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Topic: Obama's Treasury pick - a bad accountant
Lynann's photo
Wed 01/14/09 08:33 AM
Okay, let's straighten this out.

The portion of the taxes initial not paid were the employers. He worked for the IMF. The IMF does not withhold employee taxes or pay the employer portion either. Instead they pay their employees and ask them to pay both portions.

The unpaid taxes were not discovered in an IRS audit but were discovered by the Obama teams vetting process and have been paid.

Who among us has not made an honest mistake when paying their taxes?


no photo
Wed 01/14/09 09:56 AM
The committee notes that Geithner failed to pay his Social Security taxes while employed at IMF from 2001 to 2003 – even though he was provided documents that explained that he was required to do so.

In addition, Geithner included payments to overnight camps in calculating his dependent child care credit in 2001, 2004 and 2005. His accountant informed him in 2006 the camps were not allowable expenses. The committee notes that Geithner did not file amended returns to fix the mistake.

Geez, if you going to be Secretary of the Treasury I going to expect that your own house be in order..... Otherwise I don't trust you.

no photo
Wed 01/14/09 10:15 AM

Okay, let's straighten this out.

The portion of the taxes initial not paid were the employers. He worked for the IMF. The IMF does not withhold employee taxes or pay the employer portion either. Instead they pay their employees and ask them to pay both portions.

The unpaid taxes were not discovered in an IRS audit but were discovered by the Obama teams vetting process and have been paid.

Who among us has not made an honest mistake when paying their taxes?




It appears from what I'm reading the IRS sent him a bill that he didn't fully pay. Or file amended returns. Look the other way if you must but like Burris he should be done in my opinion. Now don't take me wrong about Burris, only saying that through Burris the corrupt govenor of Illinois has played Obama and the democrats.

He had paid some of the back taxes in 2006 after the IRS sent him a bill.

Winx's photo
Wed 01/14/09 02:08 PM
Edited by Winx on Wed 01/14/09 02:11 PM
More information:

Obama: Geithner will be confirmed despite mistake

By JULIE HIRSCHFELD DAVIS, Associated Press Writer Julie Hirschfeld Davis, Associated Press Writer – 4 mins ago
Jan. 14, 2009

WASHINGTON – President-elect Barack Obama called disclosures about Treasury choice Timothy Geithner's tax problems an embarrassment Wednesday but said Geithner's "innocent mistake" shouldn't keep him from confirmation as the new administration's top official in urgent efforts to revive the economy.

The revelations that Geithner had failed to pay $34,000 in taxes several years ago derailed Senate Democrats' plans to speed him to confirmation by Inauguration Day, but senators in both parties said the information was unlikely to torpedo his chances in the end.

Obama had hoped for approval by Tuesday, but senators now have scheduled Geithner's confirmation hearing for next Wednesday, with Senate debate and a vote sometime after that.

Two Republicans objected to scheduling a confirmation hearing this Friday at the Senate Finance Committee after the panel disclosed Geithner had failed to pay taxes he owed for several years. Democrats were working to clear away the obstacles, holding out hope that he could still be confirmed the day Obama is sworn in.

The president-elect, asked about the situation on Wednesday, said, "Look is this an embarrassment for him? Yes. He said so himself. But it was an innocent mistake. It is a mistake that is commonly made for people who are working internationally or for international institutions. It has been corrected. He paid the penalties."

"My expectation is that Tim Geithner will be confirmed," Obama said.

He spoke at his transition office after a meeting with Vice President-elect Joe Biden and Sen. Lindsey Graham, R-S.C., about their recent trip to Afghanistan, Pakistan, Iraq and Kuwait.

Democrats and Republicans on the Finance Committee voiced strong support for Geithner, who was phoning senators individually in an effort to persuade them his tax problems were the result of innocent errors, not deliberate attempts to avoid paying the Internal Revenue Service.

Senators' comments suggested that Geithner's tax troubles are being viewed on Capitol Hill more as embarrassing mistakes than as disqualifying misdeeds. That's despite the fact that tax problems have sunk other government nominees, including Zoe Baird, Bill Clinton's choice for attorney general, who stepped aside when word leaked that she had hired illegal immigrants as household workers and failed to pay their Social Security taxes.

"It's an honest mistake," said Sen. Max Baucus, the Montana Democrat who chairs the committee, adding that Geithner's confirmation was "a given."

Geithner is "very, very competent, and add to that the country needs to have an economic team in place immediately to address the dire economic problems," he said.

