Taxpayers have been crying foul for weeks now after it was revealed that executives of failing financial institutions were still being rewarded with extraordinary payouts. How big were the payouts? If you include stock options, bonuses, and perks, the chief executives of 10 banks which received $161 billion in federal bailout money took home a…
President Barack Obama has admitted that he made a mistake in handling the nomination of Tom Daschle. Daschle had been tapped by President Obama as his choice for Secretary of the Department of Health and Human Services until revelations that Daschle had made a number of errors on his taxes were made public. Daschle called…
Former Senator Tom Daschle has made a written request to President Obama to withdraw his nomination for Secretary of Health and Human Services. I will update you as I have more information.
Don’t get excited. It’s not Daschle. Today, Nancy Killefer withdrew her nomination to become chief performance officer in the Obama administration. The new position, created this year, was supposed to “restore fiscal order and reform government.” Apparently, not in her own house. Killefer withdrew her nomination due to “unspecified tax issues.” No further details were…
And well he should be. Tom Daschle, President Barack Obama’s nod for Secretary of the Health and Human Services Department, has offered an apology for not paying more than $120,000 in federal taxes. Instead, Daschle tried to offer an explanation for the tax errors. Yes, plural. Daschle claims that the information provided to him from…
And well he should be. Tom Daschle, President Barack Obama’s nod for Secretary of the Health and Human Services Department, has offered an apology for not paying more than $120,000 in federal taxes. Instead, Daschle tried to offer an explanation for the tax errors. Yes, plural. Daschle claims that the information provided to him from…
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…
If this was to the be dawn of a new era of bipartisanship, it didn’t look like it today. President Obama’s stimulus package, a modified version of the original $825 billion plan, shaved off a few billion and still did not manage to get one Republican “yes” vote in the House. The final vote was…
Taxpayer asks: Obama is saying he wants to give us tax breaks retroactive to 2008. Should we wait to do our taxes until we see what he is going to do? Thanks, Taxgirl says: Don’t wait to file! The current proposal being offered by the House doesn’t offer any credits or tax breaks retroactive to…
Taxpayer asks: I saw on the news that we will have a second check in February. I can’t find it again. Can you help? Taxgirl says: Wow. Just wow. I’ve received a slew of similar emails over the weekend. I don’t know where this info is coming from – or what news program might have…