To the Editor:
I just read an article yesterday about the IRS. 13 billion was given out in the EITC tax credit program.
The EITC (Earned Income Tax Credit) is a program that subsidizes low income families. I read on the Tax Policy Center of the Brookings Institute website that "The credit is fully refundable: any excess beyond a family's income tax liability is paid as a tax refund.
Since 2003 about Â¼ of the payments each year were improper. This is ridiculous.
Can you imagine working in the private sector and Â¼ of your monies in a part of your budget went out by error. Someone would have definitely been fired. And it would have stopped in no time.
To think that these errors are still happening at almost the same percentage since 2003 -- that is 10 years and nothing has happened.
No one has been fired. The Congress has done nothing to stop this program.
Well I should not have written nothing. The IRS has given out bonuses to boost employee morale. What about taxpayer morale? I think the IRS paid 70 million in bonuses in the year 2013 alone.
So let me get this straight. We are trillions of dollars in debt. A quarter of the money we pay back in a program is given to people who should not get it ... And the people doing this get bonuses. And what do our Congressmen and Senators do?
Well, Jeanne Shaheen wrote a bill to limit the amount of money paid for paintings of representatives.... Duh......
And they say Washington D.C. is broken ... NO kidding!
You can guess who is getting contacted from me today ... What about you ... what are you doing? We must contact our representatives and say NO MORE!
STOP WASTING MY HARD EARNED MONEY!