On the recordJuly 15, 2015
The American people have an expectation that the hard-earned money that they pay in taxes will not be wasted or used fraudulently. However, we have seen far too many examples of the Federal Government squandering taxpayer dollars. Take the IRS, for example. We have learned the earned income tax credit has an error rate of over 27 percent. That means taxpayer money is wasted to the tune of $15 billion. Compare that to the private sector, where Visa maintains an error rate of 0.06 percent. In another shocking revelation, it was even discovered that a single mailbox received 24,000 fraudulent tax returns, totaling $46 million. One mailbox, Mr. Speaker. In addition to fixing a broken Tax Code by making it simpler and fairer, Washington needs to also be good stewards of taxpayer money, making sure that taxpayer dollars are not wasted, are not misused, and that there is appropriate oversight over the IRS. ____________________
