Posts tagged as:

Treasury

IRS Offers Taxpayers ‘One More Chance!’

10 January 2012

My seven year old has a penchant for getting herself into trouble. She’s that kind of kid who pushes boundaries to see exactly how far she can get. Lucky for her, she also has a pretty quick wit and a couple of looks up her sleeve. When she gets into trouble, she peers up at [...]

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Do Americans Want to Pay Higher Taxes To Reduce Our Debt?

26 July 2011

Do Americans want to pay higher taxes to pay down our debt? It depends on who you’re listening to. Much has been made of wealthy taxpayers publicly stating that they want to pay higher taxes even as Congress is arguing that most Americans don’t want to taxes to be raised on anyone, full stop. This [...]

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Treasury Plays Fairy Godmother to Citi; Kucinich Says Not So Fast

18 December 2009

Not everyone is as thrilled about Citigroup’s new tax breaks as, well, Citi. Former presidential contender Rep. Dennis J. Kucinich (D-OH) counts himself of as one of those who has concerns about the Treasury Department’s decision to change the law so that Citigroup could keep billions of dollars in tax breaks. He went so far [...]

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Tax Revenues Lowest Since Depression

4 August 2009

The sky is falling! The sky is falling! Okay, not really. But revenues are falling. And it feels just as dramatic. As the economy slowly begins to recover, another challenge looms on the horizon: how to pay for of this “stimulus.” Cash for Clunkers? Stimulus checks for the disabled? TARP relief for banks? Extended unemployment [...]

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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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Elizabeth Garrett Says No To Top Tax Job

29 May 2009

Wanted: Assistant Treasury Secretary for Tax Policy. Must love taxes and be willing to undergo grueling nomination process. Also important to demonstrate understanding that everyone will hate what you do. As it turns out, nobody seems to want that job. Funny, at a time when the public is highly critical of the Treasury – clearly [...]

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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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Geithner Says “I’m Sorry”

22 January 2009

In a hearing before the Senate Finance Committee, Timothy Geithner says he is sorry. Is it enough? The Committee seemed to think so, voting today in favor his nomination as Treasury Secretary. The final vote was 18-5 with the following Senators voting against Geithner: Chuck Grassley (R-IA); Jon Kyl (R-AZ); Jim Bunning (R-KY); Pat Roberts [...]

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Obama’s Treasury Pick Under Fire for Tax Liability

14 January 2009

In the midst of the current economic crisis, I know that many in Congress were hoping for a smooth transition to a new administration. That may not happen. President Elect Barack Obama’s nomination to head the Treasury Department has hit a road block: revelations that Timothy Geithner had failed to timely pay $34,000 in taxes. [...]

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Paulson Changes His Tune (Again)

5 December 2008

When Forbes magazine President and CEO Steve Forbes called Treasury Secretary Henry Paulson “the worst treasury secretary we’ve had in modern times,” it made for some good chuckles on late night television, but not many people seemed to pay attention. I have a feeling that will be changing. Paulson keeps changing his mind, it seems, [...]

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