Posted on 12/12/2014 11:03:24 AM PST by Rusty0604
President Obama's unilateral executive action on immigration will make hundreds of thousands, perhaps more than a million, illegal immigrants eligible for federal transfer payments. That will be done primarily through two widely used programs — the Earned Income Tax Credit, or EITC, and the Additional Child Tax Credit, or ACTC.
As it turns out, those two programs are already among the most corrupt and fraud-ridden in the entire federal government. A newly-released report from the inspector general of the Internal Revenue Service confirms that the EITC is plagued by fraud (which was already well known) and also reveals for the first time that the ACTC is even worse.
According to the inspector general, the IRS paid out $63 billion in EITC benefits in 2013. Of that, 24 percent, or about $15 billion, was given improperly to people not qualified to receive it. ...
The IRS paid out $26.6 billion in ACTC credits in 2013. The inspector general reports the child credit improper payment rate for that year was somewhere between 25.2 percent and 30.5 percent — worse than the EITC.
Considering that federal law defines a program as having "significant improper payments" when such payments exceed 2.5 percent of all the money the program sends out, those are pretty terrible numbers.
And now the programs — and the fraud — are likely to grow with the president's immigration order. It's something Obama did not take time to explain when he made the announcement.
In fact, the president obscured what is happening by telling the covered illegal immigrants that if "you're willing to pay your fair share of taxes, you'll be able to stay. …" In fact, for many of those affected, "willing to pay your fair share of taxes" actually means "willing to accept an assistance check from the government."
(Excerpt) Read more at washingtonexaminer.com ...
It gets to the point that you realize... or have to come to the invariable conclusion,
that the goal is the draining of the wealth of the nation,
and he’s just looking for places to throw it.
It’s not that these causes are what he wants to support,
but they are just convenient “sinks” to suck up the wealth.
Obozo should call it, his “Whacking The Big Pinata” Program. It has such a fuzzy wuzzy, huggy wuggy, full of love, family sound to it.
Excuse me for seeming a bit naive but didn’t people used to go to jail for fraud?
If you are a native born, white, working American citizen, then yes.
Open the borders, let literally millions of people in, then offer them taxpayer funded benefits. Its a national suicide pact. It is insane.
Another Obama Cloward-Pivenism action designed to bankrupt the country.
As if illegal aliens aren’t already using these welfare fraud programs.
Worked out well in Briton./s
...With the complicity of Congress.
“REMAKING AMERICA”
“FUNDAMENTALLY TRANSFORMING THE UNITED STATES OF AMERICA”
Who is John Galt??
Those laws only apply to US Citizens and Legal Residents
It is called 'Executive discretion'. Obama does not have to prosecute so there will be no jail time. Fraud is what the Republicans do, his people being the liberation fighters that they are, don't have to declare that 60" TV requisitioned after dark. It is the Department of Just_us after all!
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