It would be nice if these multi-billion dollar defense contractors had to follow the same laws the rest of us do!!
Obama cracking down on contractor tax cheats
January 20, 2010 at 9:09 AM
WASHINGTON (AP) — President Barack Obama is ordering a new crackdown on federal contractors who don’t pay their taxes.
He was signing an executive order Wednesday telling federal agency chiefs to take steps to bar those companies from receiving new government contracts. Obama was also directing the IRS to review contractor filings to ensure the companies are not lying about the taxes they’ve paid.
“It is simply wrong for companies to take taxpayer dollars and not be taxpayers themselves,” Obama said in his prepared remarks. “We need to insist on the same sense of responsibility in Washington that so many of you strive to uphold in your own lives, in your own families and in your own businesses.”
A White House fact sheet said the move is part of the president’s effort to restructure government contracting to root out waste and abuse.
That effort has included measures to end no-bid contracts and to crack down on what the administration deems improper payments. Administration officials estimate the measures saved as much as $100 billion last year. (Read the rest of the story here…)