Obama and his treasury secretary, Timothy Geithner, said it's long past time for Washington to straighten out a tax code that makes it more expensive for American companies to hire employees in the United States than in other countries.
At a May 4 announcement at the White House, Geithner began by saying the Obama administration believes that it's time to bring fairness to the U.S. tax code.
"Today we are taking another important step toward those goals by ending indefensible tax breaks and loopholes which allow some companies and some well-off citizens to evade the rules that the rest of America lives by," Geithner said.
The transcript doesn't indicate whether or not Taxcheat Tim blushed as he issued the statement.
Larry Kudlow reminds us of this gem from the Geithner confirmation hearings:
Let’s take a look back at Geithner’s “non-answer” answer to a simple question posed by Sen. Jim Bunning during Geithner’s confirmation hearing.
SEN. BUNNING: Would you have paid your 2001 and 2002 tax had you not been nominated to be the treasury secretary?
GEITHNER: Senator, as I said initially, I should have asked more questions when I concluded that audit at the time, and I didn’t. When I think back on that, I regret not having done that. But I should have done it at that point.
Via Gateway Pundit, the video: