If they are overwhelmed by a mere 1700 what is going to happen when they get the applications for seven million in obamacare for tax credits. no thought to mention tens of millions of collection and compliance? it s overwhelmed by that. what will happen under this? and what they are going to be doing with these tax credits and subsidies to help you purchase insurance, a thing called pay and take. they pay first and verify later. if that sanity recipe for disaster and fraudulent claims, i don t know what is. gregg: hasn t the irs badly mismanaged something that may turn out to be comparable to obamacare, that is the earned income tax credit program? very good point. 25% of those credits that were handed out were fraudulent are erroneous.
Overruns, and refunable, no way of checking them. if you look at the earned income tax credit program, they estimate 20% to 25% of that are improper payments to people. no way of really checking it or doing what should be done to make sure improper payments aren t made. this is in the same category. premium subsidies under obama care. and i have to say, it will get worse, not better. what will happen? will it collapse if the irs doesn t get the money to hire in the agency, that obama needs to implement for taxes and penalty, they won t get that money, striked premiums to the people paying higher premiums, what will happen? when i got here, there were 900 employees, and now there are over 2 million. plenty of employees at the irs. don t see why we should give them more money and more impose,
Overruns, and refunable, no way of checking them. if you look at the earned income tax credit program, they estimate 20% to 25% of that are improper payments to people. no way of really checking it or doing what should be done to make sure improper payments aren t made. this is in the same category. premium subsidies under obama care. and i have to say, it will get worse, not better. what will happen? will it collapse if the irs doesn t get the money to hire in the agency, that obama needs to implement for taxes and penalty, they won t get that money, striked premiums to the people paying higher premiums, what will happen? when i got here, there were 900 employees, and now there are over 2 million. plenty of employees at the irs. don t see why we should give them more money and more impose,