FROM CNN's Jack Cafferty:
Timothy Geithner, the president of the Federal Reserve Bank of New York and Obama's pick for Secretary of Treasury, hit a road block yesterday on his path to Washington to lead the nation through the current economic crisis.
Geithner's confirmation hearing is now rescheduled for after the inauguration.
His confirmation hearing turned into a closed door meeting between members of the Senate Finance Committee and the would-be Secretary. At issue, were Geithner's failure to pay Social Security and Medicare taxes while he worked at the International Monetary Fund and employing an immigrant housekeeper who had expired work papers for three months.
The President-elect and his aides chalked these problems up as honest mistakes. They were quick to point out that all back taxes, interest and penalties have been paid and filings were amended.
As Treasury Secretary, Geithner will ultimately oversee the IRS, so his tax mistakes conceivably could be an issue.
Some members of the committee said they still support Geithner, who's been widely praised for his experience. Others aren't willing to give him a pass just yet.
As for the housekeeper, she's married to an American and has her green card now.
Geithner's confirmation hearing is now rescheduled for next week, after the inauguration.
Here’s my question to you: Should Timothy Geithner's tax and housekeeper problems cost him the post of Secretary of Treasury?
Interested to know which ones made it on air?
Dan from Chantilly, Virginia writes:
I couldn't care less about the housekeeper thing, but the failure to pay taxes, that's a bit of an issue. An "honest mistake" is something that Joe Schmo everyday American does on their taxes. A guy like Geithner who is supposed to be a financial guru doesn't make "honest mistakes" on tax forms.
Claudia from Houston, Texas writes:
If the economy and war didn't cost President George W. Bush his job then Geithner's confirmation should be smooth sailing. Our so called "value" system is almost too low to go cherry picking anyone.
Gerald from Queens, New York writes:
If the IRS told me that I owed them additional monies, I think I would get the message on the first notification. On the fourth notification I think the IRS would be thinking of jail time for me. This is not an honest mistake by a long shot. It's only honest when a politician is involved.
Sandy from Knoxville, Tennessee writes:
From what I understand, he has unique experiences that make him valuable for the success of the Obama team. These are extraordinary times and we need all the help we can muster.
Jane from Milwaukee, Wisconsin writes:
Geithner was trying his very best not to pay taxes. He knew there was a possibility because of the six year statute of limitations; he might get away with 2001 and 2002. He's another crook.
Geithner's taxes are current and his housekeeper is married to a United States citizen. What is the big deal?
Connie from Indiana writes:
Jack, since he will be over the IRS, is that like the fox guarding the hen house. I guess if he does not make it for treasury they can put in charge of immigration.
No, not at all. Geithner's mistake is just that, a mistake. Ok, so it was in the 10's of thousand of dollars. We have the country and trillions of dollars at stake. Henry Paulson has given $350 billion away to who knows, for what? That's the real crime. I just paid the IRS $1,134 for a mistake I made in 2007. Move on.
You know Jack, if God is half as judgmental and unforgiving as the American press, we are in a whole lot of trouble and i don't mean our current depression. Please, let the man be and give him his job senators!
I think he is smarter than most of us. Why are any of us paying income tax? He should be in charge of your money Jack.
Absolutely! How can you do a load of wash if you use dirty water? He has to clean his own house (pun intended) before he can help clean Washington. If he had any character, he would drop out.
Wildwood Crest, NJ
He was scamming, and anything said to the contrary is untrue. I say the question of honesty should be the clincher, because the IRS is a bunch of illiterates, that don't understand the tax code themselves. Obama, get out the hatchet. This one should go down.
On this appointment I would say a big yes. If he can not keep his own affairs in order he should not be in that position. As for the housekeeper part of this story do any of us really know where our housekeeper really comes from or their ture status? That is those few that can afford a housekeeper.
Yup. The Sec. of the Treasury should be beyond reproach on tax issues.
Obama's vetting process was supposed to make all that stuff crystal clear – how did he get this far? Did he lie on the app?
No Jack It should not cost Geithner the Treasury job. What were the Senators who are against his appointment doing when they were informed of the two problems early in December? Why bring it up now? It is not as big a trouble as fraud and money laundering. The Senators are making mountains out of molehills.
The questions to Geithner should revolve around his role in the 1st $350 billion spent and why there is no accountability for the money. The tax & housekeeper issues aren't important. How he's going to fix the financial mess is priority 1.
NO. There are a number of people who make errors on their Taxes and with much higher amounts than Mr Geithner. His Housekeeper had the proper papers except for the last 3 months of her employment, that responsibility should have been the employees, not the employers.
Geithner is the best man for the job that either party has to offer. He was New York Fed President under Bush and oversaw the Bailout to date. It was sheer genius of Obama to propose him as Secretary of the Treasury. The Dems will not shoot down Obama's choice, and the Reps can hardly kick out the very guy who has been overseeing the bailout under their own administration so far.
Why did they prosecute Wesley Snipes if not paying your taxes was an "honest mistake". Give me a break..if Geithner is so smart then he knew darn well that he was delinquent on his past tax bill.
Send him packing!! Thought we were getting some "Change" as opposed to standard political lies.
I think the Congressional committee that will be confirming him needs to check his credentials and if they (credentials) are in order then confirm him. If he has committed a crime, such as not paying taxes, then he should not be confirmed.
ABSOLUTELY.....it's not that he didn't know about owing the taxes, he did! He was audited for 2003 and 2004, and was ordered to pay for those 2 years! Now any competent man would think.....Gee if I owe for those 2 years, surely I must owe for the other 2 years Ive been in business? Either he is Incompetent or Corrupt, neither of which qualify him for the job!
50% yes 50% no but it comes down to who has more political clout ie: pay off to denie or accept.....................oh well you all know how it goes!
it's just sad that of how many qualified people that are out there that would love to serve the President don't because they have no political connection's......now that is change we all can count on!
which president had all "non-bias" men on their administration???
A government employee who did not understand self-employment?
This comes as a shock-I guess taxes are only for the little people. I hope Pres Obama does not forget how he promised to do away with the tax cuts on the wealthy, I guess they are not paying what they owe anyway. I voted for him for many reasons but this was the central reason and I hope he does not forget it.
No. Individuals with a mile of alphabet soup after their names and Mensa memberships can't understand our idiotic tax code. Maybe this will inspire Geithner to work on decoding the darn thing. As for the housekeeper, she should have told him her work eligibility papers had expired. I doubt Mr. Geithner is a mind reader.
Yes. If he can't keep things straight in his own house,I have little confidence in his ability to handle all of the US's money. Just not paying his taxes should be enough to get him disqualified.
Jack: It surely will bring confirmation of his nomination into question, however, Jack, we all know that these errors were not intentional; they were honest mistakes......just as I love you, and the check is in the mail. It probably will not cost him the confirmation, but it should.
Yes timothy Geithner made a choice to avoid payroll taxes,he paid up when caught;either defense stupidy or dishonesty does not wash for someone who would be incharge of the treasury;
Jack: No!! Why are you wasting our time. It is much to do about nothing. He paid his back taxes and he did not know the work permit had expired for the domestic employee. Geo over it, Jack.
If he can't manage his own expenses, how can he be trusted to handle the country's, Jack?
There is no reason that such an indiscretion, which directly reflects upon Geithner’s potentially appointed position, does not deserve equal penance as Pete Rose’s indiscretion with gambling in baseball.
I believe Geithner is the best mind for the job. With the economy as it is Americans are not very forgiving, especially with the handling of their tax dollars, will they forgive a man who didn't play by the rules and trust him to do right by the country , will they trust him enough to make the needed sacrafices to get our economy moving....NO! Graciously step down, Timothy.
We are not perfect either; so is Geithner. If we expect a perfect person, we should invite Almighty to help us. Common, let us give Geithner the benefit of small technical issue.
From a report I heard last night it seemed like a legitamate case of making an error on his taxes. He has already paid most of the back due taxes off and is still making regular payments. Take that for what it is worth.
The housekeeper, probably not. The tax problems, definitely. The IRS is a department of the Treasury, for crying out loud. Why not just make Bernard Madoff the Secretary of Commerce? Maybe we can convice Hugo Chavez to be Secretary of Energy? Bring Osama Bin Laden in for Secretary of Defense.
He may be the best and the brightest, but it sounds like he is also the best at skirting the tax laws. If the Obama team didn't find the problem and tell him to pay up, I bet ya that the taxes STILL would not be paid. Jack, it's time for a change. Washington has to learn that when you do things that are above the law, those things will catch up with you. Creditability, Accountability, Honesty. Let's start there and then work our way up.
Hope we are not going to shoot ourselves in the foot by punishing the one man who understands TARP and can get this economy going. Did he make a mistake, yes, but he has paid the money and that was a mistake anyone could make.
So get off your high horses and start thinking AMERICA FIRST!
Actually, I guy who figured out how to "NOT" pay his taxes is precisely the kind of guy I'd like to have for that job!
We are bordering on a global depression that is beyond comprehension and people are concerned about Geithner's housekeeper. Let's get our priorities straight here.
Is there anyone anywhere who has not run afoul of bureaucracy, whether through bureaucracy's fault or our own? Congressman Barney Frank likes him. If he is okay with Barney, he's okay with me.
Yes. His personal situation, in my opinion, shows his true character.
Oh, no. He is a perfect guy for this administration. Is he also from Illinois?
If this poor guy Geithner has these kind of issues, just imagine what the rest of us who never will be nominated for anything except an IRS lien must face. Get real. None us are perfect, but we Ameicans live in a fantasy world believing that those who lead us or would lead us are perfect. They are. And we are not.
Whoever is holding up Tim Geithner's approval is playing with the potential collapse of our financial system as we know it. This is no longer any time for petty party politics.
He's the best for the job-approve him and let's get on with solving the problems.
Yes. No need to lower the bar.
If I say yes and he gets confirmed anyway, should I worry about being audited by the IRS?
you would think a potential treasury secretary would be able to do his taxes without errors. if it's that difficult, then we should get rid of the IRS.
And I hope that the media will refrain from engaging in a feeding frenzy over the issue, too.
I can appreciate that the Obama Transition Team has provided precious little fodder for the media to thrash over. But, turning this little
tidbit into a banquet feast serves no one's interest. In fact, it would be a tragic dis-service if this resulted in Geithner's withdrawal from nomination!
We have someone who is likely the most qualified nominee to head Treasury in decades, at a time when we DESPERATELY need someone of his caliber, knowledge and experience the most!
When his tax error was pointed out to him during an IRS audit, he corrected it immediately. When it was discovered during the vetting process that *the IRS itself failed to find an additional error* he again corrected it immediately.
The Senate Committee was told about this matter WEEKS ago. Now that the media is aware of it and reporting it (with their typical OMG sensationalism), NOW the Repubs want to throw around some political weight ?!?
C'mon! Give us a break!
Why should it? Problems with "the help" didn't keep Bill Clinton from being President.
My understanding is that Mr. Geithner did eventually pay his taxes.
His housekeeper's immigrant status, how is someone going to know about this?
Its amusing to see Congress and pundits being upset about all of this, when there have been plenty of felons in Congress and we presently, have a criminal in the White House...... George W. Bush, who trashed our Constitution and ignored the Geneva Convention laws on prisoner treatment and torture and has lied to we, the People!
Perhaps this discussion should be left for a time when our nation isn't completely sinking.
Heck no Jack. Give Tax-Free Tim the job. Geithner's tax delinquency is the kind of change I can believe in. Hopefully, the next time I "forget" to pay my taxes, we'll have a kinder and gentler IRS that will forgive and forget my tax liability.
I am a retired teacher who made $6000 as a self-employed reading tutor the last four months of 2008. Yesterday I went online to the SSA and IRS sites and determined how much I owed, then I sent in a check for $918 to IRS before the 1/15/09 deadline. Gross income times 15.3% is required according to the IRS site. How hard is that? I erred on the side of sending a little too much rather than waiting to file my 2008 tax and using the two self-employment deductions we are provided. I will get some of it back later, but I met the deadline. Maybe it is just my 40 year educational background, but aren't we all supposed to "follow the rules?"
It worries me that the future Secretary of the Treasury can't seem to do the same. All of President Elect Obama's appointments appear to be "right-on" until this one. I hope President Obama pulls the plug on this guy TODAY! The new president can't afford to let this one slide in my opinion. All Americans I hope are praying for his success!
Julie in Jacksonville, FL
No. Bush and Cheyney have done far far worse and they were running this country.
