President Obama's executive amnesty will enable millions of illegal
immigrants to collect billions in tax credits once Obama's plan is fully
implemented.
Currently illegal immigrants already collect more than $4 billion in tax credit payments every year. A 2011 IRS Inspector Generals report found that "individuals who are not authorized to work in the United States" collected $4.2 billion in Additional Child Tax Credit payments in 2010 alone.
The ACTC is the refundable portion of the Child Tax Credit available to all tax payers. Refundable credits are payments from the U.S. Treasury to a tax payer when the value of a credit exceeds the amount of taxes a person owes.
Even before Obama's latest amnesty program, millions of illegal immigrants already paid federal taxes to the government using Individual Taxpayer Identification Numbers. It is these ITINs that illegal immigrants already use to claim billions in ACTC checks from the government every year.
http://townhall.com/tipsheet/conncarroll/2014/12/15/illegal-immigrants-to-get-billions-in-tax-credits-under-obamas-amnesty-n1932194
Currently illegal immigrants already collect more than $4 billion in tax credit payments every year. A 2011 IRS Inspector Generals report found that "individuals who are not authorized to work in the United States" collected $4.2 billion in Additional Child Tax Credit payments in 2010 alone.
The ACTC is the refundable portion of the Child Tax Credit available to all tax payers. Refundable credits are payments from the U.S. Treasury to a tax payer when the value of a credit exceeds the amount of taxes a person owes.
Even before Obama's latest amnesty program, millions of illegal immigrants already paid federal taxes to the government using Individual Taxpayer Identification Numbers. It is these ITINs that illegal immigrants already use to claim billions in ACTC checks from the government every year.
http://townhall.com/tipsheet/conncarroll/2014/12/15/illegal-immigrants-to-get-billions-in-tax-credits-under-obamas-amnesty-n1932194
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