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Articles Tagged: "Government Waste"

Government Waste

NEWS: California lawmakers: State-employee transfer scam a ‘serious issue,’ deserves legislative action

The Sacramento Bee reports legislators from both political parties are expressing concern over a recently uncovered scheme that may allow bureaucrats to illegally transfer up to $80 million into their departments annually. However, despite the expressions of concern, some Republicans believe the majority party may not be adequately determined to end this corrupt practice.

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NEWS: IRS Awards Bonuses to 1,100 Who Owe Back Taxes

The Associated Press reports according to a federal investigator, the Internal Revenue Service has paid more than $2.8 million in bonuses to employees with recent disciplinary problems, including $1 million to workers who owed back taxes.

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NEWS: Taxpayer-Backed Electric Car Company Closes U.S. Factory

FreeBeacon.com reports Missouri-based Smith Electric Vehicles said this week that it is suspending operations in the United States due to a “tight cash-flow situation.” Its financial troubles came despite nearly $30 million in funds from the Department of Energy granted to the company through President Obama’s 2009 stimulus package.

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Filed Under: News

NEWS: EDD missed out on more than $500 million in revenue, auditor says

The Los Angeles Times reports the California Employment Development Department missed out on $516 million in revenue because it failed to take advantage of a new federal program. The agency could have collected the money if it had invested in computer modifications that would have allowed it to recover overpayments of unemployment benefits.

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NEWS: California takes down online health insurance exchange for small businesses

The Washington Post reports California has temporarily shutter its new online health insurance marketplace for small business only four months after it launched, dealing yet another blow to a key element of the health care law meant to lower costs for employers.

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Filed Under: News