While the federal government has allotted more than $5 trillion to COVID-19 economic relief and stimulus, undetermined billions in taxpayer dollars have been fraudulently siphoned from the aid spending, likely amounting to the “biggest fraud that the country’s seen,” according to Americans for Tax Reform.
“The U.S. federal government has already dedicated over $5 trillion to combatting the COVID-19 pandemic,” Dan Savickas, director of tech policy at Taxpayers Protection Alliance, told Just the News on Wednesday. “These funds came with very few safeguards to ensure they ended up in the hands of families and businesses that actually needed it.
“It’s estimated that every dollar of wages saved by the relief money cost American taxpayers $4.13. This is not to mention also the inflation that came as a result of this profligate spending.”