Here we go again with a Harvard MBA who thinks he is above the law ala the President and Secretary of the Treasury. we need a law barring that ilk from any government office.
From what I have read this is a common occurance concerning the IMF.In reading articles several prominent republicans are supporting
Geithner. It is more complicated and involved than the headlines
indicate. And his housekeeper is about to receive her green card.
All it takes is one headline grabber to cause sensationalization.
In this case, think the uproar is unfounded.
This was an honest mistake and he shouldn't face any obstacles.
YES! If he can't be honest with his own money than why do we want him in charge of ours!
Jack, I think the bigger question should be “Is Timothy Geithner qualified for the job as Treasury Secretary?” He made good on the taxes and the nanny thing was trivial. I think Senator Kyl from Arizona is looking to be contrary for contrary sake and not for any national interest. I would warn the GOP not to play politics too much with Cabinet positions, because if they do then they put themselves into further alienating the American voter.
I guess anyone can make a mistake–but can't these guys afford good accountants or are they relying on TurboTax? It seems like it's always the same stuff–paying maids and so forth. I'm not rich enough for a maid so I wouldn't have those mistakes to make. Another area but Treasury, I don't think it would matter to me–but putting a guy in charge of the Treasury who can't get his taxes right? It doesn't seem like a good idea to me.
Is Timothy Geithner above the law? You are finding Blago guilty without a trial and hear is the guy that has been found trying in avoid
paying taxes on his income and keeping illegal immigrant in his employ. What is the criterion to get to in Obama's administration.
Is his last name that important.
If this guy cant report his earnings properly how in the world can he manage the department of the treasury ? Being a high profile person do we want to trust someone who hires a person with questionable immigration documents ? Too many issues with this guy I would pass, I dont care how good he is supposed to be.
There is enough skullduggery going on in our financial markets already without putting this man of questionable integrity on point. Obama's transition team really screwed this one up and they need one big public dressing down for it.
Rich people still pay taxes? This happened during the Bush administration? Are you sure he was supposed to pay taxes? He should've worked for Halliburton, he wouldn't have this problem. cy gardner arlington, va
Whether mistakes were due to dishonesty or incompetence, they must clearly rule out the candidate for consideration.
Well speaking of President George W.Bush and Vice President Dick Chaney I was taught if you have nothing good to say' say nothing.That being said blankety blank blank 9/11blank blank war in Irak blank blank Economy and numerous others.Thanks guys.Looking forward to 1/20/09
We let the VP admit to authorizing torture and did nothing. We let Alberto Gonzales lie to Congress and did nothing about it. Why should we now pummel Geithner? Oh, wait... we're talking about the Democrats now.
The two problems should not cause Geithner the treasury job because it is a small thing. Where were the Senators when they were told in December about these problems? What is the necessity of bringing it up now when the cabinet posts were about to be filled to help President-elect obama when he took office.
Geitner maybe be Good as Secretary + maybe being a "Little Crooked" could be a Desirable "Attribute" to be Secretary of the Treasury, I Can't see How, "Cowa-Bunga!"
Another Name that might Fit Geitner that is Fitting would be; Instead of "Secretary of the Treasury", make it "Treasurer of the Usury" of the 1st Part!
Since he repaid the taxes due plus interest no crime has been commited, this issue should be overlooked just as it would be for you and me.
As for the undocumented worker, again I believe no crime has been commited. These were definately bad decisions on his part, but if all Americans would be not offered jobs because of bad decisions they made in their life time, imagine what the unemployment rate would be at today.
I do not see why it should.Most everyone would like to forget there taxes.I sure know That I would.
That all depends on two key factors, the first one is his competency to proform the job of Secretary of Treasury. The second fact is the explaination he provides us with for his failure to pay some back taxes, also if he is planning on paying them off with fines and interest, and his reason for the past housekeeper problem. If both of these facts are positive results for him then it should not prevent him from being confirmed to the position by the Senate...
C.I., New York
we all make mistakes and all politicans are guilty of that,look at the last 8yrs,so 40 thousand is not like 1.2 trillion mistakes,so he will be ok.
It seems as though you cannot commit any crime if you are a Democrat and it makes little or no difference. Not paying taxes is a crime, granted, he did pay penalities. But shouldn't he have known about taxes or ASKED to be sure.....any he is directing Treasury. Or well, he must be a Goldman "multi" so if he knows how to make money-legally or not-we need his help, eh?
And Mr. Cafferty. Your comment about not reading all your email....rather disappointing as to an excuse about any positive things about Bush. You would never print or speak them even if you read it. Pretty one-sided, eh?
Jack, Since he will be over the IRS, is that like the fox guarding the hen house. I guess if he does not make it for treasury they can put in charge of immigration.
Geithner's taxes are current and his housekeeper is married to a United States citizen...what is the big deal?
Some members of congress will grasp at any straw to discredit Barrack Obama and his choices for cabinet membership. In the current economy, the lack of jobs in my own household, any member of Congress who tries to delay any progress on the American peoples behalf might just find themselves looking for a job!...Unemployed people won't have anything better to do with their time, so we might as well campaign against those self centered jerks who could care less about the average poor working stiff.
The Obama record of organizing the average citizens didn't die when he was elected. We are just getting started!
Debra in Fort Worth,TX
Not at all, if you do this ,then 90% of all in Congress and Senat her in the US and don,t forget 99% of the Millioner her in the US don't get the Job.
he pay'd and this is important
I don't care. They are all crooks and if not now soon will be. We as the lower class of working people have to be under a greater scrunity in applying for a job. Not really fair is it? We have to have all the back ground checks, the mental tests, the drug tests & etc and then are still told sorry you can't get the job.
No way !! Sometimes consulting work never gets a 1099 for filing purposes. Later on, some bean counter sends a 1099 and guess what !! 1040 filings have to be amended and (possible) penalties have to be paid to IRS. In regards to the housekeeper, there's many out there with fake documentation. Geithner's audit and payment of penalties are indicative of someone who is responsible and should not have to be "microscopied" as a white collar criminal.
Why should it? The fact that nobody seems to be able to come up with Obama's birth certificate hasn't stopped him so far, has it?
Wasilla (ya, WASILLA), Alaska
This man can not keep his own house in order, how is he going to keep the government's house in order. FIND someone else.
I don't get a vote but if I did, I would stand up on the Senate floor and say that I will not vote for a person who is dishonest about his taxes and tries to just pay half when he is found out. We've had a person in charge of our money that has been the biggest shister in our history, we don't need another one.
Sure...what the heck. Bearing this revelation, he should easily fit in with the elites in Washington.
HD in Phoenix, AZ
No Jack. From what I coluld gather he is the most qualified for the job....And we are in trouble. He fessed tup to his mistake and fix it, which is more that I can can for almost everyonn in the Bush administration....Also maybe Congres will get a clue and simplified our stupid tax code....
Much a do about nithing.
Why should his being crooked stop him? It dooesn't stop any of the others from "serving." Politicians, especially people like Barney Franks, serve their own interests, not those of the American people. Why shouldn't Timothy Geithner get some of the spoils.
Isn't there Anybody who has integrity in the USA any more? Secretary of Treasury is a Responsible and Accountable position and should be held by some one who is responsible and who is accountable!
In the resent hierachy of crooks, this is chicken feed. What's few thou here or there! Bring him on !!!!!!!!!!!!!!!!!!
No, if you looked at all of Congress, I'm sure a big percentage have the same thing or worse. Bush probably has a lot of latinos working at his ranch, probably in hiding though. If they are going to check one out, then check them all out.
No. Just yesterday we had an area plant which makes auto seats for American auto companies announce 49 layoffs. I remember how the Republican senators from Toyota and Honda tried to trash the auto bailout. The GOP will do whatever it can to slow down any help for ordinary people. Holding up this process is a part of that. Approve the man and start helping the people.
No, these issue should not prevent his appointment. Geithner corrected the tax problem himself. He should be admonished for the housekeeper matter. But, far more important matters are at play, with his appointment, than these minor stumbling blocks.
I do not see why it should.Most everyone would like to forget there taxes.I sure know t hat I would.
No, there are far more serious problems facing the country than those. If he has the skill set to do a good job at Treasury, we sure need him.
Nope. We have other fish to fry. Long as he fesses up and pays up it's jake by me.
Besides, this guy seems to be the only one who understands TARP and can explain it in plain English.
Makes you appreciate just how tangled the tax code is that even he gets it wrong sometimes.
If misleading us into an unnecessary war in Iraq, decimating the economy, and politicizing every sector of our government did not cost George W. Bush his job, I certainly don't see why back taxes and a housekeeper's legal status should cost Geithner his.
Maybe if G.W. Bush, Dick Cheney and their White House staff, including Karl Rove, Scooter Libby, John Yoo and David Addington had been sufficiently vetted and held accountable for their acts, we would not be the mess we are in today.
We need all of the brain power we can get to right all of the horrible wrongs.
When will they learn? People with Federal aspirations should have learned from the last six nanny-gate's, that you have to take care of the tax details. Regarding the rest of it, I suppose you can be the smartest money & banking guy in the room and still not have a clue about the American tax code, it is truly daunting, but we expect someone of this caliber to know what they don't know, and use paid experts to handle those details like filing your taxes. the rub is, would he guess about billion dollar impacts instead of calling in an expert when it is more complicated an issue than he is willing to admit.
Yes....If he can't manage his personal affairs, how can he be trusted to manage a nation's ?
Jack; how does a guy who's career is built on understanding economics, the banking system and finance miss this? He's not the village idiot ;It's not like this has never happened to a public figure before. Maybe he should'nt get the job; problem is he may be the best person out there to fill the job.
No. President Bush and Sarah Palin have set the standard for public service so low to the ground, you'd have to dig a tunnel to pass under the bar.
I think it should be a knockout even though he is probably a pretty sound pick otherwise.
It is getting a little much when every time we turn around the "best and brightest" who write and administer our tax laws cannot comply with the law themselves-a la Charlie Rangel. Every time one of these guys gets caught it is an "honest" mistake and we're supposed to forgive and forget. In most cases though it is not a one time goof but an extended period of failing to comply with the law. if by some chance it wasn't tax evasion then vetoing this guy's appointment will send a message that powerful people are supposed to act as smart as the rest of us!
From what I can tell you would be hard pressed to find anyone in America who has been involved with your financial system that is squeaky clean so you might as well go with Geithner as he at least seems to have the proper credentials.
No. All this proves is that our income tax system is an unworkable disaster, if anyone wasn't already aware of that.
Timothy Geithner is a serious mistake to put in that kind of power. Americans are being duped by letting the Federal Reserve have that much control. They are a private institution, not part of the goverment, whose ultimate goal is to control the worlds money supply. People, wake up and read your history and see why the Fed is so dangerous.
Obviously Geither never intended to collect Social Security or Medicare therefore he was not paying into them. This believe me is just the tip of the ice berg. How many more with his resources are doing exactly the same? trust me.
If Geithner is above the laws, why should we be considering allowing him to run the Treasury and enforce it's tax laws.
No, but his tenure at the Federal Reserve of NY should be a huge deterrent to his Treasurey Sec. appointment. The reason we're in this mess is due to insiders running the show (can you say Paulson?). We don't need another conflct of interest situation.
I think that if he is THE VERY BEST candidate for the job that Obama can find that the irregularities are not significant enough to disqualify him. But my question is – is there someone out there that could do the job even better? This administration has got to be top notch this time around.
Why isn't this guy in jail? How did he get away without paying any tax penalty? It sure pays to have powerful friends in high places!
Looks like the "President of Change" is no change at all.
Just what we need, another crook handling the American people's money.
If the economy and war didn't cost President George W. Bush his job then Geithner's confirmation should be smooth sailing. Our so called "value" system is almost too low to go cherry picking anyone.
I am a staunch Democrat, but I can see why some people might have some reservations about Mr. Geitner. After all, how the heck is the American public supposed to believe that a man who claims to have the smarts to oversee the largest treasury in the world didn't know how to properly file his taxes or how to check the background of the person who cleans the house where he, his wife, and children reside? He may be a very savvy economist/banker, however he definitely lacks some common sense.
If he's got these "minor oversights" in his life outside of the treasury, what else will he miss in the midst of this economic mess?
No. President Bush has placed the bar for public service so low to the ground, you'd have to dig a tunnel to pass under.
Well, I guess we have been up to our necks in poop for so long that we have forgotten what an example of honesty is. He paid his bill plus fees. If government did that to me, well I would begin to think that they were honest.
