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Keyword: taxcheat

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  • Businesses Ask Geithner for More Leeway on Healthcare (Update1)

    05/04/2010 8:49:42 AM PDT · by Nachum · 4 replies · 226+ views
    Business Week ^ | 5/4/10 | Anna Edney
    May 3 (Bloomberg Government) -- The U.S. Chamber of Commerce and 12 other business groups asked members of President Obama’s cabinet including Treasury Secretary Timothy Geithner for more leeway in implementing the health-care overhaul. The groups said they’re being forced to make contract, employee-benefit and other decisions without guidance on how to comply with provisions that take effect in September. The letter dated April 30 was sent to Geithner, Health and Human Services Secretary Kathleen Sebelius and Labor Secretary Hilda Solis.
  • What's Hidden in the Dodd Bill (Tax-cheat Timmy Geithner will monitor all ATM transactions)

    04/30/2010 11:37:42 PM PDT · by Libloather · 13 replies · 982+ views
    Rush Limbaugh .com ^ | 4/30/10 | The Maha
    What's Hidden in the Dodd BillApril 30, 2010 BEGIN TRANSCRIPT RUSH: Some interesting things are being gleaned from the financial regulatory reform bill. The Washington Times has an editorial today, and I'm waiting for the liberals in this country, when they find out about this, to start screaming fascist like they did at Bush over the Patriot Act. Remember, they hated Bush because they were going to spy on them, they're gonna monitor their phone calls out there. Why, why, that's a civil rights violation, human rights violation, fascism, they were just in sheer panic. "The next time you make...
  • Administration to Tea Parties: We're on Your Side (You Lie!!!)

    04/19/2010 10:44:06 AM PDT · by BradtotheBone · 27 replies · 559+ views
    Fox News ^ | April 19, 2010
    Treasury Secretary Tim Geithner said in an interview Sunday, when asked about the Tea Party protests, that the Obama administration is paying more attention to the deficit than the Bush administration did. Tea Partiers, the Obama administration is on your side. That's been the message from the White House over the past few days, as top officials dispute charges that Washington is on a spending binge and encourage conservative protesters to count their blessings. Treasury Secretary Timothy Geithner, when asked about the Tea Party protests, said in an interview Sunday that the Obama administration is paying more attention to deficit...
  • Geithner sees critical moment for financial rules

    04/14/2010 12:11:16 PM PDT · by mlocher · 13 replies · 410+ views
    Reuters via Fidelity.com ^ | April 14, 2010 | Reuters
    WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Wednesday it is a "critical moment" for a financial regulatory overhaul and said he believed a legislative agreement was close. Geithner, briefing reporters at the White House after President Barack Obama met congressional leaders, also said the U.S. economy was "recovering faster than expected" and emerging from recession faster than other global economies. Geithner spoke mostly about the financial regulation debate. "I think it's a critical moment for reform, a promising moment, a lot of hard work, a lot of progress," he said. Rejecting a key Republican argument, Geithner said Obama...
  • IRS could tap refunds for health insurance penalties

    04/06/2010 5:55:28 AM PDT · by NativeNewYorker · 27 replies · 876+ views
    Reuters ^ | 04/06/10
    WASHINGTON, April 5 (Reuters) - The Internal Revenue Service could tap individual tax returns to collect fines against people who fail to buy health insurance as required under recently enacted healthcare legislation, the U.S. tax commissioner said on Monday. Most individuals are required to get health insurance under the new law, or face penalties that would be phased in over time. By 2016, people without coverage could see fines of 2 percent of their income. Subsidies would help poorer people buy coverage, and states would set up exchanges to allow individuals and small groups shop for insurance. People who do...
  • Geithner: Jobless Rate to Stay 'Unacceptably High' for a Long Time (Obama said it won't go above 8%)

    04/01/2010 8:04:20 AM PDT · by tobyhill · 29 replies · 757+ views
    fox news ^ | 4/1/2010 | ap
    Treasury Secretary Timothy Geithner said Thursday it's "deeply unfair" that some financial institutions that got taxpayer-paid bailouts are emerging in better shape from the recession than millions of ordinary Americans. He acknowledged public outrage over that and said people watched with disdain as Washington protected high-risk banks and investment houses, even as the national unemployment rate was soaring to double-digit levels for the first time in a generation. But in a nationally broadcast interview, Geithner also argued that President Obama had no choice when confronted with a financial crisis. "As the president has said, we had to do some very...
  • Charlie Rangel Gets 'Real Men of Genius' Treatment

