Thursday, March 16, 2006

Ripped-off Again

Facing South: Contracts going to tax cheats:
"Government contractors who owe millions of dollars in back taxes bought luxury cars, boats and multimillion-dollar properties. Some failed to pay taxes but gambled company money.

One in 10 companies contracting with the General Services Administration from October 2003 through June 2005 owed back taxes, [Sen. Norm] Coleman's [R-MN] panel, the Senate Homeland Security and Governmental Affairs Permanent Subcommittee on Investigations, learned Tuesday. Their debts total $1.4 billion.

'In an age of increasingly tight fiscal discipline, that $1.4 billion could be put towards our homeland security, our children's education or job-training programs,' Coleman said. 'It adds insult to injury that these tax deadbeats are actually paid enormous amounts of money every year from American tax coffers.'"

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