From Washington Post, 3 September 2011: “Wage earners who do not have Social Security numbers and are not authorized to work in the United States can use what the IRS calls individual taxpayer identification numbers.”
Americans lost $14.5 trillion in tax revenue due to undocumented workers –- who were trying to obey the law -- using taxpayer identification numbers in place of the Social Security Numbers they were not allowed to obtain.
“Changes to tax law are partly to blame for the explosion in refunds for additional child tax credits in recent years, auditors found. Before 2001, filers needed to have three or more children to qualify — and to owe more Social Security taxes than earned income credits.”
OK, who was in charge in 2001? What President was elected in 2000? Wasn’t it the same Bush Jr. who added $6.5 trillion to the National Debt and doubled the Debt which Clinton had been reducing after Reagan & Bush Sr. doubled it?
Let’s put it another way: If George Bush and the Republicans had NOT changed the law, and if they had paid attention to the improper use of taxpayer identification numbers in place of the Social Security Numbers, the National Debt would have been paid off and we would now hold a $2 trillion surplus which would have secured Social Security (which is part of the Treasury Notes making up the National Debt) and provided sufficient funds for universal health care – which would pump more money into the economy by making a healthier workforce and removing insurance payments from household budgets and free that money for spending and savings.
But remember the Republican objective:
-- THE MOST HARM TO THE MOST PEOPLE --
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