IRS Struggles to Track Its Obamacare Spending — Watchdog

Thursday, 26 Sep 2013 06:26 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
The U.S. Internal Revenue Service needs to do a better job tracking its spending related to President Barack Obama's new healthcare law, an IRS watchdog said on Wednesday.

With Congress debating whether to take funding away from the Affordable Care Act, or Obamacare, the Treasury Inspector General for Tax Administration said in an audit that the IRS failed to account for some of the agency's spending to implement the law.

Federal agencies must report their spending so there is an accurate measure of the full cost of government programs.

The IRS did not report $67 million in costs the agency incurred for employees who were working on the healthcare law for fiscal 2010 through 2012, the report said.

Editor's Note: Should ObamaCare Be Defunded? Vote in Urgent National Poll

The money was part of $488 million the IRS tapped from a special fund the agency was using to implement Obamacare.

"Funding related to direct labor were sometimes inaccurate and not always substantiated by reliable supporting documentation," TIGTA said.

TIGTA's report recommended the IRS improve its record-keeping. IRS said in response that it agreed with TIGTA's recommendations and had already put fixes in place.

"The IRS ensured that ACA funds were accurately tracked," adding that it spent appropriately the money it used from the special fund, the agency said in a statement.

Enacted in March 2010, the healthcare law made many tax code changes, including requiring the IRS to verify that most people have health insurance in 2014. It must also disperse new tax credits meant to help people meet their insurance costs.

The IRS expects to spend $360 million on Obamacare implementation in fiscal 2013, which ends Sept. 30, TIGTA said.

Unless Congress gives the IRS more money for the healthcare law, the agency will have to dip into its operating budget, already cut by Congress, TIGTA said.

Republicans in the House of Representatives have proposed cutting the IRS budget by 24 percent in fiscal 2014 and have voted repeatedly to defund Obamacare.

The Obama administration's fiscal 2014 budget requested $440 million for the IRS to administer the law's tax provisions. (Reporting by Patrick Temple-West; Editing by Kevin Drawbaugh and Eric Beech)

Editor's Note: Should ObamaCare Be Defunded? Vote in Urgent National Poll

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Bo Dietl: Stop-and-Frisk Would Have Averted Hatchet Attack

Friday, 24 Oct 2014 06:44 AM

Former New York Police detective Bo Dietl says the ending of the department's stop-and-frisk policy is partly to blame f . . .

Iraqi Officials Say IS Militants Used Chlorine Gas

Friday, 24 Oct 2014 06:29 AM

Iraqi officials say Islamic State militants used chlorine gas during fighting with Iraqi security forces and Shiite mili . . .

In NYC Ebola Case, Crowded City Complicates Efforts to Track Exposure

Thursday, 23 Oct 2014 23:28 PM

As a New York City doctor tests positive for Ebola after volunteering in West Africa, health officials face the challeng . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved