The Conservative Cave
Current Events => Economics => Topic started by: bijou on March 19, 2009, 10:36:20 AM
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WASHINGTON (AP) — 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, 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, D-Ga. "We are going to get to the bottom of what is going on here."
The House Ways and Means subcommittee on oversight discovered the delinquent 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.
"If we looked at all 470 recipients, how much would they owe?" Lewis asked. ...
link (http://www.google.com/hostednews/ap/article/ALeqM5jqr4UotRftClHlFwgJmVYnR7xDJgD9715GI01)
The vetting problem isn't confined to nominees.
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What a trainwreck of an administration. The passing of the non-stimulus package should go up for a re-vote and it should allow ALL members of Congress SUFFICIENT TIME to review the package as well as the recipients of this tax-payer funded bail-out. It's like a group of theives getting rich on the taxpayers dime...both the giver and the takers...corruption galore.