Treasury Secretary Geithner opines that the proposed tax hikes
are no big deal.
Reports the Washington Examiner:
Treasury Secretary Timothy Geithner argued that the Obama
proposal would reduce taxes for most Americans. Any increases,
he said, wouldn't occur until 2011, when the economy is "safely
into recovery."
Ah yes, when the economy is supposed to booming despite trillions
of extra dollars in wasted spending and accumulated debt.
But the big question is: does Secretary Geithner intend to
pay his taxes in 2011 when they go up?
(Indeed, the Obama administration continues in good form.
Former Dallas Mayor Ron Kirk, nominated to be trade
representative, also had to pay up his taxes. Democrats
apparently really do believe that taxes are for other people to
pay.)
About the Author
Doug Bandow is a Senior Fellow at the Cato Institute and the Senior Fellow in International Religious Persecution at the Institute on Religion and Public Policy. A former Special Assistant to President Ronald Reagan, he is author of Beyond Good Intentions: A Biblical View of Politics (Crossway).
