“Now Democrats want to spy on anything you buy that costs $600 or more.”
What FactCheck.org found
A Biden administration proposal would require financial institutions to report the total annual inflows and outflows for all business and personal accounts worth at least $600 -- not individual transactions or purchases.
Their words, from the summary they publish with the rating.
In short
Kevin McCarthy (House Minority Leader) made this claim around 30 September 2021. FactCheck.org (United States) looked into it and published its finding on 8 October 2021, 8 days later. Its rating was “False”.
Kevin McCarthy has 34 checked claims in this archive. Fact-checking organisations rated 20 of them false or fake, 9 misleading or mixed and 1 true.
This check was done by FactCheck.org, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.