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Sen. Reid Blocks Ban on $4 Billion Illegal Immigrant Tax Credit Loophole

Sen. Reid Blocks Ban on $4 Billion Illegal Immigrant Tax Credit Loophole

A bill that would close an IRS tax credit loophole that allows the IRS to funnel over $4 billion to illegal immigrants is being held up by Sen. Harry Reid (D-NV).

Sen. Jeff Sessions (R-AL), a senior member of the Senate Judiciary Committee and the Ranking Member of the Senate Budget Committee, has been vocal in his disdain for the blatant misuse of taxpayer monies: 

I’m disappointed that the Majority Leader objected to our effort today to prevent billions in tax credits from being wrongly sent to illegal immigrants claiming they have dependents, many of whom do not live in the US. This should not be a partisan issue: it is wrong for the government to use Americans’ tax dollars to directly subsidize illegality, especially at a time when our nation is spending so much money we don’t have.

The $4 billion wasted on the illegal immigrant tax credit loophole is “roughly the same amount the President proposes to raise annually by instituting the new Warren Buffett Tax,” says Sen. Sessions. The Alabama senator also notes that it’s the amount needed to fund the shortfall in the highway bill and nearly all of the student loan bill.  

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