Federal audit of tax credit program sought - KUAM.com-KUAM News: On Air. Online. On Demand.

Federal audit of tax credit program sought

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by Sabrina Salas Matanane

Guam - Chairman of the Legislative Committee on Finance, Senator Ben Pangelinan, is seeking the federal government's intervention in getting to the bottom of the Make Work Pay Credit debacle, which Adelup and the Department of Revenue & Taxation argues a majority was spent by the previous administration for other priorities rather than on tax refunds.

He's asked the U.S. Inspector General to audit the $72 million that was reimbursed to GovGuam in advance. He's also criticized the Calvo Administration of presenting half-truths and reckless statements causing distrust and calling into question the integrity of Guam's public servants.

Adelup responds by saying the fact remains that most of that money was not spent on that program, and the Calvo Administration is now is challenged to find additional cash to pay families the assistance they were supposed to receive.  The tax credits we don't pay to working families by 2013, will need to be returned to the federal government.

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