Sunday, September 4, 2011

Undocumented Workers Paid $4.2 Billion in Refundable Credits

The TREASURY INSPECTOR GENERAL FOR TAX ADMINISTRATION RECOVERY ACT has just released a shocking report that revels that with our debt standing at over $14.5 trillion and counting, The Internal Revenue Service allowed undocumented workers to collect $4.2 billion in refundable tax credits last year, a new audit says, almost quadruple the sum five years ago.

Many individuals who are not authorized to work in the United States, and thus not eligible to obtain a Social Security Number (SSN) for employment, earn income in the United States. The Internal Revenue Service (IRS) provides such individuals with an Individual Taxpayer Identification Number (ITIN) to facilitate their filing of tax returns. Although the law prohibits aliens residing without authorization in the United States from receiving most Federal public benefits, an increasing number of these individuals are filing tax returns claiming the Additional Child Tax Credit (ACTC), a refundable tax credit intended for working families.

The payment of Federal funds through this tax benefit provides an additional incentive for aliens to enter, reside, and work in the United States without authorization, which contradicts Federal law and policy to remove such incentives.

See also : American Recovery and Reinvestment Act of 2009 Made Fraud Easier
Sen. Orrin Hatch (R-Utah), ranking member of the Senate Finance Committee, On Friday announced plans to examine the refunds.

“The disconcerting findings in this report demand immediate attention and action from Congress and the Obama Administration,” Hatch said in a statement.. “With our debt standing at over $14.5 trillion and counting, it’s outrageous that the IRS is handing out refundable tax credits...to those who aren’t even eligible to work in this country.”

Wage earners who do not have Social Security numbers and are not authorized to work in the United States can use what the IRS calls individual taxpayer identification numbers. Often these result in fraudulent claims on tax returns, auditors found.

Their data showed that 72 percent of returns filed with taxpayer identification numbers claimed the child tax credit.

Changes to tax law are partly to blame for the explosion in refunds for additional child tax credits in recent years, auditors found. Before 2001, filers needed to have three or more children to qualify — and to owe more Social Security taxes than earned income credits.

But those requirements have been eliminated and the allowable refund for each child doubled. The American Recovery and Reinvestment Act of 2009 also made the refund easier to get, auditors found.

The IRS said it lacks the authority to disallow the claims.

Government and fraud go hand in hand. The American Recovery and Reinvestment Act of 2009 should be done away with. And when politicians like Obama refuse to address rampant government spending and acknowledge the waste and fraud that goes on in this and most other systems within the government they are failing us, and the country.

Changes to tax law are partly to blame for the explosion in refunds for additional child tax credits in recent years, auditors found. Before 2001, filers needed to have three or more children to qualify — and to owe more Social Security taxes than earned income credits.

But those requirements have been eliminated and the allowable refund for each child doubled. The American Recovery and Reinvestment Act of 2009 made the refund easier to get.



Thursday, September 1, 2011

Illinois's plan to tax jobs out of the state is working

Illinois is doing a great job of "losing jobs" Since January, Illinois has dropped 89,000 people from its employment rolls.

Illinois lost more jobs during the month of July than any other state in the nation, according to the most recent Bureau of Labor Statistics report. After losing 7,200 jobs in June, Illinois lost an additional 24,900 non-farm payroll jobs in July. The report also said Illinois’s unemployment rate climbed to 9.5 percent. This marks the third consecutive month of increases in the unemployment rate.

States that implement a combination of high taxes, overspending and red tape do nothing but chase away jobs and leave many of the poor, working class, middle class, people that they claim to be trying to help without jobs.


Pat Quinn,the worse Governor in the country,likes to tell the story about how he was forced to room with Governor Rick Perry from Texas on a governors trip to Iraq a few years ago, and jokes about how he had to submit himself to the harshest punishment known to man -- listening to Perry's philosophy -- well maybe he should not only have listened, but also have taken some notes, because Perry's philosophy is working, his isn't.

Illinois is a microcosm of what is happening federally, while governor Quinn is making fun of Texas, their approach has been pro free market, limited government, and less spending, and it's working. While states like Illinois continue to follow the Obama model of -- take more money -- spend more money -- run it through the government and create jobs -- It doesn't work.

Please listen to CEO of the Illinois Policy Institute John Tillman on WLS AM on the Fiasco in Illinois. It is an excellent interview about the economy and jobs situation in Illinois

Obama's Green Energy "Bloodbath"

Last year in the U.S., we had the government led "Green Energy" boom, get ready this year for the bloodbath prices have gotten so low that the manufacturers in the U.S. can't make money.

You can now add to the long growing list of "Green Energy" companies that are going out of business -- Solyndra LLC of Fremont, Calif., -- Obama visited the company in May 2010 and noted that Solyndra expected to hire 1,000 workers to manufacture solar panels. Touted by the Obama administration in 2010 as a as a "gleaming example of green technology" today announced bankruptcy. 1,100+ employees will be fired.

Please Consider: Solyndra Filing a Disaster for Obama
President Obama faces political catastrophe in the form of Solyndra -- a San Francisco Bay area solar company that he touted as a gleaming example of green technology. It has announced it will declare Chapter 11 bankruptcy. More than 1,100 people will lose their jobs.

During a visit to the Fremont facility in spring of 2010, the President said the factory "is just a testament to American ingenuity and dynamism and the fact that we continue to have the best universities in the world, the best technology in the world, and most importantly the best workers in the world. "

It's not his statements the administration will regret; it's the loan guarantees. The President was celebrating $535 million in federal promises from the Department of Energy to the solar startup. The administration didn't do its due diligence, says the Government Accountability Office. "There's a consequence if you don't follow a rigorous process that's transparent," Franklin Rusco of GAO told the website iWatch News.

