Oops … $67 Million Missing from Obamacare Slush Fund

Oh the double standard hypocrisy of the IRS …

From the department that say it did not intentionally target conservative non-profit and Tea Party organizations comes the following, $67 million missing from a slush fund established for Obamacare implementation. Imagine what would happen in an IRS audit if you could not account for $67, let alone $67 million? Too bad the IRS does not follow the same rules and standards that they make others do.

So where is the money?

The IRS is unable to account for $67 million spent from a slush fund established for Obamacare implementation, according to a Treasury Inspector General for Tax Administration (TIGTA) report released today.

The “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 several other abuses of taxpayer funds, including: (More)

These people are just playing fast and furious with your hard earned money and they follow no rules.