Sunday, January 18, 2009

Geithner's failure to pay taxes just an 'honest mistake'?,CST-EDT-simon18.article

The economy is teetering on the brink, and we need to cut corners a little. We can't be all that scrupulous and nitpicky when the future of the nation is at stake.

So in November, Team Obama announced that Geithner had this little problem and was paying his back taxes with interest and that it was all an honest mistake and no big deal, right?

Wrong. They decided to keep it a secret. But the Wall Street Journal discovered it and blew the whistle Tuesday.

The Senate Finance Committee has been looking into Geithner -- it has to vote on his appointment -- and discovered something else.

According to Gordon and Parnes: "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 that the camps were not allowable expenses. The committee notes that Geithner did not file amended returns to fix the mistake."

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