A provision known as the Health Insurance Reform Implementation Fund (HIRIF) was set up by the Affordable Care Act to fund the IRS’ enforcement duties under the law. The fund allotted $1 billion to the tax agency to allow it to carry out the more than 50 tax provisions set up by the healthcare law. In an amazing bit of irony, the agency set up to oversee the nation’s taxes and ensure they are properly collected and spent seems to have lost $67 million of that fund. In the Treasury Inspector General’s latest report, the IRS was unable to account for almost $67 million in costs associated with the heath care law. But that isn’t where the IRS has stopped with their misuse of the HIRIF. The report also found that travel unrelated to the healthcare law was reimbursed to 38 employees and charged to the fund. This fund was specifically set up to be able to hire over 1,200 new agents to enforce the regulations. Yet, it does not seem to have been used for this purpose. In fact, the agency has gone back to Congress for more money to hire new agents. Only in government can this much waste occur and qualify for a reward.
Posted on: Mon, 30 Sep 2013 05:24:29 +0000
Trending Topics
Recently Viewed Topics
© 2015