Besides, we let a man who could not find his way home build the Atom Bomb for us.
As far as this housekeeper stuff, I don't remember ever hearing about a person with a very high profile job interviewing the house help. Only the very good ones even knows if they are married, have children,or are having life problems even.
NO! With all of the criminal and sleezy acts of the republicans while Bush has had his way, this is nothing. At least he corrected the problems. Bush is still a traitor for allowing the border guards to be jailed over a drug smuggler.
Geithner's past problems appear minor and should NOT cost him the treasury job. The nanny had her papers in order when hired, and the characterization of an employee by his employer as self-employed and therefore obligated for double payroll taxes (like independent consultants and law and accounting firm partners) seems odd to me. If the IRS didn't see fit to charge a penalty, why should Congress?
Sorry, I am in Cazadero, CA. 95421
Washington is full of liars and cheats. I see no need to add another one.
I would rather have someone in office who has had some real experience with our tax laws and is as smart and accomplished as Timothy Geithner than get someone squeaky-clean who cannot perform as well.
Is he the only one qualified to do it?
Jack, it depends. If he had an accountant look after his personal tax details then maybe he wasn't aware of what was going on. If, however, he had knowledge of his tax commitments, then he should be replaced. If he can't look after small details, then the nation is justified in not having confidence and trust in him to assume the responsibility of Secretary of Treasury because this oversight borders on negligence to comply with tax laws.
Hi Jack! If the tax issue was caught back in...what was it 2001? And if it was corrected, resolved, paid back, etc., then it should have no effect on Geithner's appointment. It's 2009 now and if he's the best guy for the job then we need to leave it alone already. Oh, and before anyone says anything about ethics, just remember nobody seemed to be too worried about ethics when we put Bush/Cheyney in office...and look where that got us.
Should Timothy Geithner’s tax and housekeeper problems cost him the post of Secretary of Treasury?
Did "Joe the Plumber" tax problems cost him the post of war correspondent in Israel or as the mouth piece for the GOP?
The current tax structure that we have in place has been screwed for years so it is not unusual that even the likes of Geithner can't figure it out.
Time for a FLAT TAX.
This situation will just turn out to be one of the smaller lumps under the rug in the Oval Office when Obama moves in. Be assured that bigger lumps will follow.
Tim is a DEM he cant get a pass, John McCain got a pass when he didnt pay his taxes. Joe the repoter did too. Ok for republicans wrong if its DEM. That has been the issue all along. The sad part of it is Tim is the only guy that knows where and how this mess can be cleaned out.
I think it should disqualify him. If the man can not pay his Taxes and does not know the difference between an illegal alien and a legal alien then he certainly does not have any business looking out for all our tax dollars. This guy will have the keys to the printing presses for all our money. That is like leaving the weasel in charge of the hen house. In other words not a good idea at all.
hey jack yes it should you know if it was me or you it will cost me my job, so he shouldn't get any exceptions, are future president should step up because it has been one thing after another
does any of this stuff matter anymore? do we really want to sit here and just beat all these dead horses
NO. The man corrected any mistakes. It is time this country stop this "Gotcha" attitude, trying to ruin people's lives and reputations.
It wastes the energy and takes the focus off of the important stuff. I thought we wanted change but it just looks like the same old crap. I am sick of it.
NO NO NO!!!!!
Let's recap the whole law vs. socio-economic privilege thing: Nixon was pardoned for crimes against his country. Madoff stole billions and lives in a multi million dollar penthouse. Bush is a torture mongering war criminal and will spend his days in a multimillion dollar house in Dallas. And this guy shorted a contorted tax system and we want to fire him from a job he doesn't have yet?
Sounds pretty much like the normal state of American justice to me.
What other choice do we have? I don't know any government person who hasn't over step the law. So what choice do we have. We have worse crimes than that advising our country NOW. And I'm sure Jack could name more than a few.
Naw - At least he has a pretty good idea of what he is doing and what should be done - If the politico's boot him, we (the American people) will wind up with some know-nothing, do-nothing political hack trying to look after the TARP money – and getting his 10% of the "take" as the corporate CEO's & CFO's continue to funnel taxpayer $'s into off-shore accounts ---------
Timothy Geithner has taken care of his error. I don't see that any mistake should follow someone to the grave. We all make them, even Republicans!
NO. PERIOD. The country needs his knowledge of the economi and financial problem and his unparalled ability to solve them.
No Jack, Any person can make a mistake. Look at our so called public Servants In Congress, They take "Kick Backs", you know what i mean- "Pay To Play" in which i think should be Illegal. What rights do Congress have to judge a person if they make a mistake on their income tax.
Ok... These same yahoos who wrote the tax can't read it themselves, the question is, did he pay the taxes with interest like the rest of the citizens of this nation have to? If he did, then I'm done with this. Let's get onto the next thing please.
Mr. Geitner is guilty of attempting not to pay taxes – I understand the tax laws re Social Securtiy, Schedule C, etc., and so does Geitner.
He paid 2003, 2004 hoping that the statues of limitations would take affect, which are six years, on 2001 and 2002...Mr. Geitner is not honest.. Subsequent to being audited he still did not pay 2001 and 2002 – thus don't insult my intelligence.
Stating because of the Economy we "need Geitner"... it is indeed because of the economy we DON'T NEED ANYMORE PEOPLE LIKE GEITNER. We are falling apart in the USA when it comes to ethics and honesty.
Hey, If he can't figure out how to run Turbo Tax how is he supposed to fix rthe economy?
These were not honest mistakes. For someone who wants to be treasury secretary,these are things that he should know about better than anyone else. What else about Geithner is going to come out? He needs to withdraw his nomination.
Jack: No, these issues should not cloud his candidacy for the Treasury position. In reviewing the background, it looks like his under-withholding was an honest mistake; his housekeeper in fact got her green card. We really need to fly above the noise if we expect this country to heal.
Torture and Lying to the American people haven't cost George or Dick anything so I guess some Tax issues and housekeeper issues shouldn't cost this guy!
Absolutely this guy shouldn't be allowed anywhere near the treasury job. This was not a common mistake, he just got caught so what else is he going to say! I don't want him being responsible for anything in our government it is apparent he tried to get by with something and he should not be confirmed in spite of it. What kind of message is that sending out to the rest of the country. Obama's plan is to make changes and putting this guy in makes it look like the crap that has been happening here in America should continue and that we condone it. That's not change that's the same stuff that got us where we are! I bet there's more skeleton's in Geithner's closet. Wake up team and DO NOT confirm him.
It depends on the timing Jack, When did the taxes get paid? Yesterday? When did the maid get married. Yesterday? Did she marry a legal resident of the USA? Yes, timing is what it's all about....
jack yes absolutely yes he should lose he's job he should pay he's taxes like everyone else, but jack come on it has been one thing after another illinois gov blago senator seat there has been so much mess has been laid on President Obama he should step up and fire this guy, he is not in office yet and there has been so much mess created, this is are president and I dont think he wanna be remembered for having someone that dont like paying taxes on he's team. There is no excuse, I'm a Obama supporter and thats all you hear is mess after mess.President Obama do whats best!
With the cockeyed way our government does business, I'm surprized that Madoff hasn't been appointed to the position.
Mr Geitner did not make a mistake – he was attempting not to pay taxes – come onenow. To the Chicago Machine that is nothing however to cheat, fabricate or pay for play and that is why Richardson and Geitner were not addressed as all of them involved in the vetting process as well are from the same cup of tea folks.
Geitner was the Architect of the 350 Billion as well – Paulson should not of listened to him as he's not the bright person that people claim.
Lewis Black is right Jack. Those people in Washington really do think their crap doesn't stink. So what if he made "honest" mistakes? He took care of them right? He paid the fines etc so move on. If anything it added to his experience and that's a good thing. This god complex that some of them have is just plain disgusting at times.
With the economy going deep south, millions out of work and multi millionaire CEO's still living the good life after cooking the books ...... I would say this is small potatoes and not even newsworthy. Now we all know just how much trouble the world really is in. Diversion extraordinaire Washington Style.
No. Geithner disclosed everything in advance, he paid his back taxes (even those the IRS told him he didn't have to pay), and apparently the housekeeper had papers and then they expired and presumably were either finally renewed or the person was let go.
If this guy understands how to deal with the financial crisis – then get him in the job. We can forgive his little sins if he can make up for what that idiot Paulson did with BILLIONS of our money.
I couldn't care less about the housekeeper thing, but the failure to pay taxes, that's a bit of an issue. An "honest mistake" is something that Joe Schmo everyday American does on their taxes. A guy like Geithner who is supposed to be a financial guru doesn't make "honest mistakes" on tax forms. He was either trying to avoid payments using some sort of loophole that closed on him or he's just plain incompetent. I'm leaning towards the latter, but then again, I'm a cynic (or is that realist?).
No, not if he has what it takes to clean up this mess. Besides with Bush and Palin almost gone, the night time comedians and SNL are looking for new material.
Geitner was trying his very best not to pay taxes. He knew there was a possibility because of the six year Statue he might get away w/2001 and 2002.
He's another crook perpetrated by Obama and pals.
Yes, a person at that level and intellegence should have know this and paid the taxes. He should keep track of these things in his personal life as well as professional. His inability to do so indicates to me he does not multi-task very well.
No. Duh! Bush made his mistakes, Timmy made his. Forgive and forget. No problemo.
No. Tim Geithner has already addressed these honest mistakes to the satisfaction of his boss, the President-elect. Members of the senate have said the mistakes do not rise to the level of disqualification. Geithner has the know-how to do the job and appears to have the moral compass to admit mistakes. He should be confirmed as Secretary of the Treasury.
Let 'im in. Then we can all stop paying our taxes. If we get caught, we can just say "so sorry, honest mistake" and everything will be fine.
The "blowhards" will blow hard and make their speeches but he should and will pass. Most everyone has been called up by the IRS at some point and, as an independent contractor myself, they make it as confusing as possible for us. Also, per another news item, he is the only one in DC that even comes close to understanding the TARP mess. The Senators will get over themselves and go back to sleep soon. Bless their hearts.
For a busy man these are minor technicalities that should have been handled by his accountant. Only a complete idiot would be complaining about such minor items. Of course they may be a Republican or two out there mean enough to try. We need this man on board to start working on the finances. He seems to be the best out there and this little matter should not be definitive.
NO I don't think he should be in their
My Buddy Jack Cafferty. Geithner shouldn't be confirmed as Secretary of Treasury. It does go to show that president elect Barack Hussein Obama is attracted to convicts like Geithner along with his close personal friends William Ayers terrorist, Jeremiah Wright hate preacher Tony Rezco convicted felon and slumlord and Louis Ferricon Muslim hate preacher just to name a few. Henry Paulson looks like a genius compared to Geithner. I am sure since he is a Democrat corruption doesn't apply to them..
No, Tim addressed and resolved these issues in a timely manner, before they got out of hand or negatively affected anyone else. And if I'm not mistaken, that's what we'll need in a treasurer.
If the IRS told me that i owed them additional monies, i think i would get the message on the 1st notification. On the fourth notification i think the irs would be thinking of jail time for me. This is not an honest mistake by a longshot. It's only honest when a politician is involved. Is charlie Rangel or was spiro agnew his advisor? Either way Obama can find a real honest person to head treasury, look a little harder!
Let's confirm his appointment-he's sure to pay his taxes then.
Well, Jack the pardons of the FALN doesn't seem to be keeping HRC from her position, why should this stop him???
Jack, So much for change.
I am a big Obama supporter, but Geithner is suppose to head up the Treasury Dept. and this was an 'honest mistake'. No, I think Geithner needs to explain more about the two issues at hand – and, I believe he is doing it, but I wanted the Obama administration to be 'squeaky clean'...
This guy should NOT be confirmed!!!! Excuses don't fly when someone who does the kind of work that this guy has been doing for his career. If he can't keep his own house in order, then how in the hell can he be trusted to take care of the oversupply of money coming from the taxpayers of this country. NO WAY DOES HE GET CONFIRMED!!!! WRONG WRONG WRONG!!!! CONGRESS had better listen to the American people. This is not going to sit well with all those who wanted 'change'!!!
Absolutely not. If we are seeking perfection from someone who never overlooks anything no one will qualify for any office. This job calls for someone with a keen understanding of economics, not a perfect bookkeeper. The amount in question for someone with Geitner's stature, standing and wealth can't be anything but an oversight.
