Everyone knows our country is headed towards a fiscal cliff -- everyone, that is, except our officials in Washington, D.C.
The Washington Free Beacon reported today that the IRS improperly paid $15.6 billion as part of their Earned Income Tax program, which represents nearly 25% of all payments made by that program.
The Office of Management and Budget long ago classified the program as “high risk” due to its propensity to pay ineligible recipients or to pay incorrect amounts. Now, as our country struggles under the weight of an ever-increasing national debt and sluggish economy, the IRS has thrown away nearly $16 billion in taxpayer revenue.
“The IRS can audit potentially erroneous [Earned Income Tax Credit] claims; however, the number of claims the IRS can audit is limited by resources,” the audit explains. “As a result, billions of dollars in potentially erroneous [Earned Income Tax Credit] claims go unaddressed every year.”
There’s one problem at the root of all the troubles in D.C.: federal officials act like rulers instead of servants. Our elected and un-elected officeholders believe they know what’s good for the American people, and they believe they should have the power to make those decisions. But every time they try, they abuse their power and waste our money.
Only a Convention of States can restore the balance of power between D.C., the states, and the people. A Convention of States can propose constitutional amendments that strip Washington of its near-unlimited decision-making power and return to the people the right to control their lives and the future of their communities.