    03/29/2010 1:48:07 PM PDT · by jimbo123 · 6 replies · 509+ views
    Advertising Age ^ | 3/29/10 | Ken Wheaton
    Stealing a page from Bud Light's radio advertising, right-leaning PJTV.com has created a "Real Members of Congress" spoof targeting Charlie Rangel, D-N.Y., for his tax shenanigans. The title: "Mr. Tax-Law-Writing-Tax-Evader."
  • Berkeley city official resigns after being caught skipping city permit process

    03/18/2010 1:07:33 PM PDT · by SmithL · 13 replies · 560+ views
    Oakland Tribune ^ | 3/18/10 | Doug Oakley
    BERKELEY — A city official who sits on Berkeley's Zoning Adjustments Board resigned from the panel Wednesday evening amid criticism over work he did at his home without permits. Ryan Lau, who also is an aide to Berkeley City Councilman Darryl Moore and was appointed by Moore to the zoning board in January, sent Moore an e-mail explaining his decision, which was effective immediately. "I apologize for any embarrassment that I may have caused to you and the city," Lau said. "I am in the process of working with the city's planning department to resolve this matter." Lau said he...
  • Out as Ways and Means chairman, Rep. Charlie Rangel is sad, lost and alone in his own thoughts

    03/04/2010 4:38:41 AM PST · by Zakeet · 88 replies · 2,700+ views
    New York Daily News ^ | March 4, 2010 | Richard Sisk
    Charlie Rangel was alone and lost Wednesday, an aging and now powerless pol who didn't know where to go or what to do. He had made a wrong turn coming out of a memorial service for another old bull of the House, Rep. John Murtha (D-Pa.), and was by himself under the vast and majestic expanse of the Capitol dome. The usual scurrying aides, the armload of briefing papers, the multiple cell phones and other trappings of influence were gone. Capitol guards eyed Rangel with concern as he wandered toward unfamiliar territory on the Senate side, but they kept...
  • FINALLY! Rangel Takes a Leave of Absence

    03/03/2010 7:00:28 AM PST · by bloodmeridian · 17 replies · 441+ views
    Feed Your ADHD ^ | 3/3/2010 | Snarky Basterd
    U.S. Representative Charles Rangel announced today that he sent a letter to House Speaker Nancy Pelosi asking for a leave of absence from his post as chairman of the tax-writing House Ways and Means Committee. Rangel, a Democrat from New York, declined to give details as to what prompted his decision to relinquish leadership of the panel, which also has jurisdiction over Social Security, trade and Medicare. Rangel was admonished for breaking House rules on accepting gifts.
  • Charlie Rangel News Conference Live Thread 9:00AM

    03/03/2010 5:52:33 AM PST · by JRochelle · 73 replies · 4,079+ views
    wlsam.com ^ | 3/3/2010 | Staff
    Rangle is holding a news conference in 15 minutes. Will he throw in the towel? No link yet.
  • Rangel Resigns Chairmanship of House Ways and Means

    03/02/2010 6:35:24 PM PST · by bloodmeridian · 33 replies · 1,440+ views
    Feed Your ADHD ^ | 3/2/2010 | Snarky Basterd
    YEAH! Rangel takes his money and runs, resigning this very evening his chairmanship of the House Ways and Means Committee. Maybe now he'll learn to do his taxes properly. According to Democratic officials, New York Congressman Charlie Rangel is set to temporarily step down from his chairmanship of the House Ways and Means committee.
  • Rangel Giving Up the Gavel (Could Step Down as Early as Tonight)

    03/02/2010 4:59:45 PM PST · by nickcarraway · 77 replies · 2,733+ views
    NBC New York ^ | Tue, Mar 2, 2010 | HASANI GITTENS
    Harlem Democrat Charles Rangel now says he will step down as chairman of the powerful House Ways and Means Committee, NBC News has learned. He may make the move as early as tonight and Michigan Democratic Rep Sander Levin will temporarily take over the committee. Some details still need to be ironed out, but sources said Rangel has been pushed to step down before the House voted on a bill to forcefully strip him of the coveted chairmanship. Rangel has been under fire ever since an ethics committee released a report Thursday that found that he violated House rules by...
  • Rangel office mum about staff changes after ethics admonishment

