Recovery Act: Thousands of Recovery Act Contract and Grant Recipients Owe Hundreds of Millions in Federal Taxes

ISBN-10: 1437986412
ISBN-13: 9781437986419
Series: Recovery Act
Pages: 32
Language: English
Published: 2011-08
Publisher: DIANE Publishing
Author: Gregory D. Kutz

Description

The American Recovery and Reinvestment Act (Recovery Act), enacted on February 17, 2009, appropriated $275 billion to be distributed for federal contracts, grants, and loans. As of March 25, 2011, $191 billion of this $275 billion had been paid out. This report determined if Recovery Act contract and grant recipients have unpaid federal taxes and, if so: (1) determines, to the extent possible, the magnitude of known federal tax debt which is owed by Recovery Act contract and grant recipients; and, (2) provides examples of Recovery Act contract and grant recipients who have known unpaid federal taxes. Charts and tables. This is a print on demand edition of an important, hard-to-find report.