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.
