Posts tagged as:

Geithner

When I Said Corporate Tax Reform, I Meant…

25 February 2011

Wow. So, you bandy about a couple of phrases like “corporate tax reform” and you end up waking the sleeping giant… The Obama administration has indicated, through U.S. Treasury Secretary Timothy Geithner, that it’s serious about corporate tax reform. And we’re not just talking about those rules governing multinational companies. That’s good, right? Well, sort [...]

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Congress Considers “Tax Holiday” for Corporations

13 February 2011

I think we all saw this coming. We’re easing out of a recession. The deficit is climbing. Companies *might* be hiring again, depending on the sector. Wall Street is inching back up, salaries and bonuses included. Retail sales are rebounding. It’s all good, right? We’re getting there, the President keeps reminding us, as he reiterates [...]

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Is the White House Banking on a Financial Industry Tax?

12 January 2010

I can’t imagine that this looked all that good on paper… Apparently, in an effort to recover the TARP money from banks and other groups that the White House is anticipating won’t actually be paid back to taxpayers, they’re going to tax the banks, who will likely pass along the tax to taxpayers – to [...]

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Geithner Back Tracks on Possible Tax Increase

15 September 2009

Remember last month when Secretary of the Treasury Timothy Geithner would not rule out a tax increase for the middle class to resolve our budget woes? Well, apparently he’s changed his mind. Speaking this week, Geithner was asked the same question. This time, his answer was: “I don’t think so, no.” So there you have [...]

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Obama Says No To Middle Class Tax Increase

3 August 2009

It was just a matter of time before Obama made a statement rebutting the suggestion from Geithner that a tax increase on the middle class was imminent. Apparently, a matter of time means less than a day. Today, President Obama’s press secretary Robert Gibbs was quick to clarify that statements made over the weekend by [...]

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Is Geithner Copping to a Tax Increase for the Middle Class? Hardly.

2 August 2009

When President Obama was running for office, he pledged not to raise taxes on the middle class. Is he about to go back on his word? Pundits are screaming that tax cuts for the middle class are “imminent.” I don’t know that I’d go that far. What all of the hullaballoo is focusing on is [...]

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IRS Reverses Course on Cell Phone Tax; Asks Congress for Repeal

16 June 2009

Just a few days ago, IRS Commissioner Doug Shulman asked for public feedback on proposals to clarify a 1989 law regarding the taxation of cell phones. Apparently, he got some. Earlier today, Shulman announced that he, together with Treasury Secretary Geithner, has asked Congress to repeal the tax altogether. (Remember, Congress makes the tax laws, [...]

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New Secretary Nominee Hits Bump in the Road

31 January 2009

First it was Geithner and his self-employment tax issues. Now, a new Obama pick for the Cabinet has tongues in the Senate Finance Committee wagging over tax matters: Senator Tom Daschle (D-SD). The Senate Finance committee plans to review a number of items when they meet on Monday. The issues that concern the committee are [...]

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Geithner Confirmed as Secretary of the Treasury

26 January 2009

It’s official: we have a new Secretary of the Treasury. The Senate has confirmed Timothy Geithner, President Barack Obama’s pick for Treasury Secretary. The votes for Geithner did not reflect overwhelming confidence in Obama’s pick. The final vote was 60-34 in favor of Geithner. The vote was not strictly partisan with many Republicans embracing Geithner, [...]

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Fix the Tax Code Friday: SE Tax

16 January 2009

It’s Fix the Tax Code Friday! Over the last few days, there has been a lot of focus on Obama’s nominee for Secretary of the Treasury, Timothy Geithner, and his tax woes. Geithner’s tax problems still from the failure to pay self-employment taxes during his stint at the IMF. Critics on both sides have seized [...]

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