Mr. Otter shocked by $$ lost in #Obamacare implementation –> #AdorableNotAffordable pic.twitter.com/N6gTyxtcDu
— Darrell Issa (@DarrellIssa) September 26, 2013
Amazing isn’t it, that we have to account for every penny to the IRS, yet they can cavalierly “lose” $67 million of our money. And these are the guys in charge of your healthcare. No problem there…
WASHINGTON, D.C. – The IRS is unable to account for $67 million spent from a slush fund established for Obamacare implementation, according to a Treasury Inspector General for Tax Administration (TIGTA) report released today.
The “Health Insurance Reform Implementation Fund” (HIRIF) was tucked into Obamacare in order to give the IRS money to enforce the tax provisions of the healthcare law. The fund, totaling some $1 billion of taxpayer money, was used to roll out enforcement mechanisms for the approximately 50 tax provisions of Obamacare.
According to the report: “Specifically, the IRS did not account for or attempt to quantify approximately $67 million [from the slush fund] of indirect ACA costs incurred for Fiscal Years 2010 through 2012.”