Streams

Treasury Sec. Nominee Failed To Pay Taxes

Wednesday, January 14, 2009

Senate Democratic leaders are standing behind Timothy Geithner, despite embarassing revelations that President-elect Obama's pick to run the Treasury Department failed to pay all of his taxes several years ago. Geithner has since paid those owed back-taxes, but the revelation poses a huge liability since one of his new jobs would be to oversee the Internal Revenue Service.

Geithner is currently the president of the Federal Reserve Bank of New York.

He failed to pay $34,000 in Social Security and Medicare taxes between 2001 and 2003 when he worked for the International Monetary Fund.

Tags:

More in:

Leave a Comment

Email addresses are required but never displayed.

Get the WNYC Morning Brief in your inbox.
We'll send you our top 5 stories every day, plus breaking news and weather.

Sponsored

Latest Newscast

 

 

Support

WNYC is supported by the Charles H. Revson Foundation: Because a great city needs an informed and engaged public

Feeds

Supported by