We need to stop somewhere with the "free passes". People should be held accountable and responsble for their own actions. If they make a mistake then live up to it and suffer the consequences. One bad apple CAN spoil the whole bunch. Let's go back to where having integrity meant something and also set a good example.
NO he should not be in their
Let ye who understands the tax code (include the IRS here) throw the first stone. If anyone is dumb enough to say they understand the tax code, I wanna meet this genius! People working for the IRS don't understand the tax code. He made a mistake on his taxes, for one year, that almost everyone makes in his circumstances. Move on. His housekeeper had her papers when he hired her and there ends his responsibility. Besides, she was married to an American or does that only count with an anchor baby?
WAKE-UP American,this is business as usual.NO HE SHOULD NOT GET THE JOB.A guy with an acconting degree and told he owes and
he made an honest mistake.?..................Wake UP of cousrse he knew
he owed and payed ONLY when he had to.And he is overseeing the IRS ?? People you need to speak up.
Yes, it speaks volumes about his character. It's just more of the same old, same old Washington insiders are above the law. Obama was supposed to change the Washington environment, unfortunately he's become part of it. He hasn't even been sworn in and he is already part of the business as usual mentality. I am disappointed.
This should absolutely not affect his confirmation.
The man realized, amended and paid for past issues with his taxes; as far as the housekeeper is concerned, if we condemn him for this then ask everyone seated in the US Senate, House and anyone with the a government employment grade g8 and above to resign.
Yep. It should cost him his job considering he will be in charge of the IRS yet refuses to pay his own taxes. It'll tick me off to have the IRS tax the crap out of me while the head man in charge evades his! That's not right.
It is crazy, to me, that they are even considering a man for the Secretary of Treasury who cannot even manage his own personal tax business. This is just another example of a fat cat banker being given preferential treatment by the IRS. Geithner's appointment should not only be rejected by the Senate but an immediate investigation into possible criminal activity by him should be ordered.
A mistake on taxes is understandable, but once notified of the error Mr. Geithner should have sought assistance in correcting it post haste. Paying for 2 of the 4 years of taxes due is not sufficient. Having someone owing back taxes for years does not send a good message to the American people. Income tax fraud put Al Capone behind bars when all other laws failed to get him. Jail will not be a good office for the new Secretary Treasurer to work from. He's a NO-GO.
Any other time I would say yes find someone else,but now we are in a desperate situation and we need the best minds on our economic problems and sometimes the best minds don't pay much attention to their personal life. We all remember the misstatement "she doesn't have a life". We can afford to destroy people in the news that have excellent qualifications.
For most it would be called tax evasion, but when a politician seek high office its a mistake, hmmm same as the baby sitter I suppose.
From what I understand, he has unique experiences that make him valuable for the success of the Obama team. These are extraordinary times and we need all the help we can muster. Answer-Yes.
YES! All the top Democrats say his tax problems where "an honest mistake"! Not paying back taxes from 2001 through 2004, an "honest mistake'! It really baffles me that when their (Democrats) picks for different jobs forget to pay their taxes, and have an undocumented housekeeper, they all say, he did not mean it and it was an honest mistake! If that were a Republican looking for the Treasury job, Schumer,Reid, Kennedy, Baucus,Kerry,Boxer, and all the rest of the liberals in the Senate would say he should withdraw his name from consideration immediately! What a bunch of hypocrites with Reid leading the pack! When Richardson withdrew his name for the Commerce job, how come the Democratic cavalry did not stick up for him? If this Treasury candidate had any scruples he would voluntarily remove his name from consideration now!
No! Everybody makes mistakes. It's only if it was deliberate or he tried to cover it up that he would deserve scruitiny.
If we start applying those Puritanical standards to potential public servants, we are going to end up with another Bush Administration.Those frightenly inept Bush people were hall guards in high school, they never experimented with marijuana, and they lived by the mantra, "lips that touch wine will never touch mine." They were never in any kind of trouble, and as a result of their sheltered lives, they didn't know what the hell they were doing. We are going to be paying the price for their incompetence for many years.
Mr. Geithner's tax experience may even prompt him to pursue a long overdue change in our incredibly complex tax codes. If someone like him can't follow the filing requirements, it puts the rest of us in a more positive light.
And if the new Secretary plans to hire people to help design a new tax code, I suggest he look for people who, besides having a background in accounting, once smoked marijuana. It would be even better if they inhaled.
Jack I There is no was in Hell this guy did not know he owed the tax.. If he was trying to get away with that kind of crap then how should Americans trust him to honor any laws we expect them to uphold????? Politics is nothing any more than the rich trying to get richer.. Just how much is enough for these creeps.
Honestly? Does the Obama administration need yet another distraction? I feel as if some people at this point just want any excuse to give the Obama team a hassle about their appointments. Any mistakes Geithner made have been fixed, and anyone who can find the time to look at his credentials rather than a mistake or two in paperwork will see that he is a fine candidate for the job. As my friend Brent would say, "Hop off".
It pains me to think that the one guy who Pres Elect Obama wants, his crack transition team has supposedly vetted is so knowledgebly entrenched in the financial problems effecting Wall St and is not even out of the batters box yet and he has two strikes.
Just how pure is anyone supposed be in any industry. Most every politician is now a highly over paid lobbyist. Do we moan in disdain? Nah....we are so used to getting screwed we carry them in our pocets. If Geitner isn't good enough with his few paltry faults then maybe they should nominate Bernie Madoff. I hear he's looking for a job
I want congress to give the President elect everything and everybody he wants.
No, if Madoff can reside in a 7 million dollar house while awaiting trial then Geitner has done nothing wrong, at least he has paid his taxes plus interest.
He requested and received an allowance from IMF of around $34000. to pay his Social Security tax. He received quarterly and annual reports from IMf telling him exactly how much the gave him to pay the tax. He chose to keep the money and not pay the tax.
I'm less concerned about his tax and housekeeping mistakes than I am that he's a banker. Although, anybody, including you and me is better than Paulson and Bernanke. I like Krugman and Spiglitz if it was up to me to choose.
Republicans speaking about his past tax problems should look back at their own mishaps and insert foot. If this man can help ( which what I've read of him looks very good ) why not give him a chance? Republicans and democrats alike need to GET GOING NOW and do something posative instead of draging things down to the point of no return.
Cannot figure out all the sturm und drang! The Treasury designee has people! They do the taxes for him. I have some people. They do my taxes. They send me the forms and I sign them. If anything is amiss, they are contractually the ones on the line answering questions. Give this tax thing a rest!
I don't think it will affect his job performance. We need people that can get a job done efficiently, not that are perfect angels!!
I don't understand how he could claim he didn't know he was considered self employed and subject to Social Security taxes – there had to or should have been 1099's issued to him judging on the tax bill & penalties he paid. Even though P-E Obama finds his explanation acceptable, I really do not think it sends the country a good message to have him appointed to watch over the IRS. He's probably more than competent for the position but to me he's stained & should not be Treasury Secretary.
Jack, if it is true that the business that he was working at sent him a W2 form instead of the needed 1099 form, then I think it would be an honest mistake that anyone can make. He is extremely intelegent and God knows that this country needs some intelligent people running things after the last 8 years. My question is why was he doing his own taxes in the first place? Doesn't he have people? Give him the job.
Stupid question. He should get out of the picture now and park his guilty behind in the slammer like ordinary citizens like you and me would be doing!
No, in the world of politicians, this is nothing. Please we have a president that has lied to the american people, started a war on lies and has stolen the US treasury and we seem to be fine with this. What is 34,000 in taxes when you are willing to just let this man retire in his estate in Dallas.
What bothers me most is how the Obama team is saying this is no big deal, if that was so, why did they tell him to pay up before announcing his nomination? Why would you hire someone who says they didn't know they owed after receiving notices.....and having had to pay for the other 2 of the 4 years involved?
No. These sound like common mistakes that a lot of us could make and I'm sure in the jobs he's held he has more on his mind than most of us. For those who are making a big deal about not repaying all the taxes the first time, that could have been a problem getting the correct info from the IRS. I've had dealings with IRS where they told me I owed a certain amount, and after paying it, was notified that I sent in the wrong amount and needed to send more, and they swore up down that it was my fault, even though I had paperwork from them saying otherwise. The IRS does seem to have a problem keeping their info straight but they will never admit.
Who cares about his housekeeper and some little tax problem, who hasn't had one. If he missed something, let him pay it and let's move on, the nations financial stability is more important than these small issues and if this is the man who can help, let's get him in office!
Tell Timothy to contact the McCain aides who cleared up Joe the Plumbers tax problems. Oh America the Beautiful
Why should honest tax payers trust or be forced to have their returns checked by someone who "forgets" (conveniently) thousands of dollars he owed? That he paid the taxes or amounts owed when they were discovered after his appointment is immaterial! Get an honest person in that office whom we can trust!
As I understand this, the housekeeper had a permit to work here and he was paying everything he was supposed to on her, but her permit ran out without him knowing. I also understand thay he was the one who realized he had not payed those taxes and turned himself in.
These issues seem to be honest mistake and will only be an issue if someone, like Republicans out to make trouble for Obama, want them to be an issue.
Do you really think he fills out his own tax returns? He has an
accountant for that kind of stuff. Fire the accountant after paying
the taxes and penalties. Problem solved. As for the housekeeper,
I think if he's married, his wife was the one handling that. Apparently,
her papers were valid when she was hired and expired later. Sounds
like an oversight. Just let Obama get these people confirmed and
worry about the small stuff later.
If it's good enough for the IRS it's good enough for me. The guy is a genius. I think he should and will be confirmed
Jack My answer Is NO !
Ronald Holst San Antonio
Jack, Timothy Geithner did not make such a big mistake. Every night I watch you make more mistakes by making big deals out of little things. You should give this a rest.
Hey, anybody that doesn't pay his/her taxes sounds good to me to be running the IRS!!
No–do we know what the housekeeper said? She could have told him all was in order. Or maybe it was his wife's responsiblity. It's a nit pick item. The main question is whether or not he's qualified. If he is, then appoint him. After all, you did comment that the problem has been resolved with her green card. After the fact..
Geithner made a mistake that ran about $35,000 dollars right? Paulson made a $350 billion blunder.
I ask, who is history going to look down upon?
And as for the housekeeper, that is a non-issue. Three months? For Pete's sake, it takes that long to GET a green card.
If you can run for senate in alaska when your proven guilty, WHY NOT?
Ask Madoff !
His personal affairs should have nothing to do with his ability to perform his job.
Should NOT take office.
Jack, Not only should he not have the job of treasury, but he should go to jail like the rest of the deadbeats that don't pay their taxes and share a cell with Wesley Snipes.
no., come on. picky stuff is driving me nuts. wait six months and then try again.
It's like telling the security guard at Macy's... O'opps I'm sorry I forgot I had that tie in my pocket !!! Not likely they'd buy that excuse, so why should we?
Give me a break...!!!!!
Can we see if the man eqlifies for the job first before we dig into his closet.
The first and foremost issue is if he has the ability and skills necessary to help our nation's economy recover.
That being said, we should do what is in the best interest of the country and all of us citizens, and not toss a valuable, qualified candidate by the wayside.
No! By all accounts, this is the man we need at this time and place. Talk about cutting off your nose to spite your face! Leave it to republicans to keep up the partisanship right to the bitter end, even as we fall into the abyss.
NO...that's rediculous....he has rectified the issues in the past, let's get him confirmed so he can help get this economy on track ASAP! I also do not think Bill Clinton's affairs should prevent Hillary from being confirmed as well.
This should not stop the appointment. This nitpicking has gotten so old over the last eight years. Obama should stand firm on this.
No, Jack it should not cost hime his post, what is 35 thousand, what is hiring an illegal, and he is not a republican.
It is rediculous that his comfirmation is being delayed until next week. Congress need to get to work so Obama's cabinet can get to work!
Given our tough economic situation, I don't believe this issue should prove to be a barrier for his appointment. Our government and our country can't afford to stall over such trivial issues. Now is the time for both Democrats and Republicans to work together and stop the petty bickering.
Tucson, AZ. In a word, no. Who among us has not done something this "bad", or worse? Humans make mistakes, and these are small mistakes. If you compare these to the really big mistakes made by some Bush appointees, any concern over these issues is just stupid nitpicking.
It is concerning, to be sure. I think his experience is what we need, but is he trustworthy? Is he an ethical man? Will he be someone who "covers up" problems?
I think he should submit to a polygraph about his "innocent mistake;" and, I think he should be investigated for his ethics and dedication as a public servant.
