House Committee Votes to Close Tax Credit Loophole!Yesterday, Members of the House Ways & Means Committee voted 22-12 to stop the IRS from giving refundable tax credits to illegal aliens. Last year, the Inspector General for the U.S. Treasury Department released a report revealing that illegal aliens annually receive $4.2 billion in refundable tax credits, primarily through the Additional Child Tax Credit (ACTC). The Ways and Means Committee voted to close this tax credit loophole by requiring that individuals who claim the ACTC provide a valid Social Security Number (SSN), based on language introduced by Rep. Sam Johnson (R-TX). Currently, the IRS only requires applicants for the ACTC to provide an Individual Taxpayer Identification Number (ITIN), which the Internal Revenue Service (IRS) indiscriminately hands out to illegal aliens. The legislation was part of a budget reconciliation proposal that now goes to the House Budget Committee for inclusion in a larger package aimed at saving tax-payer dollars. FAIR thanks the following Ways and Means Committee Members who voted to close the loophole:
Members who voted against closing the loophole include:
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FAIR is a member of the Better Business Bureau's Wise Giving Alliance and is one of a select few non-profit organizations that meet their high standards of operation, spending, truthfulness, and disclosure in fundraising. Charity Navigator has awarded FAIR four out of a possible four stars. In earning Charity Navigator's highest rating, FAIR has demonstrated exceptional financial health, outperforming most of its peers in its efforts to manage and grow its finances in the most fiscally responsible way possible. . . . . . . . . . . For more information,
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FAIR is a non-partisan, non-discriminatory non-profit organization dedicated to securing our borders, ending illegal immigration and promoting immigration levels consistent with the national interest. FAIR relies solely on the tax-deductible contributions of citizens and philanthropic foundations. |
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Posted By Breaking News to Tea Flash at 4/19/2012 01:53:00 PM
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Posted By Breaking News to Tea Flash at 4/19/2012 01:54:00 PM
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Posted By Breaking News to Tea Flash at 4/19/2012 01:54:00 PM
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Posted By Breaking News to Tea Flash at 4/19/2012 01:54:00 PM
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Posted By Breaking News to Tea Flash at 4/19/2012 01:54:00 PM
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Posted By Breaking News to Tea Flash at 4/19/2012 01:54:00 PM
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Posted By Breaking News to Tea Flash at 4/19/2012 01:54:00 PM
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Posted By Breaking News to Tea Flash at 4/19/2012 01:54:00 PM
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Posted By Breaking News to Tea Flash at 4/19/2012 01:54:00 PM
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Posted By Breaking News to Tea Flash at 4/19/2012 01:54:00 PM
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Posted By Breaking News to Tea Flash at 4/19/2012 01:54:00 PM
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Posted By Breaking News to Tea Flash at 4/19/2012 01:54:00 PM
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Posted By Breaking News to Tea Flash at 4/19/2012 01:54:00 PM
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Posted By Breaking News to Tea Flash at 4/19/2012 01:54:00 PM
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Posted By Breaking News to Tea Flash at 4/19/2012 01:55:00 PM
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Posted By Breaking News to Tea Flash at 4/19/2012 01:55:00 PM
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Posted By Breaking News to Tea Flash at 4/19/2012 01:55:00 PM
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Posted By Breaking News to Tea Flash at 4/19/2012 01:55:00 PM
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Posted By Breaking News to Tea Flash at 4/19/2012 01:55:00 PM
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Posted By Breaking News to Tea Flash at 4/19/2012 01:55:00 PM
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Posted By Breaking News to Tea Flash at 4/19/2012 01:55:00 PM
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Posted By Breaking News to Tea Flash at 4/19/2012 01:55:00 PM
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Posted By Breaking News to Tea Flash at 4/19/2012 01:55:00 PM
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Posted By Breaking News to Tea Flash at 4/19/2012 01:55:00 PM
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Posted By Breaking News to Tea Flash at 4/19/2012 01:55:00 PM
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Posted By Breaking News to Tea Flash at 4/19/2012 01:55:00 PM
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Posted By Breaking News to Tea Flash at 4/19/2012 01:55:00 PM
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