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Do Unto Taxpayers As Geithner Had Done Unto Him

Do Unto Taxpayers As Geithner Had Done Unto Him

Via the TaxProf, GOP Introduces Geithner Penalty Waiver Act:

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.

Also known as the:

“‘Do Unto Taxpayers As Geithner Had Done Unto Him’ Penalty Waiver Act.”

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Great post. Perhaps a taxpayer-wide moratorium on IRS penalties is appropriate for the duration of this administration.

glad to see someone in Congress has a sense of humor…..

Yeah, but it isn't funny is it.

Congressmen John Carter (R-TX), my congressmen BTW, doesn't mind stirring the political pot does he?   And remember Carter was also the one who pushed for 'The Rangel Rule' a while back.