    02/26/2010 4:56:55 PM PST · by paltz · 6 replies · 368+ views
    Washington Times-Water Cooler ^ | 2/26/10 | Kerry Picket
    While the panel report did not include any formal charges, the committee on standards of offiicial conduct will continue to probe Mr. Rangel on potential other violations. The ethics committee did state, however, that his staff was aware of corporate money being paid for Mr. Rangel's Caribbean funded trips. Mr. Rangel is easily passing the buck to his staff, but his spokesman Emil Milne, refused to be clear as to whether or not there has been any staff terminations, reprimands, or changes as a result of the ethics panel probe.
  • Charlie Rangel: I’ve been 'admonished' by ethics committee

    02/25/2010 5:37:36 PM PST · by Sub-Driver · 53 replies · 1,585+ views
    Charlie Rangel: I’ve been 'admonished' by ethics committee By: John Bresnahan and Patrick O'Connor February 25, 2010 07:08 PM EST The House Ethics Committee has found Ways and Means Committee Chairman Charlie Rangel violated ethics rules by accepting corporate-funded trips to the Caribbean, according to House sources. Rangel told POLITICO Thursday night that he was being “admonished” by the committee on the grounds that at least two members of his staff knew about the corporate funding for the trips – and that Rangel himself should have known. “I’m satisfied that when you read the report, that you will see that...
  • Treasury Secretary Tim Geithner Opens Up to "Vogue" ("likes to cook dinner – barefoot")

    02/22/2010 8:07:20 AM PST · by maggief · 39 replies · 703+ views
    ABCNews ^ | February 22, 2010 | Matthew Jaffe
    ABC News’ Matthew Jaffe reports: In the first year of the Obama administration, few cabinet secretaries, if any, have had to combat more severe problems and widespread outrage than Treasury Secretary Tim Geithner. A country battling the worst recession since the Great Depression. A financial system teetering on the brink of collapse. A population furious with Wall Street’s abuses and Washington’s bailouts. A flurry of lawmakers calling for his resignation. Maybe that’s why Geithner felt the need to apologize to his family even before accepting the position at Treasury. “When he first took the job, he said he was so...
  • Federal Reserve Bank of New York Subpoenaed in AIG

    02/10/2010 6:46:51 PM PST · by opentalk · 11 replies · 933+ views
    Big Government ^ | Frank Gaffney
    Here’s the latest in the question of the New York Fed, Treasury Secretary Tim Geithner and the AIG bailout, as we’ve covered here at Big Government before (here and here). Last year, Iraq war vet Kevin Murray brought a lawsuit against the Treasury Department and Ben Bernanke (Murray vs. Geithner, et al) for its acquisition of AIG– a scheme that made the US taxpayer the world’s largest provider of Shariah-compliant insurance products. Lawyers David Yerushalmi and The Thomas More Law Center’s Robert Muise found, in the course of discovery, that that was just the tip of the iceberg. Yerushalmi and...
  • More TARP Corruption, Secrecy

    02/10/2010 1:29:28 PM PST · by opentalk · 9 replies · 457+ views
    judicial watch ^ | 02/10/2010 | Judicial Watch
    Adding insult to injury, the U.S. government has paid private firms nearly $160 million, to distribute funds from its severely mismanaged and fraud-infested program to bail out the nation’s financial institutions. Rife with waste and abuse the $700 billion Troubled Asset Relief Program (TARP) has already proven to be a troubling experiment of U.S. tax dollars with virtually no oversight. In fact, dozens of criminal investigations have been launched into the controversial bailout and the risk is only going to grow, according to a Treasury Department Inspector General report issued last spring. So far investigations have centered on securities fraud,...
  • Geithner says US credit rating safe despite debt

    02/07/2010 6:10:05 AM PST · by Zakeet · 44 replies · 811+ views
    Associated Press ^ | February 7, 2010
    Treasury Secretary Timothy Geithner (GYT'-nur) says the U.S. government "will never" lose its sterling credit rating despite big budget deficits and a newly increased debt limit that now tops $14 trillion. [Snip] Moody's Investors Service recently issued a warning that the government's credit rating could eventually be in jeopardy if nation's finances don't improve. The cost of borrowing would increase significantly if the ratings service lowered the credit rating, also known as a bond rating, for U.S. Treasuries. Geithner tells ABC's "This Week" that will never happen.
  • Rangel gift$ to lawyers (Tax-cheat Charlie fends off congressional ethics investigations)

