Dems scramble following Geithner report
By JOHN BRESNAHAN
Politico
1/13/09
Democratic senators have gathered in an emergency meeting discussing the fate of Treasury nominee Timothy Geithner, who is under scrutiny after a report that he did not pay payroll taxes for his housekeeper.
Sen. Charles Grassley (R-Iowa) has raised questions about the immigration status the housekeeper, and is also questioning why Geithner did not pay Social Security and Medicare taxes, The Wall Street Journal first reported this afternoon.
The Senate Finance Committee has known about Geithner’s tax problems since Dec. 5, but the details are just being made public now, Senate aides said. Finance Committee Chairman Max Baucus says Geithner made a “serious mistake” but adds that the allegations are not enough to “disqualify” Geithner from consideration.
Two issues have emerged for Geithner in his confirmation: First, while working for the International Monetary Fund in the early 2000s, Geithner failed to fully pay his withholding taxes. Second, an immigrant who was working for Geithner during 2004-05 had her work authorization expire before she left Geithner's employment. Between 2001 and 2004, Geithner had to pay $50,000 in back taxes, according to Senate Republican aides involved in the investigation.
(More here.)
Politico
1/13/09
Democratic senators have gathered in an emergency meeting discussing the fate of Treasury nominee Timothy Geithner, who is under scrutiny after a report that he did not pay payroll taxes for his housekeeper.
Sen. Charles Grassley (R-Iowa) has raised questions about the immigration status the housekeeper, and is also questioning why Geithner did not pay Social Security and Medicare taxes, The Wall Street Journal first reported this afternoon.
The Senate Finance Committee has known about Geithner’s tax problems since Dec. 5, but the details are just being made public now, Senate aides said. Finance Committee Chairman Max Baucus says Geithner made a “serious mistake” but adds that the allegations are not enough to “disqualify” Geithner from consideration.
Two issues have emerged for Geithner in his confirmation: First, while working for the International Monetary Fund in the early 2000s, Geithner failed to fully pay his withholding taxes. Second, an immigrant who was working for Geithner during 2004-05 had her work authorization expire before she left Geithner's employment. Between 2001 and 2004, Geithner had to pay $50,000 in back taxes, according to Senate Republican aides involved in the investigation.
(More here.)
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