By standforamerica.com – March 25, 2022
Throughout Washington’s $6 trillion COVID-era spending spree, conservatives repeatedly called for taxpayer protections to prevent waste, fraud, and abuse. A new audit by the IRS proves they were right to be worried.
The investigation found 660 cases of tax and money laundering totaling $1.8 billion. But that’s just the tip of the iceberg. Congressional investigators estimate the number may be as high as $84 billion and the Secret Service thinks it might be $100 billion.
Taxpayers deserve answers. They also deserve a government more interested in fiscal discipline in the first place. Before the next crisis comes, Congress needs to crack down on fraud—and tighten up its spending to prevent it in the first place.
→ Read more: 15% of Paycheck Protection Program loans could be fraudulent, study shows (New York Times)
→ Read more: Republicans call for further investigation of other COVID-related federal funds after Feds investigate nonprofit for alleged fraud (CBS Minnesota)