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All three newscasts filed from Capitol Hill on the grilling by the Senate Finance Committee for Timothy Geithner, the nominee for Secretary of the Treasury. "There is plenty of praise for Geithner's qualifications to run Treasury but his tax problem is another matter," observed NBC's Kelly O'Donnell. ABC's Jonathan Karl noted that "Republicans were not buying the innocent mistake explanation." CBS' Sharyl Attkisson (no link) went into most detail about what Geithner had done wrong--or failed to do right. She explained that the nominee worked for four years at the International Monetary Fund, where he was considered to be self-employed. An audit on the third and fourth year found that he failed to pay self-employment payroll taxes of $16,000. "The IRS waived the penalties." Yet Geithner failed to remedy his mistake retroactively for the first and second year, $26,000 more, until after he knew he was going to be nominated. "I would never put myself in a position where I was not intentionally--I was intentionally not--meeting my obligations as an American taxpayer," was Geithner's best excuse.
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