President Obama Tax Returns (FULL COPIES)

THE WHITE HOUSE Office of the Press Secretary. FOR IMMEDIATE RELEASE April 15, 2009

President and First Lady Release 2008 Income Tax Returns

Today, the President released his 2008 federal income tax returns. He and the First Lady filed their income tax returns jointly and reported an adjusted gross income of $2,656,902. The vast majority of the family’s 2008 income is the proceeds from the sale of the President’s books. The Obamas paid $855,323 in federal income tax.

The President and First Lady also reported donating $172,050 – or about 6.5% of their adjusted gross income – to 37 different charities. The largest reported gifts to charity were $25,000 contributions to CARE and the United Negro College Fund.

The President and First Lady also released their Illinois income tax return and reported paying $77,883 in state income taxes.

Copies of the returns are available below:

• Download the President’s Federal 1040 form (pdf)
• Download the President’s Federal 709 form (pdf).
• Download the President’s Illinois State income tax return (pdf)

Citizens Against Government Waste (CAGW) 2009 Pig Book VIDEO

Earmarks Rise to $19.6 Billion in CAGW’s 2009 Pig Book

(Washington, D.C.) - Citizens Against Government Waste (CAGW) today released the 2009 Congressional Pig Book, the latest installment in the group’s 19-year exposé of pork-barrel spending. The Pig Book revealed 10,160 earmarks worth $19.6 billion.

“Everyone in Washington has promised a new era of transparency and restraint in earmarks, from President Obama to the leaders of both parties in Congress,” said CAGW President Tom Schatz. “Sadly, the hard numbers from the 2009 appropriations bills tell a different story. The current Democratic congressional majority is following the same trajectory as their Republican predecessors. They came into power promising to cut earmarks, and made a big show of it during their first two years. However, as the 2009 Pig Book amply illustrates, pork-barrel spending is growing fast.”

While the number of specific projects declined by 12.5 percent, from 11,610 in fiscal year 2008 to 10,160 in fiscal year 2009, the total tax dollars spent to fund them increased by 14 percent, from $17.2 billion to $19.6 billion.

Much has been made of reforms that require members of Congress to identify earmarks they request and the intended recipients of earmarked funds, but CAGW uncovered 221 earmarks worth $7.8 billion that were funded in circumvention of Congress’s own transparency rules. These stealth earmarks were particularly prevalent in the 2009 Defense Appropriations Act, which included 142 anonymous earmarks worth $6.4 billion, a staggering 57 percent of the earmarked tax dollars.

The Pig Book Summary profiles the most egregious examples, breaks down pork per capita by state, and presents the annual "Oinker" Awards. All 10,160 projects are listed in a searchable database on CAGW’s website www.cagw.org. Examples of pork in the 2009 Pig Book include

• $3.8 million for the Old Tiger Stadium Conservancy in Detroit;
• $1.9 million for the Pleasure Beach water taxi service in Connecticut;
• $1.8 million for swine odor and manure management research in Ames, Iowa;
• $380,000 for a recreation and fairgrounds area in Kotzebue, Alaska;
• $143,000 for the Greater New Haven Labor History Association in Connecticut;
• $95,000 for the Canton Symphony Orchestra Association in Ohio; and
• $71,000 for Dance Theater Etcetera in Brooklyn for its Tolerance through Arts initiative.

Citizens Against Government Waste is a nonpartisan, nonprofit organization dedicated to eliminating waste, fraud, abuse, and mismanagement in government. -###-