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Saving for College

Scott Fitzpatrick, Tucker: Biden Administration Plans To Weaponize IRS With Plan To Monitor Bank Accounts | Video [Video]

Missouri state Treasurer Scott Fitzpatrick says he will refuse to comply with the plan to have the I.R.S. monitor all bank accounts for transactions totaling over $600. He joined FNC’s Tucker Carlson last week: SCOTT FITZPATRICK, MISSOURI STATE TREASURER: We have a statutory obligation in Missouri. We run the state’s 529 Plan which is a college savings program, as well as a bank account program for people with disabilities, and Missouri law protects that information and it says essentially that we’re supposed to keep that information private and not turn it over to anybody, much less the Federal government.So, if Congress does pass this proposal from Treasury and say hey, states, you have to turn over this information, I’m saying, we’re not going to comply with that. We’re going to fight it.Treasurer John Murante from Nebraska is in this fight with me, as well as well as some other Treasurers who are members of the State Fiscal Officer Foundation and we’re going to continue to fight this. If it goes to court, we’ll fight it in court. If we have to take it to the Supreme Court, then that’s what we’ll do.CARLSON: What do you suppose — I don’t know if you polled on it, but what percentage of the residents, the voters in the State of Missouri are in favor of snooping on bank accounts with $600.00 in them? Like is anybody in favor of that, do you think?FITZPATRICK: Well, I think — you know, there’s been bipartisan opposition to this. Obviously, some of the Democrats in Congress have been very quiet about it, but you know, nobody should be okay with the I.R.S. just having you know, carte blanche access to every transaction you make. It’s a massive invasion of privacy. It’s a violation of Americans’ Fourth Amendment rights and we have to fight back against it.CARLSON: Amen. I’m so glad that you are. I mean, the tragedy of the past two years is almost no elected officials have fought back against anything meaningful. It’s all performative.Have you seen anyone defend — I’m just interested — an elected official defend this and looked into it and said, no, we really need access to $600.00 level bank accounts?FITZPATRICK: Well, they keep talking about, you know, there is a tax gap and it’s all about taxing the wealthy, but anybody who is looking at this knows that that’s not what this is about. It’s $600.00. You’re not getting the wealthy, you’re getting every American with a bank account.It doesn’t matter — this is not about high income people, it’s not about big businesses or small businesses. It doesn’t matter if you’re making $10 million or $10,000.00. They want to see how you spend every single dollar and frankly, if there’s a family in the country that probably shouldn’t want that, I would think it’d be the Biden family.If the I.R.S. has this kind of time on their hands, maybe they should be looking at who is paying $500,000.00 for Hunter Biden’s finger paintings or something and then they can work their way down from there.But you know, this is — it’s just — you know, if we let this happen, it’s just going to be something else after this, and we have to fight back against it.CARLSON: Well, I mean, you know, I’m no tax expert, but like if you wanted to make the truly rich pay more, you’d close the carried interest loophole, wouldn’t you? And if you really wanted to, you would tax capital at the same rate of labor. Like you can leave people’s bank accounts alone. With that one change, you would make the richest people in finance pay a lot more. Why aren’t they suggesting that?FITZPATRICK: Well, you’d think that they would, but I think really, this is more than just about tax collections. I think this is about control over people’s lives. I think it’s about, you know, scaring people and that’s just the way they operate.This is the new way in the Biden administration and they’re going to continue to do this. We’ve seen with vaccine mandates, they’re trying to force people to do that. They’re trying to force people now to turn over their bank account information.CARLSON: They’re making me pro-crypto. I’ve never felt that way until now. Scott Fitzpatrick, a very smart State Treasurer. I appreciate your coming on tonight. Thanks very much. Hope we see you again.

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Saving for College

How Colin Powell, 84, went from Jamaican immigrant roots in NYC to being first black State Secretary [Video]

Colin Powell has died at age 84, his family announced on Monday. Powell first joined the military in college and went on to become one of the most popular US government figures.

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Saving for College

Louisville Zoo partners with Bellarmine University for pollinator habitat on campus | News [Video]

The Louisville Zoo partnered with Bellarmine University and Seven Counties Services to plant pollinator habitats to support monarch butterfly conservation.

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Saving for College

Despite pandemic and distance, young cancer patient finally meets life-saving donor [Video]

Despite distance, a young Los Angeles-area cancer patient finally got to meet his bone marrow donor through City of Hope.

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Saving for College

How to save for college: 5 ideas to save money faster [Video]

Saving for college can seem overwhelming, but it doesn’t have to be. Consider these manageable tips on ways to budget and save for you or your child’s education. If you need help calculating a college savings plan, visit https://www.lgfcu.org/calculators/save-for-college. Learn more about LGFCU: https://www.lgfcu.org/Follow LGFCU on social media:Facebook: https://www.facebook.com/LGFCUInstagram: https://www.instagram.com/lgfcu/Twitter: https://twitter.com/LGFCULinkedIn: https://www.linkedin.com/company/lgfcu-local-government-federal-credit-union/

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Newsom signs Early Childhood bill, highlights investments in early learning [Video]

Every child deserves access to high quality early learning opportunities that will prepare them to thrive in kindergarten and beyond”