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We’ve only just begun: The Treasury Inspector General has found that the IRS cannot account for $67 million of Obamacare funds.
he “Health Insurance Reform Implementation Fund” (HIRIF) was tucked into Obamacare in order to give the IRS money to enforce the tax provisions of the healthcare law. The fund, totaling some $1 billion of taxpayer money, was used to roll out enforcement mechanisms for the approximately 50 tax provisions of Obamacare. According to the report: “Specifically, the IRS did not account for or attempt to quantify approximately $67 million [from the slush fund] of indirect ACA costs incurred for Fiscal Years 2010 through 2012.”
The report also found other spending abuses, including using the money for travel that was unjustified.
But everything’s under control. The Democratic Party will make sure Obamacare is funded, no matter what!