Kristy Merrill, president of the NH Bankers Association, the organizations are opposed to the proposals on the grounds that tracking account inflows and outflows, whether $ 600 or $ 10,000, is “extremely expansive” and is the life of residents and businesses of the state would affect.
“We are grateful for the wide range of organizations working with the New Hampshire banking industry to oppose proposed IRS reporting,” she said. “This proposal violates fundamental personal rights, does not produce the desired result and can have unintended and serious negative consequences. The ends simply do not justify the means, and we encourage Congress to turn its attention to other areas.”
The letter indicated that financial institutions are already reporting to the Financial Crimes Enforcement Network a currency exchange of more than $ 10,000 in a single day to help prevent money laundering and financial crime. It is also said that there is “nothing inherently suspicious” to move more than $ 10,000 in a financial account in one year. What is now being proposed was “a far broader and far more invasive way of ongoing general account monitoring of most granite staters – which is unprecedented and deeply worrying,” the letter reads.
You can find the full letter online here.
Bradley receives Visionary Voice Award
The New Hampshire Coalition Against Domestic and Sexual Violence nominated Senator Jeb Bradley (R-Wolfeboro) as the recipient of the National Sexual Violence Resource Center’s 2021 Visionary Voice Award for the state.
Bradley was recognized for being a longtime advocate and for being a top person for the Howie Leung Loophole, which helped deter teachers and others in authority from being prosecuted for molesting teenagers and children removed from state law. He was nominated at the beginning of the year, but has now officially received the award.
“It has been a pleasure to work with the NH Coalition Against Domestic and Sexual Violence,” he said. “The coalition has been a principled and effective leader in efforts to strengthen our laws to protect victims from domestic and sexual violence. It is truly an honor to be recognized by one of the most respected organizations in our state.”
State Sen. Jeb Bradley with the Visionary Voice Award. Credit: NH coalition against domestic and sexual violence
Here is the list of all national winners.
Here’s everything else that’s happening in New Hampshire right now.
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