    02/05/2010 3:18:15 PM PST · by Libloather · 2 replies · 293+ views
    NY Post ^ | 2/03/10 | S.A. MILLER
    Rangel gift$ to lawyersBy S.A. MILLER Last Updated: 4:07 PM, February 3, 2010 WASHINGTON -- Embattled Rep. Charlie Rangel spent huge amounts of campaign cash in the last quarter of 2009 on lawyers to fend off congressional ethics investigations, campaign-finance reports show. The Harlem Democrat dropped $575,000 on five teams of lawyers since Oct. 1 -- the lion's share of the $687,000 he spent that quarter. It's far more than the $354,694 Rangel's campaign says he raised during that three-month span. For the past year, the House ethics panel has been probing Rangel's use of congressional letterhead to raise money...
  • State Rep. Terri Hodge pleads guilty (to bribery & unpaid tax charge), will resign

    02/03/2010 9:42:55 AM PST · by a fool in paradise · 18 replies · 667+ views
    AP via Houston Chronicle ^ | Feb. 3, 2010, | no byline
    ...The U.S. Attorney's Office in Dallas announced Wednesday that Hodge pleaded guilty in Dallas to fraud and false statements on an income tax return. She faces up to three years in prison, a $100,000 fine and restitution to the IRS. A sentencing date has not been set. Hodge has agreed never again to hold public office. The Dallas Democrat has been a state representative since 1996 and was running for re-election. According to court documents, Hodge received more than $32,000 in rental subsidies, utilities and carpeting from an apartment developer who built complexes in her district. She never declared the...
  • 'Slush'-hush funds in do-zilch charity (Democrats vote-buying, money laundering scheme)

    02/01/2010 7:37:52 AM PST · by Liz · 6 replies · 331+ views
    NY POST ^ | 2/1/10 | JOE MOLLICA and JEREMY OLSHAN w/ Isabel Vincent
    A nonprofit "charity" founded by NY state Democrats Rep. Gregory Meeks and state Sen. Malcolm Smith -- functions more like a slush fund than a charity....... New Direction Development Corp, created in 2001, used funds to pay for meals, entertainment, consulting fees and IRS penalties. From 2002-08, the charity's headquarters were at Joan Flowers law offices (campaign treasurer for Meeks, Smith, Gov Paterson). The charity also involved Smith's former business partner, Darryl Greene, whose company is one of those comprising Aqueduct Entertainment Group, which Paterson recently awarded the $300 Million racino contract. In 2005, Meeks' campaign donated $10,000 to the...
  • Top Muslim group withholds tax records from IRS

    01/31/2010 7:17:40 PM PST · by Man50D · 15 replies · 797+ views
    WorldNetDaily.com ^ | January 31, 2010
    What is America's most prominent Muslim advocacy group hiding? The Council on American-Islamic Relations is delinquent in filing its tax returns by nearly two years, the IRS has confirmed, raising new suspicions the embattled nonprofit group is concealing from the American public details about its already shadowy financial activities. Washington-based CAIR, which receives revenue from Saudi Arabia and other Arab states, is required by federal law to file its tax returns annually with the IRS to maintain its tax-exempt status. However, it still has not filed its 2007 returns, according to the IRS. Its 2008 tax filing is also late....
  • POLITICO Interview: Timothy Geithner

    01/25/2010 2:56:18 PM PST · by Nachum · 2 replies · 231+ views
    Politico ^ | 1/24/10 | staff
    “INSIDE OBAMA’S WASHINGTON” A POLITICO Video Series January 25, 2010 (Recorded January 22, 2010) INTERVIEWER: MIKE ALLEN, Chief White House Correspondent GUEST: TIMOTHY GEITHNER, Treasury Secretary CHAPTER 1 MR. ALLEN: Hello. I'm Mike Allen, White House correspondent of POLITICO. Welcome to POLITICO’s video series, "Inside Obama's Washington." We're here at the Treasury Department with Secretary Tim Geithner. Welcome, Mr. Secretary. SECRETARY GEITHNER: Nice to see you, Mike. MR. ALLEN: How confident are you that a clear recovery will be underway by this spring? SECRETARY GEITHNER: Very confident. The economy is healing. It's growing. It's more broad based. You see the...
  • 2nd tax lien for Oakland mayor (Ron Dellums): $13,000 for '08 ($239K for 2005-2007)

