http://www.youtube.com/watch?v=_sk1FoPJc0IWe’re living in historic times and there was another historic first for the Obama administration yesterday: an admitted tax cheat introduced a tax reform program.
Yes, the Obama administration announced a plan to reduce tax evasion by companies with overseas operations. And the plan was introduced by none other than Treasury Secretary “Turbo Tax” Timothy Geithner.
Media bias being what it is, we didn’t notice any of the mainstream media outlets actually reporting it this way. But the irony is so rich that you really have to wonder how they could have ignored it.
Here’s how Geithner introduced his Fearless Leader:
Mr. President, when you took office, you promised to reform our tax code so that it would be more simple and more fair for hard-working Americans. And you promised to ensure that our tax dollars would be used to strengthen the American economy, and American competitiveness. Today, we are taking another important step towards those goals by ending indefensible tax-breaks and loopholes which allow some companies and some well-off citizens to evade the rules that the rest of America lives by. We believe in a level playing field…the Internal Revenue Service, under the strong and able leadership of Commissioner Doug Schulman, are making an unprecedented effort to upgrade and strengthen enforcement capacity. The President’s budget will add up to 800 full-time IRS employees devoted to detecting and bringing to justice those who unlawfully hide assets and income.
Hypocrisy, thy name is Geithner.
Why pick on companies with overseas operations? Hell, Obama could probably balance this bloated pig of a budget if he merely got all the Democrats to pay their back taxes.
Source: NewsBusters.org
