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CDT Highlights Privacy and Security Impact of Tax Reporting Plan

In testimony before the House Small Business Committee today, CDT expressed concern about the impact on privacy and data security of a proposal that would require banks to track credit card payments and report the data to the Internal Revenue Service for tax enforcement purposes. CDT explained that the proposal would require increased private sector tracking of Social Security numbers of individual businesspeople, could lead to additional data collection from small businesspeople and others, and would set a dangerous precedent.