All the Presidents tax cheats!
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All the President's Tax Cheats
Wednesday, February 04, 2009
You never get a second chance to make a first post-inaugural impression. Less than three weeks into his first 100 days, Barack Obama has left an indelible mark on his nascent presidency: the mark of incompetence and hubris. Despite the administration's much-touted wealth of bright minds and high bars, the transition has been a complete disaster.
In a double whammy on Tuesday, tax troubles and ethical clouds forced the withdrawal of not one but two high-profile Obama nominees. These come on the heels of former Commerce Secretary-nominee Bill Richardson's withdrawal due to a pay-for-play probe in New Mexico and Treasury Secretary Tim Geithner's "tax goofs" involving his failure to pay $43,000 in federal self-employment taxes for four separate years -- until, that is, he was nominated for the Treasury post. Thorough vetting, it seems, is an inconvenient process -- a pesky "distraction," if you will -- in the Land of Hope and Change.
Health and Human Services Secretary-designee Tom Daschle finally bowed out after aggressive rehabilitative efforts failed. His chummy Senate pals on both sides of the aisle may have been willing to forgive his failure to pay longstanding back taxes owed on limo services, undisclosed consulting fees and dubious charitable donations worth an estimated $146,000, including interest and penalties. But the American people were not. (And an interesting postscript: He may have apologized and dropped out of the administration, but Daschle still owes Medicare taxes equal to 2.9 percent of the personal value of the car service he received from Democratic donor and crony Leo Hindery Jr.)
Just before the Daschle announcement came the withdrawal of Nancy Killefer. She was tapped to be President Obama's "Chief Performance Officer," overseeing compliance, organizational effectiveness and waste management across every federal agency. But the former Clinton Treasury official and head of the prestigious Washington office of the management consulting firm McKinsey & Company, Inc