Tags: obama | treasury | taxes

Obama Treasury Nominee Has Tax Problems

Wednesday, 18 Nov 2009 03:23 PM

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WASHINGTON – President Barack Obama's choice for a top job with the Treasury Department is having tax problems.

A congressional report says Obama's nominee for undersecretary of the Treasury for international affairs, Lael Brainard, was late in paying real estate taxes in 2005, 2006 and 2007.

The report by the Senate Finance Committee staff also challenges the accuracy of a deduction Brainard claimed for running an office from her home. The challenge led Brainard to reduce the deduction on her 2008 return.

The committee's top Republican is unhappy that the committee staff had to submit 10 sets of questions to Brainard before getting complete information about the discrepancies.

Brainard is the fifth Obama nominee to have tax problems.

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