Amnesty Beneficiaries Could Claim More Than $35K In Tax Benefits In First Year (Video)

“This is basic economics: if you want more of something, you subsidize it. By subsidizing illegal entry with four years’ worth of new tax credits, the IRS would promote lawlessness,” Sen. Ben Sasse said in a statement at the time. “This program severely undermines the White House’s lip-service to enforcing the law and would increase the burden on law-abiding taxpayers.”

Illegal immigrants who are able to obtain Social Security Numbers and work permits as a result of President Obama’s executive amnesty could claim tens of thousands of dollars in back tax benefits, a new Congressional Research Service memo obtained first by Breitbart News reveals.

The report comes following the Internal Revenue Service’s confirmation that once illegal immigrants are granted Social Security Numbers — as a result of Obama’s executive actions — they will be able to file back tax returns and obtain up to four years of tax benefits, including the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC).

The new CRS report — dated Wednesday and requested to gauge the tax benefits an amnesty beneficiary could potentially accrue — looks at the amount of EITC and CTC for a hypothetical family from from 2011-2014.

“Specifically, you were interested in the value of these credits for a married couple with three and four children,” the memo details. “In addition, you requested that for every year, the family’s income be equal to the maximum amount of earnings a taxpayer could have and still receive the maximum amount of the EITC. This income level is often referred to as the ‘phase-out threshold amount’ and is adjusted annually for inflation.”

[…]

Complete text and video linked here.

Comments are closed.