Family of commerce nominee Penny Pritzker ‘bet against America’ with millions in offshore accounts

[Geee]

Washington Times:

During his 2012 campaign for re-election, President Obama and his team accused Mitt Romney of “betting against America” for investing in offshore accounts that shielded the Republican challenger from paying U.S. taxes.

If Mr. Romney “bet against America,” so did the family of Penny Pritzker, Mr. Obama’s nominee for commerce secretary, whose confirmation hearing will be held Thursday in the Senate Commerce, Science and Transportation Committee.

On financial disclosure forms, Ms. Pritzker revealed that she received $53.6 million in income in 2012 from a trust in the Bahamas. The income is described as being paid for “consulting services.”

A spokeswoman for the nominee said Ms. Pritzker paid taxes on the compensation before the April 15 deadline “at ordinary income rates,” although she wouldn’t specify the rate. The personal fortune of Ms. Pritzker, whose family owns the Hyatt hotel chain, among other commercial and financial interests, and who served as financechairwoman of Mr. Obama’s presidential campaign in 2008, is estimated at more than $1.85 billion.

[Geee]

Apple's CEO was called to the Hill this week for avoiding taxes, don't hold your breath for the same to happen here. Only us peons are supposed to pay taxes.

[Rheo]

Her confirmation hearing is on right now on CSpan3.

[Geee]

Her confirmation hearing is on right now on CSpan3.

I'll Skip it She is part of the Chicago political power structure. In other words a power hungry liberal thug.

[Rheo]

 

Her confirmation hearing is on right now on CSpan3.

I'll Skip it She is part of the Chicago political power structure. In other words a power hungry liberal thug.

 

I had to turn it off right away. Listening to Amy Short bus from MN made my head hurt.

[Geee]

FINALLY: TAX-DODGING, UNION-BUSTING, SUBPRIME MORTGAGE BANKER HAULED BEFORE CONGRESS

The Senate will finally confront one of the architects of the subprime mortgage crisis today, hauling a tax-dodging, union-busting, bank-breaking, billionaire member of the "one percent" before the Senate Commerce Committee... to consider her confirmation as Secretary of Commerce in President Barack Obama's Cabinet.
In the same week that the Senate grilled the CEO of Apple, Inc. about the low taxes it pays due to maintaining large cash deposits overseas, the Senate will roll out a warm welcome to Chicago heiress Penny Pritzker, who runs what Forbes called "one of the grandest and most successful family tax-avoidance schemes ever."
Instead of being lectured about her patriotism, Pritzker is being praised to the heavens, with fellow Sen. Dick Durbin (D-IL) claiming that the heiress to the Hyatt hotel fortune "has broken through the glass ceiling with her extraordinary intelligence and business acumen." The enthusiasm is bipartisan; fellow Illinoisan Mark Kirk is also on board.

 

http://www.breitbart.com/Big-Government/2013/05/23/Finally-Tax-Dodging-Subprime-Mortgage-Banker-Hauled-Before-Congress

 

@Rheo

[Rheo]

Trouble in paradise.

or payoff from Hyatt expected?

 

Labor Unions Fighting Pritzker Nomination During Confirmation Hearing

 

Labor unions have made it clear that they are not fans of Obama campaign bundler Penny Pritzker or her family's Hyatt Hotel chain. Thursday morning, they flexed some muscle in opposition to Pritzker’s nomination to become Commerce Secretary at her confirmation hearing.