It's odd. The nominee for Treasury Secretary, who has
ultimate authority over the IRS, "forgets" to pay substantial
taxes for which he was reimbursed
by his employer (the International Monetary Fund).
And the liberal chattering classes stay
largely silent.
Now don't get me wrong. I'd like to have a private tax cut
as much as the next guy. But unless Secretary Geithner
intends to extend the practice to the rest of us (as someone who
is self-employed, just let me tell how much I hate paying the
Social Security and Medicare taxes!), this issue certainly
deserves more than a wave and "oh well" by the Senate.
About the Author
Doug Bandow is a Senior Fellow at the Cato Institute and the Senior Fellow in International Religious Persecution at the Institute on Religion and Public Policy. A former Special Assistant to President Ronald Reagan, he is author of Beyond Good Intentions: A Biblical View of Politics (Crossway).