    01/23/2010 5:10:20 PM PST · by reaganaut1 · 9 replies · 441+ views
    San Francisco Chronicle ^ | January 22, 2010 | Henry K. Lee
    Oakland Mayor Ron Dellums and his wife, who already have a lien on their property for failing to pay more than $239,000 in taxes to the Internal Revenue Service, are now facing a second lien for more than $13,000, records show. Dellums, 73, and his wife, Cynthia, 55, who acts as his unpaid adviser, are named in an IRS lien filed with the Alameda County recorder's office Dec. 23 in the amount of $13,638. The lien, which says it is for tax year 2008, comes two months after the couple were slapped with a lien in Alameda County for failing...
  • Seventy GOP Congressmen Call on Geithner to Cancel the Fannie Mae and Freddie Mac Bonuses

    01/15/2010 3:29:29 AM PST · by Man50D · 7 replies · 619+ views
    CNSNews.com ^ | January 14, 2010 | Karen Schuberg
    Seventy Republican members of Congress want Treasury Secretary Timothy Geithner to cancel up to $6 million in bonuses and deferred compensation -- approved before Christmas 2009 -- for the chief executive officers of the failed mortgage giants Fannie Mae and Freddie Mac. “(T)here’s a letter that’s going to Sec. Geithner from a number of us calling for a rescission of those bonuses,” Rep. Michele Bachmann (R-Minn.) told CNSNews.com Wednesday. On Christmas Eve, at the same time the Obama administration announced that it was removing any cap on the amount of taxpayer aid to Fannie Mae and Freddie Mac, the failed...
  • Charles Rangel proposes a tax on "un-earned" income ...

    01/13/2010 7:38:41 AM PST · by ignorancerunsrampant · 62 replies · 2,187+ views
    bloomberg | 1/13/2010 | me
    You need a Bloomberg terminal to get the story that I have, but the jist of it is the Charles Rangel, Chairman of the House ways and Means suggested that we tax "un-earned" income. These people are a special kind of stupid. This SOB does not pay taxes on the money he earns and wants to tax us a money that we have not earned. Some one tell me when the revelution will start?
  • Geithner called to explain AIG bailout secrecy

    01/08/2010 12:10:56 PM PST · by FromLori · 7 replies · 557+ views
    Breitbart ^ | 1/7/10 | DANIEL WAGNER
    A House committee is planning to grill Treasury Secretary Timothy Geithner about his role in the massive bailout of failed insurer American International Group Inc. The House Oversight Committee is responding to news that key details about AIG's bailout were suppressed by the Federal Reserve Bank of New York while Geithner was its president. A growing chorus of lawmakers says Geithner must explain his involvement in deals that diverted billions from AIG's bailout to Goldman Sachs and other big banks. New York Democrat and committee Chairman Edolphus Towns says the hearing will examine the rise and fall of AIG and...
  • Geithner's NY Fed told AIG to keep quiet on deals

    01/07/2010 9:57:20 AM PST · by NormsRevenge · 43 replies · 2,306+ views
    AP on Yahoo ^ | 1/7/10 | Daniel Wagner - ap
    WASHINGTON – The Federal Reserve Bank of New York pressed American International Group Inc. to withhold details of controversial deals that funneled billions in bailout money to Goldman Sachs and other banks. E-mails show lawyers representing the New York Fed asked AIG to remove the information from a draft financial disclosure. Treasury Secretary Timothy Geithner was president of the New York Fed at the time. The deals were part of a massive rescue effort at the peak of the financial crisis. Lawmakers and others have accused Geithner's Fed of overpaying banks, including Goldman and Deutsche Bank, to cancel deals with...
  • New York Fed to AIG: Can You Keep a Secret?

    01/07/2010 9:43:44 AM PST · by FromLori · 16 replies · 645+ views
    Daily Finance ^ | 1/7/10 | PETER COHAN
    In 2008 the New York Federal Reserve Bank -- then chaired by current Treasury Secretary Timothy Geithner -- urged American International Group (AIG) not to disclose to the public its Credit Default Swaps (CDS) settlement payments to global banks. AIG ultimately received $182.3 billion in bailout funds and credits from the government. The Bloomberg News report about this incident is based on emails between AIG and the New York Fed obtained by Darrell Issa (R-Calif.), a ranking member of the House Oversight and Government Reform Committee. The New York Fed played an important role in AIG's bailout, providing it with...
  • Geithner’s New York Fed Told AIG to Limit Swaps Disclosure

