What’s Up With Treasury Nominee Geithner?

by James & Miel on January 22, 2009 · 0 comments

Hello All,

You’ve probably been following the controversy surrounding Treasury Secretary nominee Geithner. It came out a couple of days ago, that he underpaid his taxes by several thousand dollars for several years dating back to at least 2001.

Well, now his congressional testimony implies that he’s blaming the tax preparation software package TurboTax for the problem. The story is at the tax prof blog.

While I think most Americans want to give the new administration the benefit of the doubt, Geither’s involvement in the recent bailout policies and his seeming inability to pay his own taxes properly suggests that perhaps the Obama administration should look elsewhere for a treasury nominee. With peoples homes, jobs and livelihoods on the line, there is simply no room for silly errors, or more ineffective policies.



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