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Reid's Read on Geithner

As the news that Timothy Geithner -- President-elect Barack Obama's pick to become treasury secretary -- did not pay his taxes broke this afternoon, Reid circulated the following statement in support of Obama's selection:

"While I do not know Mr. Geithner well, I do understand honest mistakes. Since the mistakes in his tax filings came to his attention, Mr. Geithner has paid all taxes due, including all interest. I continue to believe he has the skills the President will need to confront the challenges of our nation's economic crisis and I will support his nomination."

Boehner Bemoans the 'Death Tax'

This afternoon, House Minority Leader John Boehner (R-Ohio) urged GOP leaders to fight a movement among Democrats "to bring the Death Tax back to life." The Death Tax, more commonly known as the estate tax, is slated to expire next year. President-elect Obama and congressional Democrats are expected to block the tax from phasing out in 2010. Boehner claims Democrats are "working to raise taxes during a recession" and demands congressional Republicans voice their opposition.

Reid: Ready or Not, Here Stimulus Comes

Reid says Republicans can voice opposition to giving President-elect Obama the $350 billion he's requested from the bailout bill all they want. As Roll Call reports, he's "confident" he has the necessary Democratic votes to dish out the dollars. Congress is expected to vote on the Troubled Asset Relief Program (TARP) by Sunday.

Kyl Counters Reid's Comment on Coleman

Senate Minority Whip Jon Kyl criticized Senate Majority Leader Harry Reid on the Senate floor today for saying that Sen. Norm Coleman (R-Minn.) will never serve the Senate again. He made the case to keep Coleman in the Senate and warned Democrats against seating Al Franken until a winner in the Minnesota senate race is officially announced. Slamming Reid, Kyl said, "the majority leader and his staff have publicly stated they will try to seat Al Franken while the contest is under way." YouTube offers the clip here:

--Sarah Lovenheim

By Washington Post editors  |  January 13, 2009; 5:38 PM ET
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If the Death Tax is revived, that's just another nail in the economic coffin. It's insane! This website has a "death tax calculator" that lets you determine just how screwed you and your family will get by the government if the death tax is brought back and you or your family member passes away. Check it out.

Posted by: actionashley | January 18, 2009 11:07 AM | Report abuse

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