That caused all of the deficit spending, it is the incompetence of the IRS. They were so busy attacking Obama's political enemies they failed to monitor who receives the EITC. And to think there are actually people who want the same government to run health care and for the IRS to have a huge role in it's managment.
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The IRS paid as much as $13.6 billion in bogus claims for the Earned Income Tax Credit
last year, according to a report the agency’s internal auditor released Tuesday morning.
The Treasury Inspector General for Tax Administration said it warned the IRS in 2011 that it was making the erroneous payments, but two years later the agency hasn’t fixed the problem.
Over the last decade, the IRS could have paid out as much as $132.6 billion in improper payments.
“The IRS has made little improvement in reducing improper EITC payments as a whole since it has been required to report estimates of these payments to Congress,” the inspector general said. “The IRS acknowledges that further reductions in the EITC improper payment rate will be difficult to achieve.”
