In conjunction with today’s Senate Permanent Subcommittee on Investigations hearing on Stimulus Contractors Who Cheat on Their Taxes: What Happened?, the Government Accountability Office released Thousands of Recovery Act Contract and Grant Recipients Owe Hundreds of Millions in Federal Taxes (GAO-11-485):
At least 3,700 Recovery Act contract and grant recipients—including prime recipients, subrecipients, and vendors—are estimated to owe more than $750 million in known unpaid federal taxes as of September 30, 2009, and received over $24 billion in Recovery Act funds. This represented nearly 5% of the approximately 80,000 contractors and grant recipients in the data from http://www.Recovery.gov as of July 2010 that GAO reviewed.
- Accounting Today
- Associated Press
- CNN
- The Hill
- Politico
- USA Today
- Wall Street Journal
- Washington Post
(Hat Tip: Bob Kamman.)
