gsvol
Well-Known Member
- Joined
- Aug 22, 2008
- Messages
- 14,179
- Likes
- 10
Tom Daschle collected nearly a quarter of a million dollars in fees in the last two years speaking to leaders of the industry President Barack Obama wants him to reform as the administration's health secretary.
escerpts;
Daschle's finances are drawing additional scrutiny because he failed to pay his taxes properly. Although he has made amends with the government, senators said Sunday they are awaiting guidance from the committee reviewing Daschle's nomination before deciding whether the tax problem could stall or even derail his confirmation.
Daschle said in a letter to the Department of Health and Human Services ethics office that if he's confirmed by the Senate, he will resign as a senior policy adviser at the Washington law firm of Alston and Bird LLP. He reported earnings of more than $2 million from that firm during the past two years.
Daschle also earned more than $2 million in consulting fees from InterMedia Advisors LLC of New York, an investment firm specializing in buyouts and industry consolidation. He said he also intends to resign from that firm upon his confirmation.
Among other earnings, Daschle reported $250,000 in director's fees from the energy company BP PLC. He was a paid director for four other companies and organizations, among them the Freedom Forum, a nonprofit group that advocates First Amendment rights and funds the Newseum, a Washington museum focused on the news media.
Daschle's financial disclosure report was released after he acknowledged that he had recently filed amended tax returns to report $128,203 in back taxes and $11,964 in interest. The amended returns reflect additional income for consulting work, the use of a car service and reduced deductions for charitable contributions.
Before Daschle's difficulties over back taxes, Geithner's confirmation as treasury secretary was delayed after it was revealed that he had failed to pay more than $34,000 in taxes.
Obama's first choice for commerce secretary, New Mexico Gov. Bill Richardson, took his name out of consideration when his confirmation appeared headed toward complications because of a grand jury investigation over how state contracts were issued to political donors.
escerpts;
Daschle's finances are drawing additional scrutiny because he failed to pay his taxes properly. Although he has made amends with the government, senators said Sunday they are awaiting guidance from the committee reviewing Daschle's nomination before deciding whether the tax problem could stall or even derail his confirmation.
Daschle said in a letter to the Department of Health and Human Services ethics office that if he's confirmed by the Senate, he will resign as a senior policy adviser at the Washington law firm of Alston and Bird LLP. He reported earnings of more than $2 million from that firm during the past two years.
Daschle also earned more than $2 million in consulting fees from InterMedia Advisors LLC of New York, an investment firm specializing in buyouts and industry consolidation. He said he also intends to resign from that firm upon his confirmation.
Among other earnings, Daschle reported $250,000 in director's fees from the energy company BP PLC. He was a paid director for four other companies and organizations, among them the Freedom Forum, a nonprofit group that advocates First Amendment rights and funds the Newseum, a Washington museum focused on the news media.
Daschle's financial disclosure report was released after he acknowledged that he had recently filed amended tax returns to report $128,203 in back taxes and $11,964 in interest. The amended returns reflect additional income for consulting work, the use of a car service and reduced deductions for charitable contributions.
Before Daschle's difficulties over back taxes, Geithner's confirmation as treasury secretary was delayed after it was revealed that he had failed to pay more than $34,000 in taxes.
Obama's first choice for commerce secretary, New Mexico Gov. Bill Richardson, took his name out of consideration when his confirmation appeared headed toward complications because of a grand jury investigation over how state contracts were issued to political donors.
