In Case You Missed It: Congressman Johnson on House Floor: It's time to end this sham!
Washington,
Mar 13 -
Washington, DC - Today, U.S. Congressman Sam Johnson (TX-03) delivered the following remarks on the House Floor stating his recently re-introduced bill, H.R. 556, the Refundable Child Tax Credit Eligibility Verification Reform Act, will protect and save precious taxpayer dollars. The Joint Committee on Taxation – the non-partisan tax scorekeeper – announced this common-sense legislation will save hardworking Americans an estimated $24.4 billion over the next ten years.
“Each year billions of U.S. taxpayer dollars are wasted due to abuse of the $1,000 refundable child tax credit. Instead of hitting up taxpayers for even more taxes, Washington needs to go after these billions of dollars that are fraudulently wasted.
“It’s time to end this sham!
“That’s why I have re-introduced common-sense legislation, H.R. 556 that stops this abuse by requiring tax filers to provide their Social Security number in order to receive this tax credit, just like we do for the Earned income tax credit.
“Congress’ non-partisan tax scorekeeper – the Joint Committee on Taxation – has found that my bill would save taxpayers an estimated $24.4 billion over the next ten years.
“With the dire need to get our fiscal house in order, this simple, and common-sense fix can go a long way toward protecting precious taxpayer’s dollars by stamping out waste, fraud and abuse.
“Let’s get it done now.”
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