January 22nd, 2009
11:33 AM ET
4 years ago

Senate Committee endorses Geithner for Treasury

Geithner has been approved by the Senate Finance Committee.

Geithner has been approved by the Senate Finance Committee.

WASHINGTON (CNN) - The Senate Finance Committee voted 18-5 Thursday to send the nomination of Treasury Secretary-designate Timothy Geithner to the full Senate.

Geithner apologized to the committee during his confirmation hearing Wednesday for his past failure to pay more than $34,000 in self-employment taxes between 2001 and 2004.

Filed under: Timothy Geithner
soundoff (191 Responses)
  1. HA

    He get this one chance to make good.

    January 22, 2009 12:43 pm at 12:43 pm |
  2. Chipster

    It's amazing how many people have never found the tax policies and forms confusing. Suddenly, it's shocking that someone could make a mistake and actually ADMIT making a mistake.

    Jenn is even accusing Geithner of cheating on his taxes when no one has made any suggestion that this was anything more than a clumsy oversight. Hey, Jenn, let's take a look at your taxes and see if we can find a mistake or two. I'm all for holding people accountable but the committee has investigated this and found nothing to warrant rejecting this candidate. Let's move on.

    January 22, 2009 12:43 pm at 12:43 pm |
  3. Glennis

    Somehow, I'm not overwhelmed with confidence in the system by Geithner's confirmation. I personally would rather see someone who is responsible for the entities that requre me to file my taxes be someone who actually pays his own. Not only did he not pay those taxes, he signed the paperwork for, and was reimbursed for the very taxes he didn't pay! Sorry, I just don't believe him.

    January 22, 2009 12:44 pm at 12:44 pm |
  4. david

    the man should not be confirmed. he can't manage his own household finances, taxes, employees so how can he be trusted with the nation as secretary of treasury? if he is confirmed, it will indicate that obama's administration will be, or is, a corrupt one.

    January 22, 2009 12:44 pm at 12:44 pm |
  5. RickLattimer

    Interesting. Try using the "Geithner Gambit" next time the IRS audits you.

    January 22, 2009 12:46 pm at 12:46 pm |
  6. Bob K

    Apologetic after he was caught? That sounds familiar. So much for accountability in the piped piper of Chicagoland's administration.

    January 22, 2009 12:46 pm at 12:46 pm |
  7. Rob

    If I failed to pay even a tenth of what he failed to pay I would be in a world of trouble with the IRS, I am no tax genius but I have been able to figure out how to calculate self-emplyment tax. It is a fairly simple form. Either he is not very smart or he intentionally tried to cheat the government and thus the American public. That this does not seem to be of great importance to our Senate speaks volumes on the quality of our senators.

    January 22, 2009 12:46 pm at 12:46 pm |
  8. Tate

    Love democrates, not only did he not pay his taxes he deposited the money given to him quarterly to pay them into his own account. Now this is change we can believe in, criminals and cheats can now run the country! Yes we can Yes we can. Obama is making this just like chicago surrounding himself with crooks.

    January 22, 2009 12:47 pm at 12:47 pm |
  9. S.Ransom

    The then Senator B. Obama was not aware of the implications of Tim Geithner's tax folly-essential to our process of check and balances, is this provision for these very issues to be scrutinized. Trusting that he was voted in and confirmed now -after he has 'grilled' is in fact a key component of how are poitical process successfully works. He has been confirmed and will without question be much more consistent with his taxes-no doubt.

    January 22, 2009 12:47 pm at 12:47 pm |
  10. Hawkeye

    He who is without sin should throw the first stone. Get over it!

    January 22, 2009 12:48 pm at 12:48 pm |
  11. RJ

    Dayahka – (making it illegal, for example, to issue or trade any of those fraudulent derivatives that Paulson and Greenspan invented)

    Where do you get your facts from?

    They didn't "invent" any of them.
    The "industry" did. And CONGRESS refused to step in when they saw how bad it was getting.

    And Geithner is NOT the right person for the job.

    January 22, 2009 12:48 pm at 12:48 pm |
  12. tk1

    Wait, it gets better, " Gitmo closes, Terrorist moving to a neighborhood near you"!!!!!!!!!!!!!!!!

