$236 billion in federal tax money lost or wasted last year

The following is an excerpt from Epoch Times.

An estimated $236 billion in improper or incorrect payments was made under the Biden administration last year, with Medicare and Medicaid accounting for $100 billion of that total, according to the U.S. Government Accountability Office (GAO).

“For fiscal year 2023, 14 agencies reported a total estimated $236 billion in improper payments across 71 programs,” said a March 26 GAO report. Improper payments refer to payments “that should not have been made or were made in the incorrect amount.” The $236 billion calculation does not include certain government programs that agencies determined were “susceptible to significant improper payments.”

As such, GAO believes the $236 billion estimate “potentially does not represent the full extent of improper payments.”…

Medicare accounted for the largest percentage of government incorrect payments, totaling $51.1 billion.

This was followed by Medicaid at $50.3 billion, Federal Pandemic Unemployment Assistance at $43.6 billion, Earned Income Tax Credit at $21.9 billion, and the Paycheck Protection Program Loan Forgiveness at $18.7 billion.

Read the GAO report here.

Read more from Epoch Times here.

SharylAttkisson.com note: According to GAO, as large as the amount of squandered funds is, it “doesn’t include the Department of Health and Human Services’ Temporary Assistance for Needy Families—a program that is susceptible to significant improper payments. We covered this issue in a prior report.”

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2 thoughts on “$236 billion in federal tax money lost or wasted last year”

  1. An additional $800 billion was wasted on mandatory, teach union government schools in the rest of the country. We are pouring our tax dollars down a very leaky sieve. Repeal 16th Amendment. Tax revolt now.

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