Reed Answers To Campaign-Fund Tax Payments
U.S. Rep. Tom Reed’s tax problems are once again being brought to the forefront.
Just one week after admitting to paying his taxes late 38 times since 2005, new reports surfaced showing the Republican from Corning used campaign funds to pay a bill in 2012.
According to a report from Rochester’s WHAM-TV, Reed used his campaign account to pay $4,247.83 in late personal property taxes.
“This was an unfortunate clerical error and I take full responsibility for it,” Reed said. “I immediately corrected the error by personally reimbursing my campaign account and at no time were there insufficient funds in my personal account to cover this erroneously written check from my campaign. Out of an abundance of caution, we promptly self-reported the error by issuing a statement for the public record to the FEC. We put new precautions and procedures in place in order to ensure this does not happen again.”
Last week, it was reported that tax records from Steuben and Chemung counties, where Reed owns or has owned several properties in addition to his family home, showed he had paid $3,486.51 in interest and penalties, because he had repeatedly been late on his property taxes by a month or two.
Additionally, records showed taxes were paid late on three other properties owned in partnerships in which Reed is no longer involved.
Reed said in addition to the taxes being paid in full, out of more than 500 payments since 2005, some of the payments were indeed late.
“Since entering Congress in November 2010, I have been prohibited from being involved in the day-to-day operations of businesses,” Reed said. “A number of these payments were made by employees or business partners of the business entities rather than directly by me. All payments, whether made directly by me or not, were paid in full. We take full responsibility and we’re always working to improve.”