Did Another President Obama nominee runs into tax problems (AP)?
WASHINGTON (AP) — President Barack Obama’s choice for a top job in the Treasury Department did not disclose all of her late tax payments until she was repeatedly prodded by Senate investigators, a congressional report issued Wednesday said. Obama’s nominee for undersecretary of the Treasury for international affairs, Lael Brainard, is the fifth presidential nominee to reveal tax issues during the congressional vetting process. Brainard was late in paying real estate taxes in 2005, 2006 and 2007 on property in Northern Virginia, according to the report by the Senate Finance Committee staff. The report 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, though she declined to adjust returns for 2005, 2006 and 2007, telling committee staff she used a reasonable method to calculate the deductions. Brainard is current in all her taxes, said Treasury spokesman Andrew Williams
