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Current Events => Politics => Topic started by: Chris on December 03, 2009, 05:28:14 AM

Title: GOP Introduces Geithner Penalty Waiver Act
Post by: Chris on December 03, 2009, 05:28:14 AM
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Congressmen John Carter (R-TX) and Lynn Westmoreland (R-GA) yesterday introduced the Geithner Penalty Waiver Act, requiring that the IRS assess the same penalty against U.S. taxpayers that came forward in the UBS tax fraud investigation as paid by Treasury Secretary Timothy Geithner for failing to pay taxes on his IMF income -- zero.
http://taxprof.typepad.com/taxprof_blog/2009/12/gop-introduces-.html

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The Equal Protection Clause of the 14th Amendment to the U.S. Constitution mandates equal penalties for similar offenses, and the failure of the IRS to assess any penalties against Geithner demands similar penalties for all taxpayers with substantially equivalent cases. “This bill seeks to codify what is now established by the law of precedent,” says Carter. “The Geithner case has established a legal precedent for the determination of penalties by the IRS, and that precedent can be cited in all federal tax courts. The penalty is now set at zero.” “Taxpayers who willfully attempt to evade paying their fair taxes should pay a penalty, or our tax code becomes unenforceable,” says Carter. “This bill is not to reward tax evaders, but to defend the Rule of Law itself. If we as a nation choose not to enforce the law against the politically privileged, then we cannot enforce the law against others without undermining respect for the law itself.”

Heh. :-)
Title: Re: GOP Introduces Geithner Penalty Waiver Act
Post by: TheSarge on December 03, 2009, 07:37:51 AM
As many tax cheats as there seems to be among the Dems...you'd figure they'd be falling all over themselves to support this.
Title: Re: GOP Introduces Geithner Penalty Waiver Act
Post by: miskie on December 03, 2009, 05:16:42 PM
As many tax cheats as there seems to be among the Dems...you'd figure they'd be falling all over themselves to support this.

I suspect they quietly do - They just can't publicly -else appear to be evil 'teabaggers'.
Title: Re: GOP Introduces Geithner Penalty Waiver Act
Post by: bkg on December 03, 2009, 05:27:19 PM
I'd really like equal protection under the law, especially when it comes to taxing me more for my efforts than someoen else for their efforts. Equal protection has no support - rather, the COTUS has no support.