Congress is trying to get a grasp on what is perceived as a growing problem: Social Security and tax fraud.
The United States House Ways and Means Committee members have heard estimates that tax fraud totals as much as $100 billion. The committee has been holding hearings on the issue. Thieves have been using technology to steal identities and raid the Social Security fund. Tax fraud seems to be growing, as well.
Congressman Adrian Smith, a member of the committee, says Congress must act to use technology to help taxpayers, not make it easier to defraud them.
“We should be able to utilize technology more efficiently to do that without the mistakes that lead to, for example in Nebraska, a situation in which a young person was applying for student loans and they said he was ineligible, because his name showed up on a list of the deceased,” Smith says.
Smith cautions against the suggestion that rooting out fraud will solve the budget problem. The congressman says ending fraud will not even put a dent in the nation’s annual deficit and growing debt.
AUDIO: Brent Martin reports [:45]