House Republican Leader Kevin McCarthy (R‑CA) and other House Republicans said Thursday that President Joe Biden wants to “weaponize” the Internal Revenue Service (IRS) against the American people.

Republicans across the spectrum have slammed Biden’s efforts to increase the amount of information financial institutions must transmit to the IRS to combat tax evasion, allegedly. The proceeds from this increased spying on Americans would then offset the Democrats’ enormous Build Back Better Act, or the Democrats’ reconciliation infrastructure bill.

The Democrats’ proposal would require reports on accounts with more than $10,000 in annual deposits or withdrawals.

McCarthy, Reps. Ashley Hinson (R‑IA), Drew Ferguson (R‑GA), Mike Kelly (R‑PA), Andrew Clyde (R‑GA), and Tom Emmer (R‑MN) spoke about how the IRS’s increased enforcement power would only lead to more IRS harassment of working-class Americans. Eric Bruen, the president and CEO of Desert Valleys credit union, and Warren Hudak, presidents of Hudak and Company, spoke at the event as well.