Thursday, September 22, 2016

Stop And Seizure

A step towards reform:
The bill, authored by Republican Rep. Peter Roskam of Illinois, would require the agency to demonstrate probable cause before seizing businesses' bank accounts. It also would guarantee businesses a quick hearing for people to appeal seizures.

The bill found support on both sides of the aisle. Civil asset forfeiture reform has been a priority for free-market groups.

Earlier this year, after the House Ways and Means Committee's work, the IRS returned $150,000 that it had taken from North Carolina convenience store owner Khalid "Ken" Quran in 2014, according to the libertarian Institute for Justice. Quran's account was seized because of what the IRS thought were suspicious transactions, but he wasn't accused of anything.
Legalized theft is still theft...

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