Tom Daschle, former South Dakota senate majority leader and President Obama's nominee for the head of U.S. Department of Health and Human Services, explained Monday why he recently paid $140,000 in back taxes and interest.
"In a letter to the panel, Tom Daschle, the former Senate majority leader and Democratic senator from South Dakota, said he was "deeply embarrassed and disappointed" by the tax errors," reported National Public Radio.
The Senate committee considering his nomination plans holds closed meetings Monday afternoons. Daschle will be expected to answer questions regarding his tax errors. The committee will decide whether or not the tax problem will stand in the way of his confirmation.
In the last two years, Daschle has collected over $5.2 million in earnings while advising companies: insurers, hospitals, real estate, energy, and telecommunications were a few industries included in a report issued by the Office of Government Ethics.
"Among the health care interest groups paying Daschle for speeches were America's Health Insurance Plans, $40,000 for two speeches, CSL Behring, $30,000, the National Association of Boards of Pharmacy, $16,000, and the Principal Life Insurance Co., $15,000," reported the Associated Press.
Sources:
National Public Radio. http://www.npr.org/templates/story/story.php?storyId=100134492&ft=1&f=1001
Associated Press. http://www.google.com/hostednews/ap/article/ALeqM5hKcJEw8d1rCegiLNxA85ewoJyqBgD9633R3G0