IRS Loses $67 Million In Taxpayer Dollars Set Aside For Obamacare

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The Internal Revenue Service has lost track of $67 million spent from a slush fund set up to for the implementation of Obamacare, according to a Treasury Inspector General for Tax Administration (TIGTA) report.

A slush fund called the “Health Insurance Reform Implementation Fund” (HIRIF) was included in the healthcare law in order to help the IRS cover the cost of new tax provisions that will come with Obamacare. It contained nearly $1 billion of taxpayer money to roll out enforcement mechanisms for the approximately 50 new tax provisions.

But TIGTA claims that IRS officials failed to account for large sums of money used from the slush fund.

From the report: “We also found that the IRS did not track all costs associated with implementation of the ACA, including costs not applied to the HIRIF.  Specifically, the IRS did not account for or attempt to quantify approximately $67 million of indirect ACA costs incurred for FYs 2010 through 2012.”

According to TIGTA, the IRS plans to have spent $360 million on Obamacare implementation in fiscal 2013, which ends Sept. 30.

Despite the lofty sum of taxpayer dollars being pumped into getting the IRS ready for Obamacare implementation, the TIGTA report concedes that the Nation’s tax collection agency “lacks complete information regarding the full cost of [Affordable Care Act] implementation.”

“This lack of complete information on ACA implementation costs limits the IRS’s ability to accurately report to stakeholders the total resources it applied to the ACA implementation and fully estimate the resources needed in the future for this effort,” the report states.

The IRS responded to the report, saying it “takes seriously its obligation to be good stewards of government resources.”  The agency agreed with the report’s recommendations and has begun applying them.

Personal Liberty

Sam Rolley

Sam Rolley began a career in journalism working for a small town newspaper while seeking a B.A. in English. After covering community news and politics, Rolley took a position at Personal Liberty Media Group where could better hone his focus on his true passions: national politics and liberty issues. In his daily columns and reports, Rolley works to help readers understand which lies are perpetuated by the mainstream media and to stay on top of issues ignored by more conventional media outlets.

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  • independent thinker

    “The IRS responded to the report, saying it “takes seriously its obligation to be good stewards of government resources.” The agency agreed with the report’s recommendations and has begun applying them.”
    Translation…Oops you caught us so we will give lip service to making changes until you quit checking so closely on us then its back to business as usual.

  • Merle Dickey

    Didn’t they lose several million 6 or 7 years ago? Have they ever been audited?

  • ArmedAmerican

    how convenient.
    I wonder how much money will be ‘lost’ with OdumboCrap in the future?

  • Mary Wilson

    First question, if it was designated money, why would it be in a slush fund? Sloppy, sloppy.

  • brownstoneconstr

    oh well. its only a minor mistake. no need to fire someone . they’ll just get more money from the public since they have it to give.

  • wavesofgrain

    Government Employee Gross Incompetence…and Corruption. No oversight, no accountability, no consequences.

    • Jana

      And its only going to get worse once they are in charge of our insurance money too.

  • IBCAMN

    in the pockets of polititions(unions?)…typical of this corrupt gov’t liberal machine!!

  • hitthedeck

    A drop in the bucket of what the progressives will steal in the future from Obama care. Obama care will be the slush fund for every left wing origination in America. The great community organizer whose skills of milking government funds is now being tested and why not when he had the likes of Lois Learner in charge of the cash register.

  • Briylaln

    Personnaly, I don’t believe they have lost it or misplaced it. They know right where it is, but don’t feel they need to respond to the taxpayers.

  • Steve E

    In the real world, if a company had that much money vanish, it would be that someone in the company embezzled it.

  • Sam

    Ask Lois Lerner. She may know where the money went.

  • Michael Shreve

    The IRS does NOT have to account for THEIR spending, WE THE PEOPLE do.

  • ExposeThem

    We knew that’s what the whole Obamacare bill was all about. Otherwise, it would have addressed healthcare, not insurance. And once it was given to the IRS to be the agency to lord over it, there was no doubt. Who is the IRS the henchmen for? The Federal Reserve, of course!

  • Bob

    All that was needed for health care was tort reform, preexisting conditions, and interstate competition for plans and look what happened! How about a few pages of law and no obummer care. Corporate fascism at work.

  • alboy5

    Barrycare a way for IRS to collect all the money it wants and divy up the proceeds.