What does treasury department admit to about lying and fraud?
Treasury Dept. Admits Mega-Billion Global Warming Tax smokestacksDocuments obtained this week from the U.S. Treasury Department reveal the Obama administration’s plans for a massive global-warming tax through “cap and trade” legislation that has already passed the House. The Competitive Enterprise Institute (CEI) requested the Treasury documents (PDF) under the Freedom of Information Act and was given an edited version of five records that indicated the cost to American taxpayers would be from $100 – $200 billion per year. This is just an estimate, since the Treasury had blacked out the end of the following sentence: “It will raise energy prices and impose annual costs on the order of….” Opponents of the plan maintain that the average household would end up saddled with an estimated one to two thousand dollars in added energy consumption costs annually, costs that are corroborated by the Treasury’s estimate since there were 105,480,101 households as of the last census. If passed, cap
An Internal Revenue Service program designed to encourage tax fraud whistleblowers is riddled with “deficiencies,” creating a backlog of claims that could jeopardize the program, a government watchdog said. The audit released Wednesday by the Treasury Department’s inspector general for tax administration found major flaws in the program that include “inadequate procedures and processes” for administering whistleblower claims, the failure to process whistleblower claims in a “timely” manner and a loophole in the law that can result in employees being retaliated against for filing whistleblower claims to the IRS. Congress passed a tax law in 2006 intended to make it easier for potential whistleblowers to turn in tax scofflaws. It also beefed up the rewards given for tips that lead to the arrest and conviction of violators. Since the law went into effect, the IRS says it has received a significant increase in tax fraud tips. In 2008, the agency received about 1,890 claims detailing more t
