Friday, June 29, 2007

Bid To End Private Collection Dies

According to CBS News the United States House of Representatives attempted to essentially eliminate the IRS’s program that outsourcers part of its debt collection to private agencies by lower the programs fiscal budget to only $1 million. However defenders of the private debt collection program were able to use a procedural move remove the provision in the Treasury Department spending bill. Since the program began, the private agencies have worked on nearly 38,000 cases and have collected almost $20 million.