Erick Erickson,Red State
Tim Geithner commits perjury before Senate
Mr. Geithner faced some uncomfortable questions over why he failed to pay more than $34,000 in Social Security and Medicare taxes over several years while working at the International Monetary Fund.
Sen. Jon Kyl (R.,Ariz.) called it “incomprehensible” that Mr. Geithner didn’t realize he needed to pay employment taxes. He also questioned why Mr. Geithner took so long to correct the problem for tax years 2001 and 2002. The payroll-tax errors were discovered during a 2006 Internal Revenue Service audit of Mr. Geithner’s taxes,and he paid what he owed for 2003 and 2004. But Mr. Geithner didn’t pay the Social Security and Medicare tax he owed for 2001 and 2002 until after Mr. Obama indicated in the fall that he planned to nominate him as Treasury secretary.