Sens. Marco Rubio, R-Fla., and Mike Lee, R-Utah, want to make it easier for low and middle-income families to get a refund under the child tax credit. The pair introduced an amendment that would make the whole credit refundable—that means working parents who don’t owe taxes at the end of the year could get a refund of up to $2,000 for every child in their family.
Rubio and Lee want to pay for that change by increasing the proposed corporate tax rate from 20 percent to 22 percent. That idea has met with some resistance among Republicans who want to keep the corporate rate as low as possible.
This is sick and sinister. This is the most abused horror in the tax system. Illegal invaders often file for a child tax credit as soon as they cross the border, and retroactively for 3 years, a whopping twelve thousand dollars, all based on having a anchor baby. And the government gives it to them.
The sick thing about the child tax credit is IT IS NOT A DEDUCTION FROM YOUR TAXES IT IS A DIRECT PAYMENT!
That means if you don’t work at all you can still file for it. One family in Atlanta did just that, and filed for 1.4 MILLion dollARS. and while workers protested the claims and fraud, Obama insisted it be paid.
This is where Rubio is really coming from. Payola to the illegal hispanico invaders. To hell with that shit!
— from Politico
The IRS paid out at least $5.9 billion in improper payments of the additional child tax credit in fiscal year 2013, or about 25 percent to 30 percent of total payments, the Treasury inspector general for tax administration said Tuesday.
The IG previously reported that unauthorized workers were a major source of the improper payments, though that wasn’t spelled out in its most recent report.
The inspector general took the IRS to task for not taking the potential fraud seriously, like it does with another popular credit program prone to abuse, the earned income tax credit.
“It is imperative that the IRS take action to identify and address all of its programs that are at high risk for improper payments,” said J. Russell George, the inspector general.