Thursday, March 19, 2009

13 firms receiving federal bailout owe back taxes

They aren't worried about it though, they use the same tax company as Turbo Tax Tim Geitner.

AP – United States Attorney General Eric Holder, left, shares a moment with Rep. John Lewis, D-Ga., prior … WASHINGTON – At least 13 firms receiving billions of dollars in bailout money owe a total of more than $220 million in unpaid federal taxes, a key lawmaker said Thursday.

Rep. John Lewis, D-Ga., chairman of a House subcommittee overseeing the federal bailout, said two firms owe more than $100 million apiece.

"This is shameful. It is a disgrace," said Lewis. "We are going to get to the bottom of what is going on here."

The House Ways and Means subcommittee on oversight discovered the unpaid taxes in a review of tax records from 23 of the firms receiving the most money, Lewis said as he opened a hearing on the issue.

Perhaps if these tax cheats paid their taxes there wouldn't be a need for bailout problems.


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