There is that ugly word the Obama administration loathes so much -- "transparency" .

The collapse also exposed the folly of the stimulus programs -- Solyndra had received a $535 million federal loan guarantee. Solyndra was one of about 40 projects funded since 2009 through a U.S. Department of Energy loan program that helped major wind, solar, nuclear and ethanol projects. Together, those projects were expected to create about 60,000 jobs.

I wonder if anyone considered that the artificially high energy prices the greens have forced upon states like California might have something to do with increasing manufacturing costs.

And how about the high taxes placed upon individuals and businesses there. And all the regulatory morass that makes doing ANYTHING so difficult, slow and expensive, that everyone is giving up and moving to China.-- I guess not -- at least no one with any influence in the Obama administration, but there were plenty of doubters, no one wanted to listen.

Do the math, The "seen" math is simple enough. $535 million divided by 1,100 is roughly $486,363 per job saved -- which are now jobs lost, the unseen is incalculable.

Obama obviously rushed this pitiful company so he could get his photo op and push his  "Green Energy" agenda with taxpayer money. What is amazing is that this company could blow through over half a billion dollars in such a short time. Congress needs to look into this, there must be some fraud involved.

Generally,  if companies cannot survive without government subsidies then they should not survive at all.

From : Mish's global Economic Trend Analysis

Wednesday, August 31, 2011

Another young American life taken by illegal alien drunk driver

Drunk driving incidents by Hispanic illegal alien driver's is becoming a serious problem in America read more here:  American Families Paying a High Price for Open Border Policies.

Boston : Mourners at a  Milford church yesterday for the funeral of a 23-year-old  Matthew Denice expressed outrage over a young life ended by what authorities say was an illegal alien who was driving drunk.

The 23-year-old Milford man was killed last week when an intoxicated illegal immigrant hit his motorcycle and dragged his body for approximately a quarter-mile. The young man was a recent graduate of Framingham State University and had worked his way through college. He was described by his stepfather as a "great All-American kid" and his stepfather believes that his son was murdered.

Governor Deval Patrick -- President Obama's right hand man in Massachusetts refuses to blame his lax enforcement of immigration laws in the state as a cause of the tragedy, instead preferring to explain that people are killed everyday, the fact this guy was an illegal alien with a prior record is just happenstance -- What an mind-blowing  position from someone serving as a governor in a major state of the U.S. to take. The fact is, that if this guy had been deported as law requires Matthew Denice would be alive today.

This serious car accident follows after the 34-year-old drunk driver was convicted of other crimes that should have resulted in deportation. The man was convicted of three assault charges, breaking and entering with intent to commit felony, and other crimes.

The drunk driver was arrested and charged with the following crimes:
  • Negligent vehicular homicide while driving under the influence of liquor
  •  Failure to stop for police
  •  Driving while unlicensed
  •  Leaving the scene of an accident involving personal injury/death
  •  Open container violation
  • Failure to yield at a stop sign
  • Resisting arrest
  •  Wanton or reckless conduct creating risk to a child
A detainer warrant was also issued by Homeland Security, But I am not optimistic this guy will pay for his crime.


You can read more : at the Boston Herald here





Can Another Speech Really Help Obama ?

Three years into the most polarizing, devisive, failed presidency in America history the master of deciet will step up to the microphone, AGAIN - to give another speech -- are we ready for this ? Can we stand the suspense ?

The circus is back in town after cutting the la di da vacation at Marthas' Vineyard short by a WHOLE DAY in order to deal with the worsening crisis, Obama's thirty nine percent approval rating. Three years into the failed presidency Obama's team is screaming "Stop the Presses" "Stop the World" The messiah will speak about jobs and the economy. If he really wanted to help he would have stayed on vacation.

He cannot even give a speech any longer without starting a fight, of course that is not his fault,nothing is. As if we haven't had enough Obama speeches, full of rhetoric, and empty promises.

Now Obama asked Congress to convene an extraordinary joint session next Wednesday to hear his old boring proposals to put jobless Americans back to work, but House Speaker John Boehner balked and told the president he ought to wait and speak a day later.

Of course Obama never misses a chance to start trouble. After waiting almost three years to get this presidents attention, we all must drop everything we are doing and join in on this circus act. The timing of his speech would also would be a poke in the eye at GOP presidential candidates who are to gather for a campaign debate in Simi Valley, Calif., at the same hour as the president's speech.

Obama drops this bombshell without warning, the White House notified Boehner's office on the same day it released the letter requesting the session, knowing it would conflict with Congress' schedule, and create more "conflict" have we about had it with the conflict yet ?

I think we all can pretty much sit this one out, we've heard it all before, the talking points will basically be the same ;
1.All these ideas for jobs are ones that have been presented to Congress before -- Congress needs to act.

2.Unfortunately, at a time when money is tight. George Bush left us a $1 trillion deficit -- Congress needs to act.

3.The Tea-Party Republicans -- have made it very difficult for me to get progressive things done -- Congress needs to act

4.Congress needs to act, Congress needs to act,Congress needs to act,Congress needs to act.
blah, blah, blah, blah

It has never even dawned on this entitled, spoiled, out of touch, simpleton, that the best way to keep his job is to stop campaigning, and do something. The Obama media has been chomping at the bit to take the smallest little success and hype the life out of for him, and he cannot deliver, pitiful.

2012 can't come fast enough.