The Corner

Bailout Recipients Owe Millions in Unpaid Taxes

According to Congressional Quarterly this afternoon:

House Ways and Means Oversight Subcommittee Chairman John Lewis , D-GA., revealed the tax issues in remarks prepared for an oversight hearing on the Troubled Asset Relief Program enacted last fall.

Lewis said his subcommittee looked at the tax records of the top 23 recipients of bailout money and found that 13 owed more than $220 million in unpaid taxes, with two companies owing more than $100 million each.

Where is my bailout?

— Veronique de Rugy is an economist at the Mercatus Center at George Mason University.

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