A key component of President Obama's proposed tax reform has led to massive fraud and collection losses for the federal government, according to a new IRS report. 
The Senate’s top Democrat is proud of securing taxpayer backing for a green energy company accused by former employees of fraudulently obtaining federal grant money, his office said this week. 
Almost six years after the passage of the stimulus package, taxpayer dollars have finally found their way into a shovel ready project: $60,000 to haul horse manure.
Being Kay Hagan (or a member of her immediate family) is a pretty good gig if you can find it. As a Democratic senator, Hagan has significantly increased her net worth since getting elected and her husband, son, and son-in-law have received taxpayer funding for their businesses. Additionally, she appears to have convinced the local media that stories reflecting poorly on her are unfit for print.
The Charlotte Observer is under fire from Republicans for pulling a story about Hagan and the stimulus grants her family received. After briefly posting a story about state government officials calling for a “legal review” of the grants—with the headline: “Memo: Grant given to company run by Sen. Hagan's husband needs 'legal review'”—the Observer erased the story from its website.
Here is the cached version: 
Unlike John Fogerty, Tilden Hagan is a Senator’s son, and, shockingly, things have worked out pretty well for him. By sheer coincidence, after his mom voted for the 2009 stimulus package, a company Tilden Hagan co-owned with his future brother-in-law was awarded a taxpayer-funded contract to install solar panels. The company overseeing the project, JDC Manufacturing, was, by sheer coincidence, owned by Tilden’s dad. The deal appears to have violated JDC’s own conflict-of-interest policy. Oh well.
An incumbent senator voted for a massive taxpayer stimulus that just happened to benefit businesses owned by that senator’s immediate family members. That same senator later recommended someone to lead a government agency that is currently stonewalling journalist requests to obtain documents related to that stimulus funding. Some would call that cronyism. Either way, it looks pretty bad for Senate Kay Hagan (D., N.C.).
Hagan has come under fire in recent weeks amid reports that businesses owned by her husband, son, and son-in-law directly benefited from the federal stimulus package Hagan voted for in 2009. The Carolina Journal has been all over the story, but encountered a roadblock recently while trying to obtain documents related to the stimulus award from the U.S. Department of Agriculture: 
POLITICO has hired stimulus apologist and Tim Geithner collaborator Michael Grunwald, the trade publication’s editor announced on Tuesday. Grunwald will serve as a senior staff writer for POLITICO Magazine, as well as the editor-at-large of a forthcoming POLITICO venture. 
In the film Office Space, Tom Smykowski gets fired after a couple of outside consultants realize that his job is essentially pointless and he contributes nothing of value to the company. Here’s the clip, which you’ve probably seen: 
North Carolina Republicans are asking the Senate Ethics Committee to investigate Sen. Kay Hagan (D., N.C.), who has come under fire after revelations that her husband’s company, JDC Manufacturing, received nearly $400,000 in tax credits as part of the controversial 2009 stimulus package, which Hagan supported. 
As of 2012, Sen. Kay Hagan (D., N.C.) was the ninth-wealthiest member of the Senate, with an estimated net worth of $24 million. Much of that is tied to her husband, Chip, who is a partner at a Greensboro law firm and holds investments in a number of businesses. One of those businesses is JDC Manufacturing, which he co-owns with his two brothers.
THE POLITICO reports that JDC Manufacturing received almost $400,000 in federal grants and tax credits for green energy projects as part of the 2009 stimulus package: 