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Gov’t idiocy on steroids: Illegal aliens to reap up to $7 billion in tax credits

Photo credit: Gage Skidmore

Illegal immigrants could receive more than $7 billion this year in federal tax credits, according to one estimate, thanks to a loophole in the law that allows people not authorized to work to reap the government payments with no questions asked.

Sen. Jeff Sessions’ office calculated that, based on recent trends, illegal immigrants could receive roughly $7.4 billion through a provision known as the Additional Child Tax Credit. That’s more than quadruple what the payout was four years ago, but the payments have been steadily increasing over the past decade.

Though illegal immigrants are prohibited from receiving similar tax credits, a quirk in the law allows them to qualify for the child tax credit. And it’s a “refundable” credit, meaning recipients can reap the money — with average checks totaling about $1,800 — even if they’ve paid no taxes.

An aide to Sessions, R-Ala., the top Republican on the Senate Budget Committee, said the issue is a “serious matter that deserves attention” and another sign of how “Washington is disconnected from reality.”

Illegal immigrants can qualify because even people not authorized to work in the U.S. are supposed to file returns with the IRS. If they don’t have a Social Security number, they are provided what’s known as an Individual Taxpayer Identification Number in order to file returns.

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Sen. Sessions: $25.4 trillion debt over next decade, proof Obama’s campaign is lying

Photo credit: DonkeyHotey

The White House has delivered its 10-year budget forecast to Congress, and it predicts a trillion-dollar deficit for fiscal year 2012.

The project, titled the Mid-Session Review, projects $42.6 trillion in spending, and will balloon the federal government’s accumulated debt to $25.4 trillion by 2022, according to an analysis from the office of Sen. Jeff Sessions, the GOP’s budget chief in the Senate. The review was released Friday, reducing the chance it will get much coverage in the media.

Last year, the national debt grew to $14.8 trillion, an increase of $5 trillion from 2008.

The river of red ink shows that President Barack Obama’s campaign-trail ads are “dramatically false,” said a statement from Sessions.

Those new ads promise to pay down the accumulated deficits in a “balanced way.”

Read more from this story HERE.