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Another Obama nominee runs into tax problems
WASHINGTON (AP) - President Barack Obama's choice for a top job with the Treasury Department is having tax problems.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
