I don’t know that I’ve ever seen the Senate move on something this quick. Maybe they are listening now:
Members of the Senate Finance Committee passed a bill Wednesday they say will fix a loophole in the House-passed economic stimulus package that allows some illegal immigrants to qualify for tax rebate checks.
The fix requires that anyone eligible for a rebate envisioned in a House-passed $161 billion stimulus package must have to have a valid Social Security number, rather than an Individual Tax Identification Number.
Tom “The Tank” doesn’t think it goes far enough, though:
“The fact that we know that Social Security numbers are compromised, the fact that thousands of people, maybe millions of people, we don’t know for sure how many people, filed an income tax form with a fake Social Security number. We also know that there’s absolutely no communication between the IRS and Social Security Administration,” Tancredo said..
That is a problem but I’m not sure how that could be remedied for this package.
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Maybe it’s time to call the senators and tell them we want a fix on fake false security numbers. Do you think we could get action as quickly as this? If there were some way to figure out how many received rebates due to false information, it might make our Texas senators not want to be part of the problem.
It would just be my luck to be audited by the IRS this year because I took my SS last year. Go figure.
I have been paying taxes since I was 16 and as a student and am now 62. This is an injustice to all of us. I want a retroactive refund on all my taxes.
This is one are where the IRS probably doesn’t check the validity of the SS numbers…they’re taking in too much money from holders of the fake SS numbers…
Even if the IRS doesn’t check for SS number validity, many businesses do. A friend of mine works for one of the largest automobile distributorships in the southwest. She says they check for, and occasionally find people using bogus SS numbers. One lady they confronted argued that she knew damn well it was her number because she paid good money for it. My company checks as well.
Are you sure the loophole has been closed? I’ve noticed that sometimes those folks up there tell you one thing and then it turns out to be something else.
This loophole was closed. If Tancredo says so I believe it.
Which moron left his fingerprints on the edict that got the thing written into the bill in the first place?
This rebate to illegal aliens is a tempest in a tea pot.
What some of you may not know is that when the IRS receives a tax form showing a refund the money is refunded. The illegal aliens know this. They have already stolen a SS number and it appears on the 1049. What they do is file, usually both husband and wife using the same dependents, separately showing head of household and get the earned income refund. Once they have the check it is cashed, the illegal alien moves and disappear into the populace to repeat the scam next year.
I don’t think this stimulus package would ever happen if not for the election this year. Last minute press by Washington to show they really do care.
Did anyone watch the CNN debate last night? I laughed at loud at the economic question “What is your plan to get people with bad credit lower interest rates”. Pure stupidity.
Here’s the solution to that dilemma.
Oh that’s comforting Luv2. How do we make this stop?
OK folks, screaming at our reps works if we do it quickly after the offending activity is discovered and if we do it in great numbers. Also helps to be an election year, with statements we will vote for your opponent if you don’t do the people’s will.
But a whole lot more needs to be done to clean up the fake and stolen SS numbers scam. Keep pushing.
This “one time” “feel good” stimulus package is a joke. The economy goes thru cycles which you cannot fix with this “shot in the arm” stimulus package. Okay so you get this lump sum of money and in most cases, people pay one month’s mortgage payment or credit card payment, then what. The government has only prolonged the inevitable.
I think the problem with the sub-prime mortgage thing was caused by the Dimwits demanding that people be able to get the American Dream, a home. This despite the fact they didn’t qualify or were never ever capable of maintaining the payments especially with a floating mortgage rate that goes up. I guess the Dimwits thought “big government” could bail them out. This, in turn, allowed government to collect more taxes on higher home values due to the increased demand. Well the bottom is about to fall out. Lets see if our property taxes go down as the values drop and will this trigger government to actually ask for a tax increase. I think not because government does what it wants to do and the h*ll with the taxpayer.
#13 Robert 1, agree that this so-called stimulus deal is a feel-good joke. About all that’s been stimulated to date is taxpayer anger.
