Senator Manchin recalled the conversation he had with President Biden:
"I said, Mr. President, I don’t know who put this out or how it got screwed up, but they said basically, we’re going to start looking at $600 transactions. Even if it’s $10,000, okay, that’s only $800 — or $900 a year. And I said, do you understand how messed up that is? To think Uncle Sam’s going to be watching transactions? I said, I don’t know how this happened, but this cannot happen. This is screwed up."