If he passes, he should be sworn in! We can't waste too much time, but we want to make sure that we pick people not only for their experience and qualifications, but people who have strong ethics and dedication!
No. But then again how can he blame americans for not paying if he didn't. I believe he is up for the job but because we use anything as an excuse to not do the right thing, I don't believe he can be effective.
Obama said this was an honest mistake. Perhaps Mr. Obama should release everyone from prison who also made an honest mistake and are paying for it...
if a man who commits war crimes and other atrocities can be our president; then i see no reason why a man who made an honest mistake (and then repaid his debt) shouldn't be our Treasury Secretary
No......even though his mistakes are foolish, they are minute in the
scope of things. I personally don't think that they were intentional.
He is a saint compared to most people in high places.
You conveniently left out some facts about the events surrounding this nomination. He didn't pay all the taxes until after his failure to pay came to light after selected for the position. He should not be confirmed. I have to pay my taxes as do other hard working americans and so should he.
If I were running for county auditor and forgot to pay my taxes, how far do think it would get me? Honestly! This just goes to show how far we have sunk when it comes to the "good ole boys club" politics. If Obama means change, he MUST dump Geitner NOW!
I THINK THE MISTAKE MADE HERE IS USING HONEST AND POLITICIAN IN THE SAME SENTENCE!
SAME SONG. FOR THE 10,000TH TIME. WE NEVER LEARN...
Absolutely Not! He should be confirmed without delay. The tax issue is commonplace for US Citizens that have worked for the IMF and the World Bank. GOP lawmakers need to stop playing their usual partisan politics.
No, his credentials are so complete he must be given the opportunity to use his expertise. The country needs him.
Let he who is without sin cast the first stone.
Obama's nominee should not be confirmed as Treasury Secretary based on his failure to pay self-employment taxes and hiring an illegal worker. He has absolutely no excuse for not knowing the law, especially about taxes. It would be like hiring the Three Stooges for your plumbing repairs – we know how that turned out !!
No, these problems should not derail this appointment. It is not like he cheated some lowly paid person like other nominees did. What he did is definitely embarrassing. However, after almost 62 years on this earth I am constantly amazed at how many very intelligent people are totally uninformed about their finances and many other things. As I have often said God did not make everyone capable of doing everything.
If all of us were kept from getting a job in our field of specialty because of a mistake in our past we would all be unemployed, including the entire senate, house of representatives and Wolf,Jack and the staff of CNN.
NO! After the downright criminal acts of the Bush administration, Geitner's "oversights" seem like nothing. First, his employee had proper credentials when hired and failed to inform Geitner when they expired.
Geitner failed to pay only a portion of hs taxes in job considered to be self employment inthe IMF. It's acommon mistake mong people whose income is amixture of regular and self employmnet.
Jack, I'm disappointed in how you , Wold and the rest of the media ask about this in such a misleading way! Tell it all!
A little humility goes a long way! nobody has a free ride in this economic downturn. Every appointment must be humbled to the gravity of the worlds economic woes. I think someone is telling us something; Are we listening?
I do not think congress has to stop his nomination. After all he did pay his taxes and the housekeeper is no longer illegal. I would like to know how many members of the senate have not paid their taxes? I am sure he is not the only one and he won't be the last. I do not think it is a big deal. I think the media is making it more of an issue than what it is. I do not think the Obama team would have nominate him if he was not uptodate with his personal affairs
Dear Jack, Heck NO! If Bush/Cheney could get away with all of the illegalities over these last eight years and walk away without prosecution we can certainly forgive Guytner his minor transgressions.
I think that it is not a big deal. However, he should pay his back taxes regularly. Since he is a genius, and will do well for the OBAMA Administration, he should keep his job. We really need a detailed and level-headed person in the White House.
Only the little people pay taxes.
Yes his failure to know how to pay his own taxes shows he is not capable of telling us what we should do. Obama seems to make excuses for everyone's mistakes in his administration
No, but it sure was dumb.
The simple answer, given the facts surrounding the issue, is no.
All human beings make mistakes. His mistakes have been corrected. Case closed. Confirm him.
These are scary times. We need to stay focused on our goal: get the economy back on track. Does Geithner have the optimal skill set to help us reach this goal? If the answer is yes, then we need to forget our "self righteousness" and confirm him as Treasury Secretary.
What is good for the goose is good for the gander.
Who know that the Democrats would be complaining if this was a GOP nominee for Treasury.
Oh please–fixing our economy is one of the most important jobs facing the incoming administration. Prior to this minor bump, Geithner was revered by many–if he is the best person for the job, he should be approved. These are just nit-picky annoyances brought about by politicians who are more concerned with making the evening news.
yes, don't hire him. don't hire anyone who can't follow the law. the tax law is so complicated, we can't even find a leader to run it who understands it. lets fire everyone, all the leaders, all the government, and then we can be left alone to grow old and die under any coconut tree we want :)
I agree with Mr. Obama. We all make mistakes and shouldn't be judged based on one or two acts, but rather based on the whole picture.
He is not capable of managing his own affairs so how can he manage our treasury office.
Why can't we overcome this rancorous political climate that has existed in our country for the past 8 years? Qualifications should take precedence in this situation. Shouldn't helping the nation get out of our calamitous economic situation be more critical than carping about what happened in the past – a situation which was corrected long before this nomination. Please, Washington, let's put the nation before petty politics.
I am self-employed and shudder to think what would happen to me if I did not pay my social security and medicare taxes. The people voted for change and that means throwing the folks who won't follow the rules out of government service. An honest mistake? No way! He was dumb, irresponsible or down-right cheating.
Ok, when did he pay his back taxes? Was it after it was put into the spotlight-or prior? What was the time period from when the tax was owed to the time paid? Did he not know his employee had a non paper status? Maybe or maybe not... Too many factors to consider at this point. But no specail treatment should be afforded..
If he was going to be in charge of the country's finances I'd say, "Heck, give the guy a break!"
But, if he is confirmed, he will be. Are there no good candidates without tax or nanny problems to fill this position. Has the culture of corruption tainted everyone?
Gee, I can't imagine anyone making a mistake on taxes. Our tax system is so simple a team of tax lawyers can figure most of it out if given enough time.
These mistakes should not preclude him from serving.
Wow… I messed up on my taxes to the tune of $300 and had the state try to garnish my wages, contact my employer and wreak havok with my life.
Why should a man who made a mistake (like me) get the top dog job for the IRS? If there is no forgiveness for me, why should there be for him?
The Treasury Secretary should be confirmed. This is lightweight stuff considering all of the planned mistakes made by the Bush adminstration. If this guy is as smart as they say he is, "we the people" have waited long enough. We are in a hell of a mess and anybody who has any inkling of getting us out of it should be allowed to –post haste.
Is it too much to ask that in a country of over 300 million members of presidents inner circle are not tax evaders and law breakers?
Geithner should withdraw .
Obama is acting like just another political hack trying to push Geithner through.
8 years of this behavior is ENOUGH!
The president elect said it best. If he had nominated people who hadn't made mistakes, none of them would have jobs.
Dump him. Dump this SOB faster than a bad habit. How can Obama preach change and then do the same old same old again?
First and foremost, Obama is nothing more than a politicain; he talks out both sides of his mouth. EOS
This is just an honest mistake. Usually married men have significant others that take care of them and finances. Reality is that the debt is paid and the issue is resolved, this issue should not get in the way of Tim Geithner's accomplishments nor his confirmation.
Jack, are you joking me? After all the stupidity and lies Bush has shoveled onto us, you want to know if these tax/domestic help problems should preclude Geithner from serving as Secretary of the Treasury? We're all guilty of SOMETHING. He's paid his taxes and the housekeeper has her green card. If anything, he'll be overly careful if he's named to this post, and will bend over backwards to make sure he's squeaky clean.
from j wage newark ny
What me and my brother elks members can't understand is how this went on for four years!!!!!!! Yes he should reluctantly get the job!!!!!........
No Jack I Think he should step aside let someone else take the post so who ever can become a crook after not before. I don't think there is such a thing has a honest politican.
You know Jack, I think CNN is really beating a "dead horse" to death with this Geitner thing... How about reporting on how the IRS can screw up somebody's income tax returns two years in a row, like they did mine!
Tim is the right man for the job and I think while it is good to get issues on the table it really shouldn't be used as a political wedge to get at Obama like Sen Vitter tried yesterday with Sen Clinton until Sen Luger and Chairmen Kerry shot his partisan comments down.
Oh my God YES. Obama promised no more business as usual, and this is definitely business as usual. I don't care about the housekeeper, but a financial expert who doesn't even review his own tax returns before he signs off on them probably won't be paying much attention at Treasury. The fact that he let it slide after being notified is bothersome to me. Its more of the noblesse oblige crap we've seen over the last 8 years. I'm a huge Obama fan but this is a bad sign for me.
North Dakota (-16 degrees)
Of course the tax snafu should cost Timothy Geithner his appointment! I don't want this man, who is either dishonest or ignorant managing our nation's money.
should not be confirmed
He should have the foresight and INTEGRITY to step down now...this administation I voted for was to be transparent,set itself apart from the "old school" of Washington.This is not a glitch,it is a full blown step back in time fiasco !
Nah, The economy is going to hell in a hand basket anyway, what's one more incompetent Government worker going to hurt?
I do not believe that the housekeeper incident is not significant to his confirmation nor news worthy. The failure to pay taxes does give me pause. I think he needs to explain the delay in paying the taxes.
We need to get our economy moving again which requires a competent Treasury Secretary free of taint.
Ordinary citizens make "innocent mistakes," but not experts that are set to oversee trillions of dollars in spending and debt.
Absolutely not! Everyone is making more of this than they should. I thought we were behind our upcoming President. Let him do his job and have the people he feels will do the best job. Ultimately it will be the President that we will hold responible if there is a problem. Now if Madoff was who we were talking about well he gets a get out of jail card free! Go Figure! Boy are we scured up!
Most responsible politicians and economists find Geitner to be one of the best possible choices for Treasury Secretary. A thorough vetting of him by the transition team found a couple of problems of which he had been unaware, and which he then fixed. Thank heavens that Obama is not requiring perfection, and thank heavens that there are enough reasonable Republicans to make sure that Geitner is confirmed.
Democrats and Republicans are making a mountatin out of a molehill on this issue as well as others. Seems Obama will face obstruction from both sides of the ailes. An honest mistake is an honest mistake. I have to give it too President elect Obama...he really is serious about ending partisan politics in Washington .Our prayers go out for him... I beleive Mr. Geihtner is the right man for the job....
1)Honest mistake or not, if you are going to be responsible in any way for our nation's treasury you really need to make every effort to walk the line with your taxes.
2) If he had been properly vetted by president-elect Obama's team, they should have found that before the process got this far.
3) If they already knew this and proceeded anyway, shame on them for thinking we are fools.
4) If he "didn't know better" and didn't pursue the information before his taxes were due, then he isn't responsible enough to carry this responsibility.
Confirming these characters in spite of discrepancies like this just might have contributed (though is not solely responsible for) the financial mess our nation faces today.
12 million illegal workers in the country and we worry about this guy who made things right before he was in office? Congress needs to put themselves on extended work weeks and suspend vacations to get some real work done and not worry about small potatoes like this.
Eventhough he corrected the problem, the real question is "When did this happen, how long did it take to fix the problem?" Did he just recently pay back taxes just to get confirmation or did he make the mistake early on in his career and it was corrected within a few years after the mistake was known? I think the answer to these questions and details make a difference on his qualifications to serve.
No, it should not cost him the job. When the situation was discovered, it was duly rectified. The U.S. and CNN have both have got to stop being "silly" about such matters.
There are real problems out there to be worked on.
No, let him be confirmed. If the GOP denies him the post, then he should have Fitzgerald to check each one of the Repubs that vote against him, to see what they have done wrong.
Heaven's no! We need someone over-seeing the IRS who obviously feels the same way about taxes as we do.
It sounds like a mistake that that he has rectified.
Of course they should. An IRS employee would be summarily fired if he did that and he would be supervising IRS. How can he ask employees to the IRS to enforce the law that he failed to obey. Either he is very careless , too arrogant to ask tax advise, or he failed the basic tax class in law school (assuming he is a lawyer.) Regardless of why it happened, it is not a "common mistake." He should not be Sec. of the Treasury.
