It's already been reported that the IRS has overpaid the EITC to the tune of some $130 billion over the last decade. And that's disturbing.
But what's even worse is that the agency refuses to do anything about it, according to this report from Byron Yor, who notes:
[I]t is easy to imagine the IRS arguing that it simply cannot prevent improper Obamacare tax credits because the health system is so complicated and because it does not want to discourage legitimately qualified Americans from receiving health care subsidies. If the fraud level is anything like the Earned Income Tax Credit program, improper Obamacare payments could soar into the hundreds of billions of dollars.
Just more good news about the ObamaCare debacle.
