You Cut Update

Previous Cuts Chosen By the Public under the You Cut Program

Each week, the public votes on which items should be brought to the House Floor. Here is a list of previous winning cuts.....

Week One: Cut the New Non-Reformed Welfare Program ($25 Billion Savings)

Week Two: Eliminate Federal Employee Pay Raise ($30 Billion Savings)

Week Three: Reform Fannie Mae and Freddie Mac ($30 Billion Savings)

Week Four: Sell Excess Federal Property ($15 Billion Savings)

Week Five: Prohibit Hiring New IRS Agents to Enforce Health Care Law ($15 Billion Savings)

Week Six: Taxpayer Subsidized Union Activities ($1.2 Billion Savings)

Week Seven: Prohibit Stimulus Funding for Promotional Signage (Tens of Millions)

Week Eight: Prohibit Sleeper Car Subsidies on Amtrak ($1.2 billion Savings)

This is the cut I voted for this week:

Bipartisan Proposal to Terminate the Advanced Earned Income Tax Credit
Saves $1.1 billion over ten years
On July 20th, four Democrat Congressmen launched a working group to focus on deficit reduction. Among the savings put forward by the lawmakers was endorsement of a proposal advocated by the Administration to terminate the Advanced Earned Income Tax Credit (AEITC) because it "has a high error rate and is not widely utilized by eligible taxpayers." Under the program, eligible taxpayers may receive a portion of their EITC throughout the year in their paychecks. A government audit revealed that some 80 percent of recipients did not comply with at least one program requirement; 20 percent had invalid Social Security numbers and thus may not have been eligible for the credit; 40 percent failed to file the annual tax return required to reconcile the credit; and of the 60 percent of recipients who did file a return, two-thirds misreported the amount received. As a result, this program is particularly susceptible to waste, fraud, and abuse.

Please go to You Cut and make your own vote.