This has been a good week for taxpayers. Under intense pressure from Congress, the IRS finally agreed to send letters to everyone from whom it had seized assets based on allegations of "structuring" cash deposits. These people, who had done nothing wrong, can finally get some or all of their money back. The agency also says it has changed its internal policies to prevent this from happening again.
Today, U.S. Representatives Peter J. Roskam (R-IL) and Joseph Crowley (D-NY) introduced the "Clyde-Hirsch-Sowers-RESPECT Act" to codify these policy changes into law. The bill is named for Andrew Clyde; Jeffrey, Richard, and Mitch Hirsch; and Randy Sowers -- all small business owners victimized by IRS abuse.
Rep. Roskam released the following statement:
"I'm glad to see the IRS finally recognize the need to return the money they stole from innocent Americans.
"It took two years, two hearings, and letters from every Republican and Democratic member of the Oversight Subcommittee, but we can now see justice on the horizon.
"I'm encouraged by this latest development and look forward to continuing our oversight work to make sure the Justice Department also follows through on its pledge to deliver justice to the victims of civil asset forfeiture abuse.
"To that end, I'm proud to introduce bipartisan legislation with Rep. Crowley to make sure this never happens again."