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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: Sedohr Nod who wrote (141429)8/23/2012 9:18:37 AM
From: Kenneth E. Phillipps1 Recommendation  Read Replies (1) | Respond to of 224890
 
If we go "off the cliff" on January 2 with the huge defense cuts and return to the Clinton tax rates, It will take less than 6 weeks for a new Congress to come to an agreement.



To: Sedohr Nod who wrote (141429)8/23/2012 10:37:18 AM
From: lorne2 Recommendations  Respond to of 224890
 
Illegal immigrants could reap more than $7B in tax credits this year, senator says


Published August 22, 2012

FoxNews.com
foxnews.com

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.

And those filers are not excluded from claiming the Additional Child Tax Credit, which is offered to some families with children under 17 years old.

A report last year by the Treasury Inspector General for Tax Administration found the claims added up to $4.2 billion in 2010. Sessions' office calculated the $7.4 billion figure based on the IG report numbers and White House budget numbers.

The IG report last year recommended that Congress pass legislation to "clarify" whether the tax credits should actually be paid to those not authorized to work in the U.S.

Sessions co-sponsored a bill earlier this year to bar illegal immigrants from receiving the credit, but the bill was blocked from reaching the floor by Senate Majority Leader Harry Reid.

Reid at the time said the bill targeted the children of low-income Hispanic families.

Recent expansions to the credit under the stimulus law are set to expire at the end of the year.




To: Sedohr Nod who wrote (141429)8/23/2012 10:53:06 AM
From: longnshort  Respond to of 224890
 
"One guess would be urban versus more rural.....urban folks would probably be starved out in days.."

yep just surround the cities, shoot anyone who comes out and they will kill each other trying to survive



To: Sedohr Nod who wrote (141429)8/23/2012 11:23:49 AM
From: Paul V.1 Recommendation  Read Replies (5) | Respond to of 224890
 
sedohr, yes it would become survival of the fittest. Since the greatest population lies within the city. The masses would invade the rural areas to survive lead by organizers. Without birth control, with individuals not having the skill sets through education (trade or college), increase population explosion without any chance of hope, individuals resort to things they would never had done prior and resort to survival.

That is why I believe, in treating other as myself unless the poor are oppressed without any opportunity for success. If the Haves keep oppressing the poor who are really trying to succeed without any hope then mass rebellion may be the rule. IMO, to many so called christians fail to remember that Jesus spoke over 300 times in the Bible regarding taking care of the poor and needy and the least of these.