U.S. Senator Johnny Isakson, R-Ga., today released the following statement regarding Timothy Geithner’s confirmation to head the Treasury Department. Geithner was confirmed by a vote of 60 to 34. Isakson voted against confirming Geithner.
“Timothy Geithner is a talented and able man. However, that fact does not outweigh the fact that Mr. Geithner failed to pay payroll taxes on two years income at the IMF, even after the IRS audited his returns for the two succeeding years and discovered his failure to pay. It was only days before his nomination that he came forward to pay the other two years. That was more than a mistake for someone nominated to oversee the Treasury and the Internal Revenue Service. I cannot support his nomination.”