    01/07/2010 6:17:52 AM PST · by Stayfree · 7 replies · 439+ views
    Business Week ^ | January 7, 2010 | Hugh Son
    The Federal Reserve Bank of New York, then led by Timothy Geithner, told American International Group Inc. to withhold details from the public about the bailed-out insurer’s payments to banks during the depths of the financial crisis, e-mails between the company and its regulator show. AIG said in a draft of a regulatory filing that the insurer paid banks, which included Goldman Sachs Group Inc. and Societe Generale SA, 100 cents on the dollar for credit-default swaps they bought from the firm. The New York Fed crossed out the reference, according to the e-mails, and AIG excluded the language when...
  • Ten for the Next Ten (U2's Bono for the NYT OpEd page, creeping tide of government alert)

    01/06/2010 11:10:31 AM PST · by a fool in paradise · 32 replies · 881+ views
    NY Times ^ | January 2, 2010 | Bono (no last name provided)
    ...I am seized by each, and moved by its potential to change our world. Return of the Automobile as a Sexual Object ...That’s why the Obama administration — while it still holds the keys to the big automakers — ought to put some style fascists into the mix... Intellectual Property Developers ...A decade’s worth of music file-sharing and swiping has made clear that the people it hurts are the creators... and the people this reverse Robin Hooding benefits are rich service providers, whose swollen profits perfectly mirror the lost receipts of the music business... An Equal Right to Pollute (and...
  • Timothy Geithner Meets Vladimir Lenin (unlimited Fannie and Freddie bailouts)

    01/04/2010 1:42:12 PM PST · by reaganaut1 · 3 replies · 509+ views
    Hussman Funds ^ | January 4, 2010 | John Hussman
    “The best way to destroy the capitalist system is to debauch the currency.” Vladimir Lenin, leader of the 1917 Russian Revolution Last week, while Congress and the nation were preoccupied with the holidays, the Treasury made a Christmas eve announcement that it would be providing Fannie Mae and Freddie Mac unlimited financial support for the next three years. The Treasury's press release notes: “At the time the Federal Housing Finance Agency (FHFA) placed Fannie Mae and Freddie Mac into conservatorship in September 2008, Treasury established Preferred Stock Purchase Agreements (PSPAs) to ensure that each firm maintained a positive net worth....
  • Bono calls for control over Internet downloads

    01/03/2010 9:18:51 AM PST · by Paul46360 · 107 replies · 2,023+ views
    WASHINGTON (AFP) – Irish rock star Bono called Sunday for tougher controls over the spread of intellectual property over the Internet, arguing that file swiping and sharing hurt creators of cultural products
  • $10 an Hour with 2 Kids? IRS Pounces

    12/06/2009 12:48:00 PM PST · by Publius · 154 replies · 6,944+ views
    Seattle Times ^ | 6 December 2009 | Danny Westneat
    Rachel Porcaro knows she's hardly rich. When you're a single mom making 10 bucks an hour, you don't need government experts to tell you how broke you are. But that's what happened. The government not only told Porcaro she was poor. They said she was too poor to make it in Seattle. It all started a year ago, when Porcaro, a 32-year-old mom with two boys, was summoned to the Seattle office of the Internal Revenue Service (IRS). She had been flagged for an audit. She couldn't believe it. She made $18,992 the previous year cutting hair at Supercuts. A...
  • Tim Geithner's Resignation Is Now On The Table

    11/19/2009 1:54:18 PM PST · by FromLori · 25 replies · 2,015+ views
    The Business Insider ^ | 11/19/09 | Joe Weisenthal|
    During his testimony today, two Republican Congressmen urged Tim Geithner to resign, or said he should be fired. The commentariat seemed shocked that something like this would come up during an official Congressional hearing. And yet, now they're discussing it on CNBC, as a serious question, which is exactly what the Congressmen hoped. It's like when that one Congressman screamed "you lie" during Obama's speech about healthcare. Everyone was scandalized, but it accomplished the goal of getting people to talk about whether or not illegal immigrants would be covered by new healthcare reforms (which is what the shout was in...
  • House Dem: 'Growing consensus' among liberals to dump Secretary Geithner

