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Abuse Rampant in Fraudulent Tax Returns: New Report to Demonstrate Misuse of Earned Income Tax Credit by Illegal Immigrants

Posted on: Thursday, 2 April 2009, 11:31 CDT

WASHINGTON, April 2 /PRNewswire-USNewswire/ -- Abuse is rampant in the collection of fraudulent income tax refunds from the IRS, especially by illegal immigrants -- according to a new report to be released on April 14.

The new report, The Earned Income Tax Credit and Illegal Immigration: A Study in Fraud, Abuse, and Liberal Activism, by financial analyst and economist Edwin Rubenstein, will be released at a News Conference at 1 p.m. on Tuesday, April 14, 2009 at the National Press Club in Washington, D.C.

The Earned Income Tax Credit (EITC) is the largest cash transfer program in the United States. More than 23 million families received more than $44 billion in the EITC refundable tax credit in 2006. Between 27% and 32% of EITC dollars are collected fraudulently, the new report says.

According to the report, much of the so-called "tax relief" goes to people who never paid a cent in taxes, and may have already defrauded the government of huge sums each year.

For instance, the Additional Child Tax Credit (ACTC) is available to illegal immigrants even if they do not have a valid Social Security number. The EITC is the most accessible of the major entitlement programs and used by more people than food stamps or Medicare.

Here are the details of the news conference to release the report:

DATE: Tuesday, April 14, 2009

TIME: 1 p.m. (Sandwiches available at 12:30 p.m.)

WHAT: News Conference to release the new report, The Earned Income Tax Credit and Illegal Immigration: A Study in Fraud, Abuse, and Liberal Activism, by Edwin Rubenstein

WHO:

-- Ed Rubenstein, Financial analyst and economist, was formerly with the W. R. Grace Company, the Manhattan Institute and the Hudson Institute

-- James R. Edwards, Jr., a principal at the MITA Group, a Washington-based government affairs firm, is a consultant and public policy expert, author, and former Lincoln Fellow of the Claremont Institute

-- Wayne Lutton, Ph.D., is editor of The Social Contract Press, publisher of the new report

LOCATION: National Press Club (13th floor, Zenger Room, 529 14th St., N.W.,) in Washington, D.C.

SOURCE The Social Contract Press

Source: PR Newswire

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