ran 4.3 miles
The Government Accountability Office, and yes, this is a real office of the American government that actually seeks accountability, in a report being released tomorrow, states that at least 3,700 government contractors and nonprofit organizations that received more than $24 billion from Barack Obama’s stimulus package owed $757 million in back taxes as of September 30, 2009, the end of the budget year.
In an article from the AP, the report indicates that nearly 6% of the 63,000 contractors and grantees examined were tax delinquent. The report also cautioned that this number is most likely significantly higher because the known tax debt fails to measure certain factors like income underreporting.
Here are two examples of how little scrutiny was exercised by Obama’s administration in dishing out our tax dollars into numerous trashcans:
"It is a matter of basic fairness that those who take government money should be required to pay their taxes like everyone else. That such a huge amount of the stimulus money went to known tax cheats should be a wake-up call for Congress."
The current value, which continues to rise as distribution gets further analyzed, of the February 2009 stimulus package is $821 billion. Nearly 35% of the unpaid taxes from those delinquent entities that received stimulus were for debts incurred as far back as 2003. This is blatant waste and it is throwing $4.00 gasoline on the fire that is crippling our economy.
"This shows how fundamentally flawed the failed stimulus has turned out to be when Washington jams through almost a trillion dollars in spending with little scrutiny."
1,299.5 miles to go.
The Government Accountability Office, and yes, this is a real office of the American government that actually seeks accountability, in a report being released tomorrow, states that at least 3,700 government contractors and nonprofit organizations that received more than $24 billion from Barack Obama’s stimulus package owed $757 million in back taxes as of September 30, 2009, the end of the budget year.
In an article from the AP, the report indicates that nearly 6% of the 63,000 contractors and grantees examined were tax delinquent. The report also cautioned that this number is most likely significantly higher because the known tax debt fails to measure certain factors like income underreporting.
Here are two examples of how little scrutiny was exercised by Obama’s administration in dishing out our tax dollars into numerous trashcans:
- An engineering firm that received a $100,000 stimulus act contract but owed $6 million in back taxes.
- Social services nonprofit that received more than $1 million in stimulus funds owed taxes of $2 million.
"It is a matter of basic fairness that those who take government money should be required to pay their taxes like everyone else. That such a huge amount of the stimulus money went to known tax cheats should be a wake-up call for Congress."
Senator Tom Coburn (R-OK)
The current value, which continues to rise as distribution gets further analyzed, of the February 2009 stimulus package is $821 billion. Nearly 35% of the unpaid taxes from those delinquent entities that received stimulus were for debts incurred as far back as 2003. This is blatant waste and it is throwing $4.00 gasoline on the fire that is crippling our economy.
"This shows how fundamentally flawed the failed stimulus has turned out to be when Washington jams through almost a trillion dollars in spending with little scrutiny."
Senator Orrin Hatch (R-UT)
1,299.5 miles to go.