    11/18/2009 4:39:29 PM PST · by Sub-Driver · 25 replies · 1,177+ views
    House Dem: 'Growing consensus' among liberals to dump Secretary Geithner By Jordan Fabian - 11/18/09 06:50 PM ET A Congressional Progressive Caucus (CPC) member said there's "growing consensus" among liberals that Treasury Secretary Timothy Geithner should step down. Rep. Peter DeFazio (D-Ore.) said Wednesday that he and other liberal House members are becoming increasingly tired of Obama administration economic policies that they say are too focused on maintaining the stability of Wall Street firms and largely ignore "Main Street." "A growing consensus in the caucus [believe that Geithner should be removed]," DeFazio said on MSNBC this evening, adding that some...
  • Another Obama nominee runs into tax problems

    11/18/2009 11:45:27 AM PST · by Justaham · 33 replies · 2,933+ views
    Associated Press ^ | STEPHEN OHLEMACHER
    WASHINGTON (AP) - President Barack Obama's choice for a top job with the Treasury Department is having tax problems. A congressional report says Obama's nominee for undersecretary of the Treasury for international affairs, Lael Brainard, was late in paying real estate taxes in 2005, 2006 and 2007. The report by the Senate Finance Committee staff also challenges the accuracy of a deduction Brainard claimed for running an office from her home. The challenge led Brainard to reduce the deduction on her 2008 return. The committee's top Republican is unhappy that the committee staff had to submit 10 sets of questions...
  • { Oakland Mayor } Dellums could owe $239,000 in taxes

    11/03/2009 1:00:33 PM PST · by SmithL · 20 replies · 679+ views
    SFGate: Oakland Blog ^ | 11/3/9 | Jonathan Bair
    Ron Dellums, who earns about $184,000 as Oakland mayor on top of a congressional pension, appears to owe the Internal Revenue Service at least $66,554. A lien has been placed against his property for failing to pay taxes for 2006. According to the East Bay Express, which broke the story, Mayor Dellums and his wife, who file jointly, may owe more than $239,000 in taxes, mostly for the years he worked as a lobbyist in Washington, DC.
  • The Full Story Of How Tim Geithner Secretly Bailed Out Wall Street And Screwed

    10/29/2009 8:18:02 AM PDT · by FromLori · 20 replies · 1,753+ views
    When the historians finally finish sorting through the appalling decisions that have been made in the past two years, this one will probably be at the top of the heap. Last fall, as AIG began to realize how screwed it was, it started negotiating with the counterparties to all the credit default swaps it had written. One of the AIG's goals was to persuade these counterparties- These sorts of negotiations are exactly what should happen when a company gets in trouble. It goes to its creditors and says, look, we can't pay you everything, so here's your choice: Take something,...
  • US in Recovery But Jobs Growth Slow: Summers (Dems are Jobkillers)

    10/22/2009 5:10:21 AM PDT · by Red in Blue PA · 15 replies · 516+ views
    CNBC ^ | 10/22/2009 | Staff
    The U.S. economy is firmly poised for a recovery from its deep recession but growth may be moderate and the job market will not revive immediately, senior White House aide Lawrence Summers predicted on Wednesday. "There's really no doubt that the third quarter registered growth, and growth at a nontrivial rate, and every expectation that the fourth quarter will do the same," Summers said in an interview as part of the Reuters Washington Summit. Summers, who heads the White House's National Economic Council, also gave strong backing to the beleaguered U.S. dollar, which has fallen to a 14-month low against...
  • Harvard’s Bet on Interest Rate Rise Cost $500 Million to Exit

    10/18/2009 10:03:47 AM PDT · by the invisib1e hand · 22 replies · 1,045+ views
    the B-word ^ | 101809 | the B-word
    Verbotten. story here.
  • U.S. must live within its means: Geithner

    10/17/2009 5:45:24 PM PDT · by goodwithagun · 77 replies · 2,440+ views
    Reuters ^ | Oct 16 2009 | Glenn Somerville and Walter Brandimarte
    WASHINGTON (Reuters) – The United States must live within its means once its economy recovers if it is to preserve global confidence in the U.S. dollar's status, Treasury Secretary Timothy Geithner said on Friday. The comments came as the Obama administration reported a record U.S. budget deficit for the fiscal year ended September of $1.4 trillion. At 10 percent of gross domestic product, it was the biggest U.S. fiscal shortfall since World War Two.
  • Boehner pledges GOP will continue to pursue Rangel