Absolutely, there is no question, this is just a continuation of the pre elec-tion rehtoric that was delivered to the american public all in the name of this new president and his new cabinet – did he pay these just for the sake of getting elected – how is the irs going to prevent discrimination against the rest of the taxpayers if this precedence is set
"Only in America."
well compared to some others, he hardly made off with anything, and he corrected the mistakes. We've got to get real when it comes to confirmations and other approvals. EVERYONE has dirt in their past OR they've lived in the closet all their life. Bring common sense back to the process
With all of the tainted Politicans now in Washington , we need to have absolutely clean people in this administration . I have had enough of Politicans who disobey and ignore our laws . Barack shoud toss him out and get somebody who is honest , if he can find someone .
No, we don't have time to waste on these items which will not affect his performance as Secretary of the Treasury. There is no squeaky clean person out there and with his expertise and past record of performance we need to get on with the business of trying to solve the problems at hand with the best people qualified.
No. We all make mistakes and he was apprised of his and corrected them. I would think that we all searched our souls and past, we have all made mistakes which we regret but were just that errors in judgments and tax legalities. The housekeeper situation is a small glitch and one that he would have no way of identifying since she had her papers when she was hired. I think it's a whole lot of disgruntled Republicans and bored journalists!
are you kidding – this guy is far to important for our financial future to withdraw as our treasury secretary. in addition president elect obama wants him and thats good enough for me! et williams, naples fl.
Mr. G. is probably like the rest of us with a lot of stress and pressure at work and it could have slipped his mind. I for one am willing to give the nominee the benefit of doubt and let him do his job and make amends as the administration sees fit. I think the gentleman is quite capable of being Secretary of Treasury unlike to former which we had to put up with during the Bush administration. If everybody would quit nitpicking we could get on with business and the change that is supposed to take place.
The paperwork requirement for household help is so tricky that I once had the family accountant advise me to use a third-party firm to use to do the hiring. Back during the Zoe Baird days, I tried, without any success, to encourage Intuit, the company that provides TurboTax and Quick to develop add-ins, called, respectively "NannyTax" and "NannyPay" to provide help in dealing with this, and my marketing idea was to use Zoe Baird in commercials that would go like this, "When doing the right thing can be a life-changing move, Intuit is there to keep you from stumbling!"
The Geithner situation again highlights the urgent need for "NannyTax" and "NannyPay" software to help legally and thoroughly deal with the voluminous paperwork requirements for complying.
Yes, he should be disqualified. I was self employed most of my life and had to pay social security/medicare witholding and file quarterly tax estimates. It is IMPOSSIBLE for him not to know this, what do they think we are? A NATION OF DUMMIES!
If this is really a Honest Mistake that he was not aware of not paying SS; and when caught only paid the two years still under the statute of limitations, he should have not problem showing his returns for the four years to prove he is not holding more Honest Mistakes.
I can bet you a good amount of Americans don't even pay their taxes. Why should Geithner's financial problems block him to being the next Treasury Secretary? He is very qualified for this post. An in the current economic mess that we're in, I don't believe there is time to question him on his taxes or his housekeeper. Congress should be smarter than that.
If he is not smart enough to figure out his Net Income is higher than it should be, he's not smart enough to hold any position. I learned this in Junior High School. Why does Washington think it's okay to overlook such gross misconduct and that "We the People" agree? We don't.
Are you kidding? Last year I made an honest mistake and failed to pay $425.00, I thought - they hounded me constantly for months and I finally found that I HAD the money in the account, THEY didn't deduct it. Wasn't even my mistake after all. If you or I failed to pay AND employed illegals, I hate to think what might happen to the common man. By the way, how does one forget about $34,000.00?? Must have a lot more $ to think about..
Jack, Timothy Geithner seems to be channeling Leona Helmsley - "We don't pay taxes. Only the little people pay taxes ..." This is not "Change We Can Believe In, " it's business as usual in Washington. The standard of behavior in the Obama administration doesn't seem any better than its predecessor.
That should be a NO- BRAINER, DUHHHH. YES ,POOR BARACK he's got to stop trusting people so much or at least verify his picks integrity before sticking his neck out.
As soon as the IRS pointed it out to him, Gaithner paid both taxes AND penalties and interest on the amount. Then he went back voluntarily and checked the two prior years, found the same error and rectified it before the IRS audited him. He made a mistake, he fixed it, and he took responsibility for it. Duh. Are we so used to people refusing to take responsibility or admitting mistakes that we punish someone who DOES?
As for his housekeeper, she was legal when he hired her. Her work permit ran out - which is her responsibility, not necessarily his. It is fixed – she has her green card, and again, no coverup or refusal to take responsibility. When I think of the number of cases where nannies, gardeners, maids, etc. among our politicians have been shown to be totally illegal aliens and the involved employers took NO responsibility, again, why punish someone who does?
Is there anyone in the Senate who has not made some kind of error? He (or she) can then cast the first stone...
NO- However, it is consistent that there are two sets of standards in this country- one for those who are connected, are told if you just make it up you can have a do over. Then there is the second set of standards that state that lack of knowledge of the law is no excuse, and you must be held accountable. If he is going to over see the I.R.S and he does not understand the laws then were does this leave us the little guy- very confused.
Oh Please! This guy is to be Treasury secretary but he can't figure out how to pay taxes on "contractor' income? Gimme a break. What, they didn't send him a 1099? I've worked plenty of contract at $10 an hour. I paid my taxes on that income. It took a lot of sweat and a lot of words that can't be used on CNN to do so but I filled out those forms. And I forked over the money. If this guy can't figure this out, he shouldn't be the Secretary of the Treasury.
He should withdraw. I am not the "financial wizard" that Geithner is supposed to be, yet I know that when you work you must pay Medicare and Social Security taxes, whether through withholding or at the time of submission of taxes. To try and pass this chicanery off as an "honest mistake" takes the American people for fools; We are not. If President-Elect Obama continues to stand by this tax evader, he will tarnish his credibility just days before taking the oath of office.
I can't speak for the tax issues, I don't know enough about the details behind it. However, the housekeeping issues? Seriously... her papers expired and he kept her on for a few months. It's called LEEWAY. You can't expect people to be perfect, and expecting individuals to immediately catch that a domestic worker's papers have expired is just overbearing of the government. If this had been an ongoing issue for years, or when he hired her, then that's one thing. But her papers lapsing? Come on... all this anti-immigrant paranoia is a little tiring.
Tell the millions of Americans that have been audited for far less egregious errors that this was an honest mistake that was cleared up in 3 days and now clears this man to head the IRS. Everyone who works for the IMF knew what they had to file. He could have paid $45 and purchased Quicken and this error would have been caught. Oh well, hooray for "change". Looks like Obama is going about business as usual.
None of these are real 'problems' – in the case of the tax problems, the issue arose where he had to pay his own payroll taxes – which MOST of us have employers that do that for us, but not in Geitner's case. He should have paid attention to these details, but not paying the taxes were not intentional in my opinion – and he did pay them, it's not like he ignored the tax. As for the housekeeper's documentation – again a detail that he should have perhaps paid attention to – but again – he's got a lot more on his plate that MOST of us do. What harm was done?
I'd like to see MOST americans tax prep – what they're getting away with and not paying. Who's cleaning their houses? Who's watching their kids? Do these people have proper documentation? Or are these details they overlooked?
None of Geitner's issues are real issues – just something for the opposition to sick their teeth into – heck, they know the facts. It's just the drama they're into. God save us from their drama.
Heck, Joe the Plumber didn't pay his taxes and we didn't grill him – heck, he became a 'war correspondent' – now THAT'S a joke!
Complex as the tax code is, what Geithner overlooked is one of its simplest provisions. As someone appointed to oversee federal taxes, his ignorance is completely unacceptable.
I'm a Democrat who enthusiastically supported Obama and initially applauded Geitner's appointment. Now my applause is completely stilled.
Yes. It should qualify him as an IRS expert. Apparently he likes the system as much as the rest of us. Maybe he'll go in and disassemble it to get his money back and we'll all benefit. As for a housekeeper, we need someone with experience cleaning up messes. depends what her position will be?
ABSOLUTELY NOT!! I am and have been a staunch republican for all of my adult life. Given the state of this Nation, both economically and from a global credibility standpoint, we need to forget party lines and stand up firmly behind President Obama. Taking potshot at Timothy Geithner for what amounts to minor indiscretions that in no way speak to his ability to perform as Secretary of the Treasury is simply adding to our pathetic global image.. Enough is enough… we need the “a” Team” and bickering over irrelevant issues isn’t getting us over the hump…
Geithner should have no problem in his conformation. His missteps are venial compared to some of the misdeeds committed in the last eight years. Embarrassing revelations? Our government can swallow a camel and choke on a gnat. 350 million tarp money gone no explanation. 35 thousand dollars that was taken for granted that his employer had withheld this money. It's a no-brainer that fits right up the Republicans alley. Apparently they have marginal brain power.
Jack this is ridiculous. Let's poll every US senator to find out if they ever made an "honest mistake" regarding their taxes. The housekeeper thing is just plain stupid. The woman wasn't sleeping with G. She was cleaning his house. Why would he be asking her about her expired status? Do senators really think the American people are that stupid?
The economy is a mess. Everyone agrees G. is the man to get us out of this mess. Confirm him and move on.
And to the Repubs. If George Bush lying to get us into a war in Iraq which led to the death of over 4,000 American soldiers – some as young as 18 years old doesn't bother them then I think they can let the G lapse go.
Give me a break, this guy is the head of the n.y. federal reserve. He paid the federal income taxes but did not pay the self employed taxes which is social security and medicare. If we throw out every candidate who made a mistke who would want to serve.
No, let Geitner be Treasury Secretary–he made a mistake, he owned he paid for it and he never worked on Wall Street where they do none of the above.
We have many problems to work through, but "THIS" is not one of them. . .
He should have been confirmed today !!
Certainly not held over till Wednesday.
No to tim Geithner, Who could believe someone that qualified would be that stupid not to pay social security tax. Sometimes it is higher than regular tax for bussiness owners that itemize. Coooooruption early? The answer is obvious. With Hillary we know what we'er getting. Bill should be forced to put forieghn money for a "good cause" in a blind Trust Account as all government public servants should and do. As for Maydoff (sic), he should spend a year at GITMO until he shows the people he took it from the money.
This absolutely should cost him the job. That's what's wrong with the country now...........too many people in Washington, and Wall Street keep getting a "pass". So, they carry into their jobs all their shortcomings.......they fudge on this today and something bigger tomorrow........................and we the little people end up paying for it in some way! These big government and financial bigwigs just live the good life and don't pay attention to their jobs until something goes wrong, and then they pass the buck or get bailed out! What a sweet life!!
The idea of having a tax cheat as the new Treasury Secretary (who would oversee the IRS) is outrageous and pathetic. "Honest mistake" doesn't cut it. What a joke! Would the IRS accept the "honest mistake" argument if I failed to pay the employer portion of MY Social Security payment? NO!! Not only should this man not be confirmed by the Senate, he should be prosecuted!!
On behelf of my father, I spent hours yesterday trying to determine how to self-assess, report, and remit taxes on behalf of the person providing 8 hours per week of in-home day care assistance to my mother who is striken with Alzheimer's disease. I culled through hundreds of pages from federal and California publications. My father and I are commited to getting it right. Some might believe that the Treasury designee is the best person for the job, but his appointment, in lieu of his comparatively cavalier approach to his reporting responsiblity, is a very bitter pill to swallow.
As much mess as the Republicans have gotten this country into, let Obama and his cabinet get busy doing the peoples' business.
Absolutely not, with a resounding NO! Mr. Geithner has paid the back taxes and his house keeper is now legal. Besides When you have Mr.Madoff under house arrest in his Penthouse after swindling folks for $50B, It really puts things into perspective
I think all the facts need to come out about his tax and "nanny" issues before we can judge this man. Sorry I am not willing to take any one's word that he is OK and just made a mistake. I am not looking to embarrass anyone.
Another concern I have is the incoming administration was reported as having the most comprehensive vetting process. Is this an example of that vetting process not working well?
BTW, I don't trust Jack or any one else in the press to "pass" judgment on anyone. The press needs to present facts as facts and their opinion as opinion. That goes for CNN, Fox, MSNBC, and every other news outlet and their reporters and commentators.
If Geithner is rejected it should be on the basis of policy and competence. According to Newspaper reports(New York Times), as much as 50% of Americans working for foreign agencies fail to pay the taxes in question, moslty because of misunderstanding. As for his housekeeper. she was legal for most of her employment. It was only in the last six months of her association with Geithner that this status changed. She is. ane was, married to an American and today is again a legal resident. Not exactly Nannygate.
