Sonny Clark
Diamond Member
- Banned
- #1
WOW !!!!! -- Not shocking, but definitely pathetic and unjust. Under Mr. Obama's recent plan for illegal immigrants, the illegals could reap untold $Billions of taxpayers hard earned dollars. This comes in the face of talks about raising taxes and finding money to fund much needed projects such as infrastructure repairs and upgrades. Of course, we all know that this money will be "borrowed money", and only add to our already astronomical and rising national debt. What in hell can he be thinking? And, why do we stand-by in silence and allow him to do it?
‘Amnesty Bonuses’ in Tax Code: Illegal Immigrants to Receive Earned Income Tax Credit
Could cost ‘more than $24,000 to those who receive deferred action’
The President effectively re-wrote the law in a way that significantly changed the status of some of those here illegally. From this point forward, any illegal alien who is approved under the new rules to stay in the U.S. – a process known as “deferred action” – will now be allowed to receive a Social Security Number.
The significance of this change, Ms. O’Connor noted, is that having a Social Security Number will allow individuals to get federal benefits that were previously unavailable. In particular, it could allow millions of people to receive a tax benefit known as the Earned Income Tax Credit, or EITC. Under the law, families with low to moderate incomes can get an EITC cash payment as high as $6,143, but only if they have a Social Security Number.
For some people, the total amount could go even higher. This is because under EITC rules, anyone eligible for the program can also ask for payments to cover the three prior years as well. This means that an illegal alien with a new Social Security Number can get a payment of more than $24,000 for years they were working illegally. On top of this, Ms. O’Connor noted, families could also get thousands more in payments through the Additional Child Tax Credit program. This means a family with three or more children might collect even more than $24,000.
Ms. O’Connor concluded by pointing to the work of your office, which has found enormous fraud rates in both the EITC program and in the Additional Child Tax Credit program. Therefore, we are concerned that because the President’s new rules would let millions of people access these programs for the first time, the cost to the taxpayer could be billions of dollars.
When the President announced his new polices in November, these facts were not included. Moreover, none of the documents released by the administration provided any explanation for this, either.
Amnesty Bonuses in Tax Code Illegal Immigrants to Receive Earned Income Tax Credit The Weekly Standard
At this point, why not just open the boarders and be done with it?
‘Amnesty Bonuses’ in Tax Code: Illegal Immigrants to Receive Earned Income Tax Credit
Could cost ‘more than $24,000 to those who receive deferred action’
The President effectively re-wrote the law in a way that significantly changed the status of some of those here illegally. From this point forward, any illegal alien who is approved under the new rules to stay in the U.S. – a process known as “deferred action” – will now be allowed to receive a Social Security Number.
The significance of this change, Ms. O’Connor noted, is that having a Social Security Number will allow individuals to get federal benefits that were previously unavailable. In particular, it could allow millions of people to receive a tax benefit known as the Earned Income Tax Credit, or EITC. Under the law, families with low to moderate incomes can get an EITC cash payment as high as $6,143, but only if they have a Social Security Number.
For some people, the total amount could go even higher. This is because under EITC rules, anyone eligible for the program can also ask for payments to cover the three prior years as well. This means that an illegal alien with a new Social Security Number can get a payment of more than $24,000 for years they were working illegally. On top of this, Ms. O’Connor noted, families could also get thousands more in payments through the Additional Child Tax Credit program. This means a family with three or more children might collect even more than $24,000.
Ms. O’Connor concluded by pointing to the work of your office, which has found enormous fraud rates in both the EITC program and in the Additional Child Tax Credit program. Therefore, we are concerned that because the President’s new rules would let millions of people access these programs for the first time, the cost to the taxpayer could be billions of dollars.
When the President announced his new polices in November, these facts were not included. Moreover, none of the documents released by the administration provided any explanation for this, either.
Amnesty Bonuses in Tax Code Illegal Immigrants to Receive Earned Income Tax Credit The Weekly Standard
At this point, why not just open the boarders and be done with it?