Sen. Jon S. Kyl of Arizona, the No. 2 Republican, is blocking the hearing by insisting on rules that require a full week's notice for scheduling such a session, according to an aide close to the confirmation process. Kyl's objection was disclosed on condition of anonymity because the aide was not authorized to announce it.

A second Finance Committee Republican, Sen. Jim Bunning of Kentucky, was also balking at expediting the hearing.

"Senator Bunning did not feel it was appropriate to rush forward with the hearing this week in light of the late-breaking information," said his spokesman, Mike Reynard. "He wanted more time to carefully consider" the disclosures.

Sen. Charles E. Grassley, the senior Finance Republican, said he was not inclined to oppose a quick hearing. He planned to meet individually with other GOP members of the panel to see whether they could agree on the Friday session.

"I'm not saying at this point it's disqualifying," Grassley told reporters in a conference call. "But it's a little more important about income tax for somebody that's overseeing the IRS than there is, maybe, for the secretary of agriculture, as an example."

Whenever he goes before the Finance panel, Geithner — whose responsibilities in his new post would include authority over the IRS — is likely to face a grilling about his tax errors.

He failed to pay self-employment taxes for money he earned from 2001 to 2004 while working for the International Monetary Fund, according to materials released by the committee Tuesday.

He paid some of the taxes in 2006, after an IRS audit discovered the discrepancy for taxes paid in 2003 and 2004. But it wasn't until much later — days before Obama tapped him to head Treasury late last year — that Geithner paid back most of the taxes, incurred in 2001 and 2002. He did so after Obama's transition team found that Geithner had made the same tax mistake his first two years at the IMF as the one the IRS found he made during his last two years there.

Despite the disclosures, several committee Republicans appeared to be leaning toward backing Geithner. Sen. Orrin G. Hatch of Utah called the tax problems "a mistake that a human being can make."

"I'm confident in the man's ability. I think he's a very fine man. I'm not one that holds mistakes against people," Hatch said.

Sen. John Ensign, R-Nev., who said he spoke with Geithner for about a half-hour Wednesday morning, said he didn't foresee trouble for the nominee.

"I don't think I see enough in there to cause a problem," Ensign said. "It's very, very easy to make honest mistakes."

Sen. Pat Roberts, R-Kan., said he'd probably vote to confirm Geithner.

Obama's team informed Baucus and Grassley of the problems in early December, and a subsequent investigation by their staffs unearthed another embarrassing detail about Geithner: that a housekeeper he employed in 2005 allowed her legal immigrant work status to lapse for three and a half months.

It was the unpaid taxes, though, that were proving more damaging. Obama's team says his mistake was a common one for people hired by international organizations and foreign embassies that don't pay the employer share of Social Security taxes. The IRS estimated in 2006 that as many as half those employees had made tax-filing mistakes, and offered a group settlement to let them correct the errors.

But the Finance Committee, in 30 pages of documents released on Tuesday, noted that the IMF issues several clear guidelines each year for its employees detailing their responsibility to pay all their self-employment taxes, and that Geithner had signed annual statements saying that he would do so. He also had experience dealing with such taxes, the panel noted.




no photo
Wed 01/14/09 02:12 PM
If this had been a republican, he would already be toast and the same applies to Burris.

I'm not excited about a man being the Secretary of the Treasury when his own house is out of order for many years.
Incompetence, plain and simple.

Winx's photo
Wed 01/14/09 02:14 PM

If this had been a republican, he would already be toast and the same applies to Burris.

I'm not excited about a man being the Secretary of the Treasury when his own house is out of order for many years.
Incompetence, plain and simple.


From my article:

Despite the disclosures, several committee Republicans appeared to be leaning toward backing Geithner. Sen. Orrin G. Hatch of Utah called the tax problems "a mistake that a human being can make."

no photo
Wed 01/14/09 02:18 PM


If this had been a republican, he would already be toast and the same applies to Burris.

I'm not excited about a man being the Secretary of the Treasury when his own house is out of order for many years.
Incompetence, plain and simple.


From my article:

Despite the disclosures, several committee Republicans appeared to be leaning toward backing Geithner. Sen. Orrin G. Hatch of Utah called the tax problems "a mistake that a human being can make."


We can't afford a Secretary of the Treasury that can't even file his taxes right....What else can't he do?

Lynann's photo
Wed 01/14/09 03:30 PM
If Sen. Orrin G. Hatch of Utah has seen the material and information first hand regarding this and feels okay about the confirmation I'd say other republicans will as well. Sure some will object but honestly if this were a criminal act or an intent to defraud the government hatch would be on it like flies on...well you understand.

