$67 Million Goes “Missing” From Obamacare Implementation Fund

According to a new report released by the Treasury Inspector General for Tax Administration (TIGTA), $67 million is “missing” from an Obamacare slush fund.

The money was initially allocated for Obamacare implementation.

Obama’s Internal Revenue Service (IRS) does not know where the $67 million went. All that is known for sure is that “the slush fund has already been spent.”

The TIGTA report stated that the IRS made no attempt to “account for” or “attempt to quantify” the $67 million, which was spent from FY 2010 through FY 2012.

Americans for Tax Reform (ATF) also pointed out several other examples of arguably reckless IRS spending, as revealed in the TIGTA report:

Travel abuse: The report states, “Specifically, we identified 38 IRS employees in two judgmentally selected business units whose travel was charged to the HIRIF in FY 2012, but no portion of their salary and related benefits was charged to the HIRIF.” In short, the IRS was not making sure that employee travel reimbursements had anything to do with the purpose of the fund. This is not the first time that IRS employee travel has created a scandal for the agency.

1,272 IRS Obamacare enforcement agents: The report estimates that total slush fund spending cost taxpayers the equivalent of 1,272 new full time IRS agents.

The IRS requested an additional 859 IRS Obamacare enforcement agents for Fiscal Year 2013: According to the report, “The IRS informed us that it requested $360 million and 859 FTEs for FY 2013 to continue implementation of the ACA. However, the IRS did not receive this requested amount for FY 2013.”

Has the IRS been irresponsible when it comes to accounting for our tax dollars? Let us know your thoughts in the comments section below.