> With generous exemptions for large businesses.

Also public companies by their nature have known shareholders, so yeah...this is basically targeted specifically against small businesses. 

The rumor mill (according to my CPA), was this was the motivation for the new 70,000 IRS agents that was all over the news in 2022. Massive audits against small businesses. 



freetx

Bell_curve

Politics_And_Law

TX District Court issues nationwide injunction blocking the CTA

Arceris

Of course, the CTA requires everyone to report to the feds, even if they are in a state that hates privacy. And a huge fine if you don't report. With generous exemptions for large businesses.

So basically an attack on both privacy and small businesses.