It's easy to make errors when paying taxes.

Indeed, when subject to an audit the IRS did not find these errors themselves.

I think it's commendable that the vetting team found them and that these errors were disclosed and addressed.

And please...don't say if this were a republican...this incident did not involve bathroom stalls, mistresses or minor same sex senate pages.

warmachine's photo
Wed 01/14/09 04:34 PM
I'm pretty concerned about this appointment as well.


Obama’s Energy Czar: Socialist Agent For World Government

Socialist International scrubs Carol Browner but deep connections to Bilderberg and globalist agenda remain

Paul Joseph Watson
Prison Planet.com
Friday, January 9, 2009

Barack Obama’s “climate czar” Carol Browner has been exposed as being a member of Socialist International, a highly influential group headed by a Bilderberg Group luminary that calls for the implementation of global government, despite Socialist International’s attempts to seemingly “memory-hole” information about Browner on their website.

It doesn’t take a rocket scientist to understand that Obama and his cabinet are preparing to exploit fearmongering about global warming to push new measures of taxation, regulation and internationalism. Obama himself has vigorously promoted the revival of a bill that would slash carbon emissions by 80 per cent, a move that would inflict a new Great Depression, cost millions of jobs, and sink America to near third world status.

Obama has also publicly stated his intention to create a new infrastructure of “green brigades” and informants to regulate every aspect of our behavior in the name of saving the planet under the guise of a “national civilian security force,” a cadre we are guaranteed will be as strong or stronger than the U.S. Army.

To carry out this agenda, Obama is busy filling his cabinet with extremists who are members of organizations that are openly hostile to America remaining a free market society and a sovereign country.

Carol Browner, who is is slated to be Assistant to the President for Energy and Climate Change in the Obama Administration, is a member of Socialist International, a group that calls for the institution of “democratic forms of global governance as the foundation for building a peaceful and sustainable world society overall.”

That’s funny, because I don’t remember reading anywhere in the Constitution, the document that Obama will swear to uphold at his inauguration on January 20, about “global governance” or the need to implement it. Indeed, global governance in any form is inherently undemocratic because it centralizes more power into fewer hands.

Socialist International’s charter of principles also states that “A principal task of new global governance must be to ensure that the benefits of global economic growth and the opportunities for economic development are distributed fairly” (a ‘benign’ socialist world government).

The group also calls for a new international financial framework to replace Bretton Woods, a proposal that Obama has staunchly advocated.

Socialist International has deep connections with the Bilderberg Group. The former President of Socialist International, António Guterres, is a Bilderberg member, as is current President George A. Papandreou. Other Socialist International vice-presidents include Israeli Minister of Defense Ehud Barak and Gordon Brown, the current British Prime Minister.

At the Congress of the Socialist International held last June 30-July 2, the organization all but announced its plan to mandate an international tax in the name of combating global warming. “Market solutions alone are insufficient and will not provide the financial support and resources necessary to achieve the required combination of deep emission reduction, adaptation to already changing climate conditions, energy security and equitable and environmentally sound economic development,” according to the group.

“Again, that’s bureaucratese,” writes the DC Examiner, “It means that international taxes should be imposed to provide the “resources necessary” to impose what the CSWS repeatedly refers to as a ‘regime” against “global warming.” By appointing Browner to a White House post, Obama has at the least implicitly endorsed an utterly radical socialist agenda for his administration’s environmental policy. The incoming chief executive thus strengthens critics who contend environmental policies aren’t really about protecting endangered species or preserving virgin lands, but rather expanding government power and limiting individual freedom.”

“Conservatives are often accused of scaremongering when they claim left-wing environmentalists are actually socialists hiding behind green disguises. But with Carol Browner, incoming President Barack Obama’s freshly appointed Assistant to the President for Energy and Climate Change – the so-called White House “Climate Czar” - there is no question about the socialism.”

Oddly enough, as soon as blogs began talking about Browner’s socialist affiliations, the Socialist International website scrubbed from its web site the fact that President-elect Obama’s energy/environment czar was an official with SI.

As the Junk Science blog notes, “If there’s nothing wrong with an acknowledged socialist being a top Obama administration official, then what’s up with the mysterious and Stalinist-like disappearance of Browner from SI’s web site?” Junk Science was able to save a PDF file showing Browner’s photo on the website as of January 2, but you won’t find it there now.

http://www.junkscience.com/jan09/SI_Browner_010209.pdf

http://melbourne.indymedia.org/news/2006/12/133110.php

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