As you work harder and harder amid calls by the Left for higher taxes, take a look at how one of the Left’s favorite government programs is defrauding you and me. The Earned Income Tax Credit is a ripoff artist’s dream government handout.
In all, the IRS said it wrongly distributed as much as a quarter of Earned Income Tax Credit (EITC) payments, to the tune of between $11.6 billion and $13.6 billion, according to Treasury’s inspector general for tax administration.
Due to a 2009 executive order, the IRS is supposed to have targets for rolling back those improper payments. But the agency has yet to do so, and the Treasury inspector general says in its audit that the IRS needs to rethink its methods for cutting down on waste in EITC payments.
Outrageous.