We need the most highly qualified people we can find to do the job of setting the nation's economy to right. Mr. Geithner is not a miscreant. He also, apparently, isn't perfect. If only perfect people can hope to make the grade, how will we ever persuade enough highly qualified people to consider working in the public sector?
No! The fact is both issues have been adequately addressed and it is not my belief that these pose any impediment to him carrying out his funcitons as Secretary of the Treasury. America is in a deep financial crisis and will need its smartest and best qualified to get them on stable footing, prior to this revelation very few persons questioned Geithner's ability, and this as far as i see it is the all important factor.
Follow up>>> opps... I meant to say NO! Maybe he'll do something about tax deductions for continuing education? My reading and writing skills have deteriorated. :)
I understand that tax evasion is a crime; tax avoidance is not. Geithner attempted to avade taxes. He should be indicted, not appointed. He hurts tax payers who pay their fair share. I can't imagine what good he would be at Treasury or the IRS. If he is so smart, how did he get himself into such a mess.
Jim, St. Petersburg, FL
As a long time Democrat his guy reminds me of an elitist Republican
who thinks rules and laws do not apply to him. He should have known he didn't pay taxes and I find that troublesome. I do not see the maid thing as much of a problem but would prefer Obama pick someone else!
Should Bill's financial or other affairs prevent Hillary from anything? Judge the persons actions not the spouse, if this was the criteria for all of us we would not go any where or do anything- we are all human and make mistakes.
Geithner 'forgot' to pay taxes, failed to ensure that one in his employ maintained her legal status to work in this country and those in Washington are still considering him for Treaury Secretary. I guess some just aren't convinced that he isn't great on details and can't even keep his own 'house' in order. Just the kind of guy we want heading up the Treasury in these times of crisis, isn't it?
Hey, on the otherhand, Bernie Madoff will probably get off considering the judicial shenanigan's that typically take place with the wealthy and well connected. And we know that Bernie can juggle many things at the same time. Maybe the Senate Finance Comittee should consider Bernie for the position. At least he is a proven quantity.
I do not think that Hiliary Clinton should not be the Secretary of State because of her husbands work with his foundation. He and Barack Obama both need her out of the country. Bill so he can have fun again and President Obama so he can run the country in peace, without her nagging him with her whatevers.
Absolutely Jack! Not the housekeeper, but EVERYBODY knows they have to pay tax on self-employment. We just hope nobody notices, since the only one reporting it is the one who owes it.........unless they're being vetted. He was cheating on his taxes and knew it.
Since this guy might be Treasury Secretary and did not pay his taxes, He should not be confirmed because will he pay his taxes on the job if he gets the Treasury post. He should be removed because he employed an imingate who was not approved to work and he broke the law even for three month. He should be in jail.
Look Jack, we voted bush in a second term, how bad can this guy be? on a more serious note, one has to wonder is he really believes in the law or just believes in the laws he wants to follow. we are in a crisis which is draining our economy, selecting one person over another could make or break our economy. Tim made mistakes when dealing with his own finances, can he be trusted with the entire country's? you can't risk that.
Lets cut out all the spin BS. If Geithner had'nt been nominated for secretary of the treasury he would have never volunteered to pay those back taxes. It's been five years since he's owed those taxes, now;- he decides to come clean.
Dan from Pennsylvania
ABSOLUTELY! Owing $42K in taxes since 2004 and paying them a few days before being nominated speaks volumes! If he's confirmed, the entire Senate should be thrown out!
No, Tax and Housekeeper Problems should not Cost Geithner the Treasury Job. He is more honest than the IRS. The IRS gets to keep its job. I am glad he would be the IRS' boss as Secretary of Treasury because the IRS is out of control penalizing tax payers for unlimited amounts of time after back taxes have already been paid more than three or more years before penalties.
Let him take the job but as a penalty and to make up for his mistake he should have to take the position for free for 1 year and not be allowed to benefit from the position when he leaves the position. No book deals, benefits, etc. That way we can see how sorry he really is about the mistake. If he still wants the position then it was a mistake and let it go.
How can a person be the president of the Federal Reserve Bank in New York and not be aware of how much taxes he owes and not be aware that his housekeeper not properly documented?
I do understand that the housekeeper was married to a U.S. citizen and did receive her green card, and that might have just been a paperwork snafu.
But the tax problem?
Maybe the ignorance of how much taxes he owed is an indicator as to why the large financial institutions are falling down! If the heads of the banks and such do not have any better control over their own personal finances, how can we depend on them to have control of the finances of the entire country!
I say, let this nomination be rescinded.
Maybe he ought to be fired from the bank too!
This is ABSOLUTLY the last time I will contact you. You want to make a "MOUNTAIN OUT OF A MOLE HILL." He made an "honest mistake" advised by his CPA. I am a 15 year tax preparer for H&R Block and I wouldn't have given him this advice. Do a Schedule C, do a household W2 and report your income. Very simple, maybe except for those in Congress who don't understand and most likely UNDER REPORTED their income along with the richest, wealthiest in our country who, according to the IRS, understate income by 23-35% and were eventually caught by the IRS and "paid up."
He paid up! What's the problem?
Age 70 retired from Cortland NY SUNY Alfred
Not at all, if anything now he has more experience having been the guy that has had to fix a mistake that was made. Now he can see both sides of the coin and learn from the mistakes. We need more imperfect people in power.
For heaven's sake will all of you the media stop putting Democrat's feet to the fire in proportion to how you didn't for 43's administration?
Why have you let 43 go on vacation for 1/4 of his presidency and said nothing?
How have you let Cheney manipulate us to where our treasury is in Dubai?
You people in the media all need to be examined to see if you have all your genes present or if you're running a couple short..
Barack said it best, "ENOUGH!!!"
In the national ethical scheme of things, I feel Timothy Gethner's misdeeds should not keep him from being confirmed. The lapsed green card is a minor oversight in this particular case, and I can understand where there may have been an honest misunderstanding when no social security taxes were taken out his paycheck since the IMF is not required to pay social security taxes. And both issues have been fully resolved. Therefore, in my opinion: "No harm, no foul".
Jack, There is nothing wrong with hiring an individual who has the acumen to execute the president elect agenda if such individual has the expertise, and since when did a juduciary committe became " immigration committee? we are all housekeepers so why don't we kick these swindlers claiming to be senators out of the senate and keep that house clean as real housekeepers by confirming TIM as treasury secretary.
Move on......There's nothing to see here !
I believe being accountable for actions in your life time is important but we all have faults. Thinking our elected officials suppose to be perfect is not realistic. All criminals started with a clean slate before they were caught. What make a man with no criminal or moral history the right man for the job? He fix the problem that could have well been a mistake. Give the man some slack. He cannot make things any worst than it is now.
jack what is the matter with the media. he payed his taxes. what part of that dont you understand. you guys just want to stur things up so you have something to talk about and repeat 3 times in an afternon
Jack – Yes it should cost him the appointment. If I made an "innocent mistake" I would have to pay the back taxes PLUS penalties and interest. Apprarently he did not have to pay the penalties & interest. So where and when is change coming? It seems everything in Washington stays the same.
For those who think the Secretary of the Treasury can change the tax code, please think through the process. It is Congress that creates the laws that makes the tax code so convoluted. It is the President that signs those tax bills into law. Unless we are (as a nation) willing to go to a different tax structure we are stuck with this current and ever changing tax code. If you are seriously interested in changing this tax code write a letter or email to your US Senators and US Representative. Get your friends to write also. Write often if you really want change.
I was just thinking- we won't investigate our leaders for placing us in a war on lies, but we will crucify a man for an openly admitting to a mistake. We will allow torture, thus breaking every standard on which we stand on, yet this man,(Bush), has knowingly broke. So if those who want to judge so harsh, i will give you this guy if you will hold the same high standard to those who should be tried for war crimes.
You have got to be kidding me! Is this a trick question! How can you not pay your taxes and say it was an honest mistake. If John Q. Public didn't pay their taxes for four years, I don't think the IRS would want to sit down with us and find out how this was an honest mistake on our part. Isn't Geithner not paying his taxes for four years kind of like having the heads of the banks that are in default distribute the bail out money???? How stupid does the government think we are?
Timothy Geithner needs to answer the tough question: If in 2006 you were made aware of reporting issues for your 2003 returns and paid those back taxes and interest (no penalties according to the AP) ,after an audit, why did you fail to correct those same errors on previous years returns before they were found by the transition team? Was it ignorance of the system you are now applying to lead or just good old fashion " It's up to the IRS to tell me I owe it" before seven years expires? I believe whoever leads the transition team needs to head the IRS as that person seems to be able to get people to pay their share even without an audit.
If the person who will have oversight over the IRS makes mistakes on his taxes and with the education and background he has with banking cannot decipher the Income Tax Code, a blue-collar worker like myself doesn't stand a chance. If anything is to come out of this, maybe a complete overhaul of the income tax system is in order. Wishful thinking anyways.
No it shouldn't. Let's face it, what he brings to the table will be much more valuable than what he paid back in taxes. I just wished he came to us and admit his mistake instead of finding out the way we did.
Bob Le May
These Chrisis' are being led by blind mice and cheese that follow. Lets just hope we don't hear, "oops, we did it again!"
Maybe he did the right thing in the end, but it really ticks me off that this is the best we can come up with to do this job. Is anyone in Washington, DC honest and not above the law???
Jack,this would only matter if the guy was a republican,then the media would want him tarred and feathered and ran out of town on a rail,since it's a democrat we'll just give him a slap on the wrist and forget about it!!!!Some more of that unbiased reporting!!!
As someone who did make a genuine mistake ONCE with his tax filings and eventually did straighten things out with the IRS, not only did I have to pay every penny in penalties and interest, but found himself audited for three successive years by the IRS. Considering how small my ammount due was, and how large Senitor Geithner's is in actuality, and not once but over a number of years, here is yet another case of the "good Old Boy" network coming to the aid of the Party! In reality, how could such an individual be put in charge of the IRS and the Country's finances?
With even Gethner mixing up his taxes, this should prove that the tax laws are too complicated. Acknowledging this can ideally and uniquely situate Geithner to spearhead tax law reform and simplification.
Seems the suspicious news media is at it again; always witch hunting and/or inferring the most sinister of intentions etc...believe it or not there is no evidence that Geithner violated any laws or that he did anything but make an honest mistake...the disclosure was reported...under the circumstances lets give him the benefit of the doubt, if any incriminating evidence surfaces CNN and other networks can hire additional reporters to provide the details during the Obama administration's first hundred days if not longer...
Our economy is collapsing and people are worried about the housekeeper and that he had a hiccup on his taxes (which was noticed and all fines/penalties where paid.) He is a highly qualified candidate in a time of great difficulty, get over it and stop the grandstanding.
If the Senate confirms Timothy Geithnar they are really losing it
big time. The whole country worries about paying their taxes and if he gets away with not paying them or paying them to get nominated is a real joke on our US Constitution and the good ole USof A.
Yes. The housekeeper is easily a mistake, but his excuse for not paying social security and medicare taxes is a joke. All he had to do was use a simple tax program like Turbo Tax and he would have learned that self employment payments were due. If that wasn't enough, his failure to correct his mistake immediately is unacceptable. How can we have someone with so little integrity and knowledge of the most basic tax law be in charge of the Treasury?
Yes he should be appointed by our still do nothing Congress.
The "mistake" made by the man who was appointed to be Sec. of the Treasury only shows the mess of our tax laws. I assume someone else filled out his tax papers and gave him advise which is very common . I hope a man with his qualifications is willing to subject himself to the humilation that Congress sometimes bestows .
If a person can be a US Senator nominated by a corrupted governor, then Geithner should be the Secretary of Treasury. I think Geithner has much, much more contribution to our current economy situation then Burris.
No. His accountant probably made the mistake. And, he paid up so let it rest. The country's issues are far more important.
Those things are trivial and do not deserve the media attention they are getting. Obama is going to have to deal with a lot of obstructionism in getting his agenda in place but I believe he will succeed.
no, he should be put in the treasury office but we should also be allowed to not pay our taxes and be able to say it was just an oversight and not be penalized
They say ignorance is not a defense. Yet here we have an individual who has not only run afoul of the IRS on more than one occasion with substantial amounts, but gets all his penalties and interest "forgiven", and is going to become overseer of THE IRS, and after a number of prior INS cases involving Public Officials employing Illegal Workers, does the same thing himself. Talk about putting the fox in the chickencoop, here is another example of the "Washington Good-Old-Boy Network" at work. AT OUR EXPENSE!! Obama promises CHANGE...some change...some neck!