    10/08/2009 5:45:14 PM PDT · by markomalley · 9 replies · 459+ views
    The Hill ^ | 10/8/2009 | Michael O'Brien
    Republicans won't relent in pushing Rep. Charlie Rangel (D-N.Y.) to step down from his powerful chairmanship, House Minority Leader John Boehner (R-Ohio) vowed Thursday. A day after most Democrats (and some Republicans) voted to shuffle off a resolution that would have forced Rangel to step down as chairman of the House Ways and Means Committee, Boehner said Republicans would continue to pursue the issue, while holding themselves to a high ethical standard. "The move by House Democrats to simply refer the resolution to the Ethics Committee was an effort to sidestep the issue and make it easier for them to...
  • House ethics panel to expand Rangel probe

    10/08/2009 5:32:11 PM PDT · by markomalley · 14 replies · 560+ views
    Washington Times ^ | 10/8/2009 | Joseph Weber
    The House panel investigating alleged ethics violations by Rep. Charles B. Rangel, New York Democrat, said Thursday it voted unanimously to expand the probe. A statement by the House Committee on Standards of Official Conduct said its investigative subcommittee already has issued nearly "150 subpoenas, interviewed approximately 34 witnesses resulting in over 2,100 pages of transcripts." The subcommittee also has analyzed more than 12,000 pages of documents and held more than 30 investigative meetings, according to the statement issued by Rep. Zoe Lofgren, California Democrat, who is the committee chairman, and ranking minority member Rep. Jo Bonner, Alabama Republican. However,...
  • It's looking impossible to clean this House

    10/08/2009 6:57:00 AM PDT · by opentalk · 11 replies · 729+ views
    New York Post ^ | October 8, 2009 | Charles Hurt
    WASHINGTON -- Every criminal operation has its code of silence. The Mafia enforces omerta. Bad cops erect their blue wall of silence. And Democrats running Congress have their "motion to refer." That was the slimy tool Speaker Nancy Pelosi wielded on the floor of the House of Representatives yesterday to cover up for her tax-dodging top committee chairman, Charlie Rangel.
  • Update: House Dems move to quash Remove Rangel resolution, 243-156

    10/07/2009 11:12:51 AM PDT · by kara2008 · 76 replies · 4,321+ views
    Michelle Malkin ^ | 10/7/2009 | Michelle Malkin
    Rangel dodges the bullet again with a little help from his corruption-enabling friends. Final vote tabling Carter’s resolution to remove Rangel from W&M chairmanship: 243-156. 19 voted present. 3 REPUBLICANS joined the Democrats. Will post roll call vote as soon as it is up.
  • Congressional Sclerosis--Rangel Suffers From a Case of Entitlement

    09/15/2009 10:20:07 AM PDT · by jazusamo · 11 replies · 525+ views
    Washington Post ^ | September 15, 2009 | Richard Cohen
    Once upon a time, before I began an interview with Rep. Charles Rangel, I was warned by an aide not to bring up the 1970 race in which the upstart Rangel defeated the virtually legendary Adam Clayton Powell to gain his House seat. In the intervening years, Powell had gone from has-been to icon, with both a state office building and a boulevard named for him in Harlem, and it did Rangel no good in his district to be remembered as the man who brought down Powell -- a little bit of history that desperately needed airbrushing. This, we are...
  • HOLD FOR PUB: ACORN Reportedly Assists 'Pimp,' 'Prostitute' to Obtain Housing

    09/10/2009 6:30:16 AM PDT · by Halfmanhalfamazing · 130 replies · 6,907+ views
    Fox news via google cache ^ | September 8th 2009
    <p>ACORN officials offered to assist two individuals posing as a pimp and prostitute, encouraging them to lie to the Internal Revenue Service and providing guidance on how to claim underage girls from South America as dependents, according to an audiotape acquired by FOXNews.com.</p>
  • Charlie Rangel, The Ultimate Congressional Hypocrite

    09/01/2009 5:43:34 AM PDT · by Shellybenoit · 5 replies · 360+ views
    NY Post/The Lid ^ | 9/1/09 | The Lid
    Charlie Rangel, the chairman of the House Ways and Means Committee, the committee that writes the tax law, wants the IRS to get tough on taxpayers even if they make unintentional mistakes. Yes THAT Charlie Rangel. The one who is constantly getting caught "forgetting" about his income. * In September he admitted a failure to report $75 thousand in taxes. * He was discovered taking a tax break for people whose primary residence was in Washington DC, but if his primary residence was in DC he couldn't be congressman representing NYC. And besides, he was occupying four rent controlled controlled...