Geithner filed own taxes
Posted: Wednesday, January 21, 2009 12:01 PM by Domenico Montanaro
From NBC's Ken Strickland
Treasury Secretary nominee Tim Geithner, the president and chief executive officer of the Federal Reserve Bank of New York, filed his own taxes using Turbo Tax during the period he neglected to pay thousands of dollars in taxes.
Under questioning from Senate Finance Committee Republican member Chuck Grassley, Geithner was very reluctant to disclose which tax filing software he used. He quickly suggested the software wasn't the problem; he was.
Video: During opening remarks at his senate confirmation hearing, Treasury Secretary-designate Tim Geithner says that "the most prudent course, is the most forceful course," in fixing the American economy.
But Grassley pushed back, again asking what software he used. Geithner said, "Turbo Tax." Grassley then asked if Turbo Tax has brought it to his attention that Geithner needed to pay more taxes. Geithner said, "No."
Today is the first day Geithner has publicly discussed the taxes issue. Last week, he explained himself before members of the committee in a closed session and followed up with phones calls to some Republicans on the panel.
The outlook for Geithner's nomination appears on track, with key Republicans last week calling the tax matter "troubling and serious" but not a "disqualifying factor."