Yes, I think that his "honest mistakes" should cost him the same as the "honest mistakes" the rest of us have paid. His "honest mistakes" were those within his area of pervue and not something unrelated to his expertise.
no i do not think geithnarsmistake in reporting his income tax should bar him from becoming secretary of the treasury,even some of his critics say he is extreemly qualified for the job.i think his mistake was a honest one that he has corrected and as president-elect barack obama has said,who among us hasn't made a mistake at one time or another
As South Africans, living in this country as Green Cards holders, and simulatenously working for international Aid Agencies, the first thing we did was to hire a Tax Consultant to guide us with the filing of our taxes since we realised our situation was unusual and we wanted to to the right thing.
I find it extremely disappointing and incredible that Obama has to defend his nominee in this way. How come he, of all people, did not know the rules?
How in the world did this guy ever get placed as the president of the New York Fed and automatically chairman of the Open Market Committee? He is in financial terms the 2nd most powerful man in the world behind the Chairman of the Fed. I cannot believe he escaped their radar on this topic and to allow the Senate to discover it before they did is a disgrace to the entire federal reserve system.
No, a mistake is just that... a mistake. If one is drawing social security disability federal withholding taxes are not taken out unless you tell them to do so. That is not something that is discussed with you prior to receiving SS payments. I can only imagine working for an international entity and keeping track of federal withholding taxes. Does anyone know how the Blackwater(mercenaries) group in Iraq gets paid and are federal withholding taxes automatically deducted or do they have to pay them after they are back in the US?
On the matter of the housekeeper. Does anyone remember when Mitch McConnell and wife, Labor Secretary Chao having a housekeeper working for them that was an illegal alien. This was the US Secretary of Labor... what became of that issue? Was she dismissed from serving, dd she resign? If not, why not? What's good for one political party is good for the other?
Let's move on and stop the nit-picking. There are surely more important issues faces the American people.
No big deal. The man was too busy to check anything at that time moreover housekeepers without papers need a chance too. Government using our tax money bailing out banks so if he misses a few tax payment that means he is fedup with the hypocrites. All we need is for him to do now is to keep a keen eye on the treasury. He has to start making sure he checks everything. Get off Obama's team backs, and give them a chance. Change we need, change we are going to get if we stop the bickering. Thanks, Jack. Keep it real.
NO!!!!!. if he's as smart and qualified as they say he is, he knew that he had to pay those taxes. i think he thought he was smart enough to get away with it. it was no innocent mistake especially since he has held the jobs that he has. this is no way for obama to start his term.
LOVE your commentaries!!! Great job, honest, unbiased and to the point. Keep it up.
These people treat the American public and voters with impunity. To the question, Yes, and Yes. As long as his insider allies outnumber the public (and the former only takes a few to cancel the public) then again we will have been taken, in plain site.
The only reason this guy admitted to making an "honest mistake" is simply because he got caught, otherwise the problem would have probably never surfaced. The fact that he took "care" of it does not automatically make it right. I don't want somebody that can't be on top of his own financial records handling and overseeing the nation's
Finance Dept including the IRS.
The best game wardens are reformed poachers.
Dan, West Virginia
Geithner should have the sense of decency to remove himself from this position. We're 6 days away from getting rid of the most embarrassing bunch of BUNGLING IDIOTS this government ever had. Let's not start this process all over again.
There are more qualified people out there than this dummy.
John P. Mc Connell
The nature of American society seems to have changed from obey the law to anything goes. Where will all this end. I don't think this is good for our country.
IRS employees are summarily fired for failure to file tax returns, even for filing a request for automatic extention to file returns.
A $48,000.00 tax debt is a huge violation. Did he not know the terms or nature of his employment contract? Did he not read his paycheck with the deductions? Did he never read any the annual reports the Social Security Administration sends detailing yearly contributions to his account? To claim "an honest mistake" is to admit gross incompetance and wanton recklessness in handling his personal tax obligations.
Actor Wesley Snipes is in federal prison even after making payments and filing late tax returns. His excuse is plausable as he is an actor, but totally unacceptable from a professional in the field of finance, economics and tax enforcement. Let the nominee make his intellectual contributions from a different position, not as head of the Treasury Dept.
Yes! That was a big part of the Obama promise, to have the highest standards of conduct in his administration. Reason #758 why Obama will be a worse President than Bush.
ABSOLUTELY, Obama ran on the promise of bringing change. Keeping this scoundrel on the job would be just a continuation of the Bush policies. We need to break with corruption, the lies, the tx frauds and scammers if we want to turn this country around. In my opinion this guy can not stay on a job like that. CHANGE remember CHANGE.
Get over the attitude of the 'squeaky clean' person and give the guy the gig. There is no such person. If it were, no one would be working.
We need to get over it and hire people if they're qualified. Their past misgivings, debt or whatever shouldn't deny someone employment. If it does, that smacks of discrimination.
Better question –
Who are the terrorists who have hurt our country more, Sadam, Al Qaida etal or the business people and authorities who brought on this finnacial crisis along with gangs, and dope dealers? Specifically, who has cost more lives and who has disabled this county more?
Who endangers our county more outside threats or inside threats?
Are we looking in thewrong direction? Go get'm Jack!
Abosolutly not. This is not the time to play games when America's economic future could be at stake. No one gave a damm when Bush ran up the deficit 8 trillion dollars in 8 years. Now that America's economic growth is at stake, people want to play games in resolving this issue. So if you want your children to one day having to learn Chineese or Russian, then just keep on playing games.
Why is he not arrested for tax evasion?
i don't think so because people should get a second cahance
Jack,how much more can we take,everyday we hear about people in
the higher up who make honest mistakes.
It is plain stupidity not knowing that you owe taxes.
How can they justify knowing that Geithner screwed up to be nominated.
Honest mistake that is plain BS.
This piece of trash shouldn't get to be treasury secretary. For 8 years the media has shadowed and went after Bush on everything. Don't let Obama get by with hiring slum lords and thugs. He can't figure out these things how can he even come close to figureing out our needs from the treasury department. Go after him media.
Not a very good example Jack. You have to practice what you preach. Lets get on with another confirmation for this job ............please!
Give the guy a break,if Obama say it's a honest mistake,it's a honest
Having been an expat in two countries, the complexity of the tax issues that surround working for either an American company or a foreign entity is overwhelming. Even the bean counters have a hard time (and I include those from the largest accounting firms in the world) getting things right. The size of the filing and complexity strikes fear in the hearts of those who are trying to do all the right things. Give the guy a break. He's paid up and frankly since the amount was probably chump change in the scheme of his overall tax picture, I hardly think he was trying to pull a fast one!
He paid his taxes and was scolded for his housekeeper.
So, he's clean as of NOW. But Obama's administration has required all appointees to be pac free of corporate influence. Thjis president want's to be cleen. And Geithner and Holden don't belong in this picture. Obama should pick replacements for Attorney General as well as Treasury.
i certainly do think that his mismanagement of his own money should disqualify him from being in charge of the nations money, and especially TAXES!!!
Really surprised by all the "tax experts" weighing in on your blog.
We are a family with two self-employed; tax computations, prepayments, etc. are more complicated and far less straight forward than Mr/Mrs w2 tax payer. We experienced the same problem making it current as soon as it was brought to our attention.
Both sides have lost too many people with these types of disqualifers. Who will be left to work in Public Service?
Let's face it, how many people do their own taxes when they are in this guys tax bracket. You depend and trust your accountant to know the tax laws. He found out he underpaid , not on his income tax, but on SS and Medicare. He paid the tax and the interest. End of story.
One the maid issue. How many men even know the cleaners name, let alone their immigration status. She was legal when hired, should his wife had checked every month to see if her papers were still in order? I rather doubt if it ever crossed thier minds. The maid now has a green card. Let's worry about our economic situation and not sweat the small stuff.
It now comes to the attention, that our so called "Democratic government's reputation" has not been stained by long time criminals but, by those who commit malice, as an injustice to preserves ones interest and reputation by hiding behind political titles, like our public servants. For instance, Timonthy Geithner's knowledge is in questioned! When one receives notification from the IRS to pay your taxes, ignoring it carries a penalty. To have an individual who previously worked for the (IMF-International Monetary Fund), is to be knowledgeable of the insights of "How not to pay your taxes and not get caught". Except Timothy's so called mistake is not a honest mistake. If I have to pay $1,800, whereas, the calculation of my taxes was prepared by a license professional and I didn't commit the infraction but was declared guilty. "How is it that I have to pay for someone's else mistake?". "That's an injustice"! The question is, 'Does the American government and public feel comfortable with Mr. Geithner at the helm as the U.S. Treasury Secretary, who may purposely mishandle all of the taxpayer's money most of the time? "Or handle it none of the time, while in office"! Look at the crumbling and bumbling present, Paulson. It seems that the true colors of our previous and present government representatives in office are considering their own interest instead of the American Public, 'THE TAXPAYERS". With this kind of representation who needs criminals to commit the crime, just be a Political figure or call them the Legal Mafia, known for "Take as much as you can, without getting CAUGHT".
No. He made a mistake. Corrected the mistake. After review he was asked to pay more. He did. Case closed. Ralph, Yakima, Wa.
You make a mistake by not tieing your shoes or brushing your teeth in the morning; such is life. It is nearly impossible to forget to pay your portion of an american bill we all share. No one can think that the "SKIP" card in UNO applies to them. As for this job, pay your taxes NOW and we might just think about considering if your actions were honest.
Pay-to-Play in a non-criminal manner of course.
This is a no brainer if Obama really plans on cleaning up government.
Geithner knew what he was doing and never paid up until he had to.
Obama would set a correct tone to his government by getting rid of Geithner and replacing him with Ralph Nadar. He may not like Nadar's consul but I think it might be the truth.
I can't wait to watch the Senate questions him on his tax problems. I might have to fix extra popcorn, it might take awhile. Mr. Spector and Mr. Leahy might bring him down a peck or three.
Integrity, doesn't seem to be a requirement or a benchmark to hold people accountable to anymore.
Orange County, CA
Let him have the job, he will fit in just fine with all the other crooks.
Same old Washington DC, they are all crooks
Why is everyone so entrenched in the idea that Mr. Breithner – who is President of the Federal Reserve Bank – is the best and only choice to be Secretary of the U.S. Treasury when some of his own taxes were unpaid? Not in one instance, but twice! (that we know of.) If Mr. Breithner is not up to the task of seeing that his own taxes are paid, how can we ever rely on him to guard and control the U.S. Treasury? Soon it will be too late for us to learn that another shoe has dropped. I can't possibly be the only person thinking this way. Can I?
Yes,he did not pay His taxes after recieving 4 thats 4 notices from the IRS.He was not going to pay them,until he got nominated,then he only paid 2 years and got caught again and had to pay 2 more years.He did not file an extension,he just wasn't going to pay them. He is suppose to be the Tax Guru,thats funny.Why were the tax penalties forgiven?he Evaded paying taxes,what he qualifies for is cell mate to Al Capone,isn't that what got Al?Tax Evasion.When are they going to be treated like common taxpayers,when they lie,cheat and steal form US,they should go to jail,not get a chance to handle Billions.
Missing the tax payment once – maybe give him a break; but for 4 years?...and then he only voluntarily pays 2 of the 4 years back taxes; give us a break. Don't you think we need someone in this vital position who doesn't act above the law, especially in the crises we find ourselves in? A republican wouldn't get away with this. How is this "change"?
If he can't manage his own affairs, maybe he shouldn't be put in charge of any more than that.
Who care's they are both liars... Obama want's the Opposition to cover his Promises...
The IMF claims it regularly notified employees they were responsible for paying their own taxes. He avoided paying them for 2-3 yrs. A simple mistake. I don't think soooooo. Then as he came up in the world, he paid up. Having had a run-in with the IRS over a simple addition error, why wasn't he challenged sooner rather than later. Who turned their heads the other way.
We employ care-givers for our parents( all US citizens). We asked about their status and anything that we'd need to know about them. I guess we're smarter than the person in question. I don't think soooooo. I think given his position in life he feels he's above the law. And we want him hadling the US's finances. I think nottttttttt.
The article also states "all back taxes, interest and penalties have been paid and filings were amended."
So I guess there is no story here.
Jack Cafferty sounds off hourly on the Situation Room on the stories crossing his radar. Now, you can check in with Jack online to see what he's thinking and weigh in with your own comments online and on TV.
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