Pangelinan Calls for Inspector General Audit of “Work Pay Advance Reimbursement”

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Guam – Senator Ben Pangelinan has sent a letter to J. Russell George, the United States Inspector General for Tax Administration requesting an audit of the $72 million dollars of  Make Work Pay Credit advance reimbursement.

The request was prompted by numerous statements made by Governor Calvo, his spokesperson, cabinet members and press releases insinuating that the money was used illegally and that the entire amount of the credit will need to be paid back to the Federal Government.

Read Senator Pangelinan’s letter to IG

            “I will not sit back and let the people of Guam continue to be deceived by the Calvo administration about the Make Work Pay Credit.  The Governor continues to present half-truths and make reckless statements that are causing distrust and calling into question the integrity of our public servants.  In an effort to end the Governor’s speculation, I am calling on the U.S. Department of Treasury to come to Guam and get to the bottom of the serious accusations made by the Governor.” stated the senior lawmaker from Barrigada.

There are three specific areas of concern that Senator Pangelinan requests be determined by the audit:

1)      Were the funds illegally used;

2)      A reconciliation of the advance reimbursements against taxpayers claiming the credit;

3)      The determination of liability to Guam or the IRS for underpayment or overpayment of the credits.

 

“If someone has broken the law, they should be held accountable by the facts and not by reckless statements and press releases” stated the senior senator from Barrigada

PANGELINAN REQUESTS INSPECTOR GENERAL FOR TAX ADMINISTRATION

TO AUDIT MAKE WORK PAY ADVANCE REIMBURSEMENT

 

FOR IMMEDIATE NEWS RELEASE (February 6, 2011– Hagåtña) Senator ben c. pangelinan (D), Chairman of the Committee on Appropriations, Taxation, Banking, Retirement, Insurance, and Land sent a letter to J. Russell George, the United States Inspector General for Tax Administration requesting an audit of the $72 million dollars of Make Work Pay Credit advance reimbursement.  The request was prompted by numerous statements made by Governor Calvo, his spokesperson, cabinet members and press releases insinuating that the money was used illegally and that the entire amount of the credit will need to be paid back to the Federal Government.

            “I will not sit back and let the people of Guam continue to be deceived by the Calvo administration about the Make Work Pay Credit.  The Governor continues to present half-truths and make reckless statements that are causing distrust and calling into question the integrity of our public servants.  In an effort to end the Governor’s speculation, I am calling on the U.S. Department of Treasury to come to Guam and get to the bottom of the serious accusations made by the Governor.” stated the senior lawmaker from Barrigada. 

There are three specific areas of concern that Senator Pangelinan requests be determined by the audit:

1)      Were the funds illegally used;

2)      A reconciliation of the advance reimbursements against taxpayers claiming the credit;

3)      The determination of liability to Guam or the IRS for underpayment or overpayment of the credits.

 

“If someone has broken the law, they should be held accountable by the facts and not by reckless statements and press releases” stated the senior senator from Barrigada