    January 22, 2009 12:49 pm at 12:49 pm |
  13. Katy

    I will judge him on his performance. Every one deserve 2nd chance. I forgive his mistake but won't forget .. will forget if he helps turning economic cricis around for better.

    January 22, 2009 12:51 pm at 12:51 pm |
  14. Darko

    Was there ever any doubt that he would be accepted? Democrats are rubber stamping anything Obama puts forth.

    If he's so darn smart, then choose someone else as Treasury Secretary and appoint Geithner as a special advisor.

    January 22, 2009 12:51 pm at 12:51 pm |
  15. Sharon Kitchen

    Finaly................now can he get to work????????????????????

    January 22, 2009 12:52 pm at 12:52 pm |
  16. Mike Dallas

    Geithner was audited by the IRS in 2006. The IRS found the missing taxes for 2 years, he PAID his taxes and interest.

    The transition team during the vetting process found that he made the same mistake for two more years. The transition team informed him and he PAID the taxes plus interest.

    Two tax accountants that he had review the returns also missed the underpayment.

    He has PAID his taxes and interest, just as I did when I was audited and I am not a felon charged with tax evasion and neither should he..

    January 22, 2009 12:53 pm at 12:53 pm |
  17. Hammer

    Does this mean that I don't need to file fed tax any more?

    January 22, 2009 12:54 pm at 12:54 pm |
  18. dennis

    BAD appointment. This is the ONLY guy Barry can come up with ?? Get rid of this ....opps, my mistake.....................guy.

    January 22, 2009 12:54 pm at 12:54 pm |
  19. lilacs

    He has since paid all his taxes plus all penalties. Give it a rest After all the crimes bush and the republicans have commited and gotten away with ,this guy did not ask for a cover-up and did offer an apology, much more then you will ever gey from bush, cheney, or any other republicans. Yes he should have paid his taxes on time, but he made an error. Ever hear of a second chance. If the guy does it again the get rid of him.

    January 22, 2009 12:56 pm at 12:56 pm |
  20. billy-bayou

    God knows, you frigging people ask, no begged for "CHANGE" and now you have it...Live with it.
    And wait until you see the rest of what "the Great Himself has in store for you.......LAMO

    January 22, 2009 12:56 pm at 12:56 pm |
  21. Put down the "Change" kool Aid

    Their has got to be a better pool of candidates in America then a guy who cheats on his taxes. This is a man who also has been around since the beginning of the bailouts and has no idea where the money went?????????????
    Come on Obama, do a little bit of investigation before you recommend someone to the most important job in the country. You should have learned from your Richardson recommendation.

    January 22, 2009 12:56 pm at 12:56 pm |
  22. Scott Tucson

    Does this gives me the green light to cheat on my taxes too? If not than we should email our senators and voice our opposition to this nominee ASAP!

    January 22, 2009 12:56 pm at 12:56 pm |
  23. jl

    I'm guessing that all of you negative folks have never filed more than a 1040EZ, because you obviously don't understand how complicated taxes are when you are self employed.

    Those of us who are self employed rely on so-called tax professionals to navigate for us. Forget about trying to understand the international tax code. It's impossible and very easy to make a mistake.

    Perhaps we shouldn't be so judgemental if we don't know what we are talking about.

    January 22, 2009 12:56 pm at 12:56 pm |
  24. Reality check

    He did pay his taxes once he was made aware of the discrepency you nimwitts!!! Do you guys have jobs with the IMF? Do you guys not get your taxes withheld automatically then have to figure out how much you owe? Then shut up and move on to more important stuff than a guy who paid back taxes with interest. Thanks for turning a non-story into a scoop!

    January 22, 2009 12:57 pm at 12:57 pm |
  25. Jon Davis

    Bush should have let Libby off the hook and thrown Cheney, the author of a crime who got Libby on the hook, to the wolves.

    But Libby gets no sympathy for me; he should have provided evidence against Cheney in exchange for immunity.

    In general, I don't think Obama should investigate all the crimes committed by members of the Bush administration with one exception: a special counsel should be appointed to investigate Dick Cheney.

    (This comment should appear under another story, however, even though the Cheney story said it was open to comments, it refused to accept my comment).

    January 22, 2009 12:58 pm at 12:58 pm |
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