Geithner must go! What happens if you or I “forgot” to pay $30,000 in taxes?
B. Hussein Obama continually promised on the campaign trail that if elected, he would change the way that Washington works. Yes, we shouldn’t pay too much attention to the rhetoric used by a candidate when he is running for office – especially someone like Obama whose Cotton Candy Candidacy was short on specifics and long on meaningless drivel. Lets see the so called “new style” so far. Climate “Czar” Carol Browner and her ties to socialsm, Bill Richardson and his pay to play problem, Chief of State Rahm Emanule’s possible links to BlagObamagate, and of course the Attorney General pick of Eric Holder who pardoneed Marc Rich and Puetro Rican terrorists, during his time under Clinton. But when you consider that the man made such a huge deal about bringing a “new kind of politics” to Washington and reforming the government, Obama’s attachment to Treasury Secretary Designate Timothy Geithner is both puzzling and troubling.
The DC Examiner thinks Geithner should get the hook:
Timothy Geithner, President-elect Barack Obama’s nominee for Secretary of the U.S. Treasury, didn’t pay his federal self-employment taxes for four years because he “forgot.” That is no longer a credible explanation in view of yesterday’s reporting by National Review’s Byron York. The claim that he forgot simply doesn’t square with the fact that for four years Geithner accepted reimbursement from the International Monetary Fund (IMF) to cover federal taxes he had not paid, according to Senate confirmation documents examined by York. The IMF is an international agency and as such does not pay federal or state taxes owed by employees who are U.S. citizens.
More specifically, he failed to pay self-employment taxes – Social Security or Medicare – while employed at the IMF until he was audited by the IRS in 2006. At that point, Geithner made good on his 2003 and 2004 obligations, but still failed to pay the amounts due for 2002 and 2001. It was only after he was named by Obama to succeed Henry Paulson at Treasury that Geithner took care of the obligations for 2001 and 2002.This is especially damning because on the IMF’s Annual Tax Allowance Request, Geithner promised to “pay the taxes for which I have received tax allowance payments…” If, as The Wall Street Journal reported, Geithner was told by one of his accountants that he wasn’t obligated to pay the taxes, he shouldn’t have signed the IMF document promising to make the payments. Clearly, he should not have accepted the reimbursements.
Geithner also received an annual reminder from the IMF that he was responsible for paying his taxes. He applied for a reimbursement each year from 2001 through 2004, but then pocketed the cash instead of forwarding it to the IRS. Doing so four years in a row is not merely an “honest mistake,” as the Obama transition team maintains.