A new report by the Government Accountability Office has revealed that the Trump administration has released $1.4 billion to a million dead people.
The government stimulus checks has provided a vital lifeline to a flatlining economy but the administration has been criticized for handing juicy loans intended for small businesses to large national restaurant chains, like Shake Shack and Ruth’s Chris Steakhouse. But at least they're alive.
The Government Accountability Office, a federal watchdog, blamed the error in its report Thursday on a failure to share Social Security Act death records with the Treasury Department and the Internal Revenue Service, which sent out individual stimulus checks of up to $1,200 this spring in an attempt to ward off a full-scale economic collapse as states across the country issued shut-down orders.
“We maintain that providing Treasury with access to SSA’s full set of death records, and requiring that Treasury consistently use it, could help reduce similar types of improper payments in other circumstances,” the government watchdog agency said in a report released Thursday.
From Vice :
The size of the mistake illustrates just how monstrously huge the coronavirus bailout was in the first place.
A billion dollars may sound like a lot to accidentally give to the dead, but with a program this large, it’s a drop in the bucket. The IRS and Treasury made 160 million payments worth $269 billion to taxpayers as of May 31, the watchdog said. So the $1.4 billion is only about half of one percent of the total.