If the government wants a stimulus package, how about something more permanent like income tax rate reduction or lowering the federal tax on gasoline. Then the taxpayer could use those tax dollars saved on spending to boost the economy. Isn’t that what the government is trying to do anyway. The federal government needs to do something they are not used to doing—-THINK LONG TERM!!!!!!!!!
Good, got rid of the loophole. Now to get rid of the Senate…. (peacefully!!!)
#15 Implementing the FairTax would be a great long term stimulus package. Everybody wins…
Perhaps our readers can clue me in on one of the unnoticed events that seems to be occurring. Gold has gone from $300 to over $900; oil from $50 to $100; dollar virtually being treated like the Mexican peso on money markets. Have we been sold down the river? I saved a few dollars, and here it is worth about 1/3 of what it was a couple of years ago. What’s up - financial collapse? Looking that way to me. Any thoughts.
Rastus, Can you explain what you mean by the dollar being treated like the Mexican Peso on the money markets? As to the gold, it is going up in value as compared to every currency because of the uncertainty in world financial markets. The oil has so many reason it would fill a book. Ron Paul much?
Maybe those ‘buy gold’ infomercials are on to something.
Don’t worry, it’s just fiat money….
That my boy….
http://thehill.com/leading-the-news/paul-votes-against-economic-stimulus-package-2008-01-30.html
The stimulus package passed the House 385-35 Tuesday, with Paul going against the grain — yet again.
Paul stressed this week he is in favor of taxpayers getting some of their money back, but added that “temporary tax cuts and one-time rebates will not ‘fix’ the economy…. Sending out checks and cutting interest rates yet again is merely a shot in the arm when in actuality, the economy needs major surgery.”
If a commodity goes up in cost(ie. cost more dollars) would that be the same as if the dollar went down in value?
#23, It all depends on how you are measuring the buying power of a currency. If you are looking at it just in terms of the comparative value of a specific commodity vs a specific currency, then yes it is the same. If you are looking at the value of the commodity vs the 30 day moving average cost in terms of a group of currencies, and the relative changes between the buying power of those currencies with respect to that given commodity, you may get different results.
As unemployment rises comes the question, will Illegal aliens receive unemployment compensation?
Well, since I’m pretty well stuck with USD as my primary currency and oil products as my primary means of transportation, as well the transportation cost for virtually 100% of the commodities that I consume (I exclude the fish I catch off the bank even though the line I use is derived from oil products), I guess my question is where has the value of my dollar gone, since the govt says we do not have inflation. A dozen eggs used to cost $0.99 and now costs almost $2.00. Same with other items such as bread, milk, etc. Yet we don’t have inflation. How does this work, assuming I’m locked into dollar denominated assets?
Don’t forget to factor in the huge increase in the cost of corn thanks to the new ethanol requirements in gasoline. This has contributed to the cost increases of your eggs, milk, etc, along with the associated transportation cost increases.
Rastus, governmental inflation is measured differently than “real inflation” or the dollars “buying power” and is related to only a specific set of goods, I believe. The gasoline prices going up have little to do with the value of the dollar and more to do with the international oil market and the government mandated change in gasoline formulation. As a side note, if you have all your investments locked into dollar backed securities, you need to reallocate your portfolio or find a new investment adviser.
I work in HR and oversee our payroll taxes. Every year, the Social Security Administration checks the employer quarterly payroll returns against returns filed with the IRS. They call it a data match. If there is a difference, the employer is informed and has some explaining to do. Here’s a little excerpt from a sweet little letter we received from SSA in 2000 …
“Each year we check our processed wage totals for the Forms W-2 wage records you sent us against totals for the forms 941, 943 or Form 1040 employment tax returns you filed with the Internal Revenue Service (IRS).”
Obviously the technology to match data between the IRS and SSA most certainly exists. So, how is it that our Congressional representatives aren’t aware of it? Maybe, they aren’t as concerned about loopholes as they would have us think.
BTW … we received this letter from SSA, but FORTUNATELY, we were not at fault!
tck
Another “air bags can decapitate” story from the “never had a real job” media
Bannable, can you explain what you mean by that?
My name is Legion, for we are many.