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Tag: tax subsidies

FBI Ramps Up Oversight of Tax Subsidies Under Obama’s Health Care Reform

Steve Neavling
ticklethewire.com 

The FBI is preparing for the potential abuse of tax credits under Obama’s health care reform, Fox News reports.

Nearly 17 million Americans are expected to be eligible for federal tax credits to buy health insurance on the exchange. That leaves a lot of room for waste, fraud and abuse, Fox News reported.

The tax subsidies are essentially handed out on the honor system, not unlike the often abused earned income tax credits for low-income people, according to Fox News.

The federal government plans to conduct audits to detect fraud.