Online Stock Trading - Geithner Approved - Have Your Vote
What do you think? Should Tim Geithner be US Treasury Secretary? Please take the time to vote in the poll here at - GeithnerGate - so far the vote is 87% against.
Timothy Geithner has been sworn in as Treasury Secretary just two hours after his nomination was confirmed by the Senate.
Geithner was approved by a vote of 60-34 vote, in spite of that the fact that his credibility has been damaged by his failure to pay over $34k in Medicare and Social Security taxes between 2001 and 2004. Since his nomination he has paid $42,704 in overdue taxes.
He has repeatedly described his failure to pay these taxes as “careless mistakes" and "avoidable mistakes" that were "unintentional”. Youwould think with the amount of money he kaes he could afford a decent tax advisor or tax attorney.
The large number of votes against Tim Geithner, is a sign of unease among Republicans and also a few Democrats about his tax problems and his forgetfulness. Also one suspects about President Obama's judgement.
Senator Charles Grassely raning member of the Senate Finacne Committe said “In the past, nominees who had tax issues as serious as this nominee’s, and some who have had less serious issues, have not attained Senate confirmation. I feel it is improper to judge this nominee by a different standard. I realize that times are tough right now, but if anything, that should be an incentive for us to raise our standards and not lower them.”
For some strange reasons however some people seem to think it's OK for the head of US Finances to suffer from memory lapses, claiming that income tax forms for the self-employed (which Mr Geithner was at the time) are very complicated.
According to President Obama however, Tim Geithner is "uniquely qualified for the post" as he has close ties with Wall Street, having played a significant role in the bail-outs of Bear Stearns, AIG and letting Lehmans go to the wall.
At the daily White House press conference, White House spokesman Robert Gibbs was asked by why it was that tax-evasion landed Wesley Snipes in jail but seems to be of no consequence for the next Treasury Secretary, Timothy Geithner?
For a novel view on why Tim Geithner is the right choice for US Treasury Secretary and why not paying taxes is patriotic see - Tim Geithner Tax Cheat
Please vote here GeithnerGate . Thank you.
0 comments:
Post a Comment