Tuesday, March 03, 2009
Your Tuesday night humor: The Obama administration will go after tax cheats!
As our friend Glenn Reynolds of Instapundit wrote:
"YOU CAN’T MAKE THIS STUFF UP: Geithner: Obama to fight international tax dodgers.
No wonder they’d rather talk about Limbaugh."
It goes like this:
"President Barack Obama's Treasury secretary says the administration will unveil a series of rules and measures in the coming months to limit the ability of international companies to avoid U.S. taxes.
Treasury Secretary Timothy Geithner told the House Ways and Means Committee on Tuesday that Obama will propose legislation to limit U.S. companies' ability to shelter foreign earnings from taxation in the U.S.
He also said the administration will try to limit wealthy Americans' ability to use tax havens to avoid taxation.
He did not immediately provide details."
OK. Frankly, Sec Geithner never provides details! We are still waiting for the "bank program"!
So now we know! Beware tax cheats! Sec Geither, Hilda Solis and Ron Kirk will be checking your returns!