SubscribeIs Geithner’s resignation next ?
February 3, 2009 2:50 pm
In the top picks for President Obama’s cabinet a plague of tax issues seems to be creating quite a stir. The latest embarrassment has been the finding that Tom Daschle has over $140,000 in unpaid taxes and interest. Now it appears that he is resigning in shame for not coming clean with this small accounting error. This comes on the heels of Nancy Killerfer’s problems with Washington D.C. unemployment tax and Timothy Geithner troubles with Social Security and Medicare taxes. Tom Daschle has recently withdrawn himself from heading up the Department of Health and Human Service under President Barack Obama. Nancy Killerfer also recently withdrew her name from consideration as President Obama’s Chief Performance Officer citing similar tax problems.
This may give us at least some sense of relief that there are checks and balances in place to show that breaking the law will not be tolerated. Our economy has already been demolished by those who have taken extreme risks to get ahead at the expense of the taxpayer. The last thing we need is more of our government officials violating our trust.
The question then remains: When/should Timothy Geithner resign? If there was intent to defraud the IRS of their due share, then we propose that he should resign. Of course no one “wants” to pay taxes, but it is the law and we need to have the person who is charged with the responsibility of mopping up the giant mess within our financial markets to have a clean record. We should not allow those that cannot follow the rules to be involved with setting our government policies when they are unable to do the same on the personal taxes.
If this problem is all about the complicated tax system, then that is a different story. Sure, taxes have become increasingly complicated with the number of deductions, credits and limitations available – but somehow, it seems that the next Treasury Secretary should be able to handle a 1040. Right?
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8 Responses to “Is Geithner’s resignation next ?”
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geithner won't resign because he is from GS. His first assistant is from GS. GS still has some maneuvering to do IMO because there probably is going to be another shock or failure this year. I do not have any advance knowledge but just an opinion based on the last 3 years of shenanigans.
Do you even have a clue? Geither was approved by the Senate knowing this already.
Why would he resign when he's just been APPOINTED.
The writing is on the wall…. Get rid of the IRS!!!
Flat tax, flat tax, flat tax…
The only problem is that is would flush tens/hundreds of thousands of jobs down the toilet.
Yes, Mr. Geither should resign.
He should resign. If his record is not perfect, which it isn't, he should resign. He should never have been approved as the person in charge of the IRS (Treasury Department) when he did not pay his taxes or the taxes for his maid..
But then again, we allowed Mr. Cheney to keep all of his stock options in Halliburton, which he said that he would donate to prevent a conflict of interest.and which increased 4,000% because of contracts in Iraq…who are we?
I think it is too late, he will stay. I am Obama supporter, but I didn't like the pick even before the tax stuff came out.
You know What, I knew about him before and I really thought is several times that Geither should resign.