The Confirmation Hearings for Geitner & Daschle have highlighted a problem that is not mentioned very often. Rich people can get away with not paying taxes because the IRS does not have the funding to do thorough audits. When nominated for high government office, they suddenly remember the taxes they should have paid.
Unfortunately, an extra hundred thousand dollars here and there doesn’t really make much of a dent in our deficit. So I had another thought.
Corporations are people. We could get billions of dollars in back taxes with the right nominations. I’ll start the list;
Exxon – Energy Secretary
Microsoft – Commerce Secretary
Halliburton – Defense Secretary