Milgram: IRS paid $200B in ERTC claims within one year
Andrew Milgram · The Data on America's Economic Split | Andrew Milgram Interview · Invest Like The Best · Aug 5, 2025 · at 1:03:38
Andrew Milgram, Co-CIO of Marblegate Asset Management, discusses the massive scale and unintended size of the CARES Act Employee Retention Tax Credit program.
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“I think when the government did this we've heard some estimates that say they anticipated it to be a fifty billion dollar program. About a year in they had paid out two hundred billion.”
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