Friday, April 20, 2012

House Committee Votes to Close Tax Credit Loophole to Illegal Aliens

Roundabout via Billy

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.

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