Helpful as ever, Secretary Tim Geithner has come out in favor of
allowing the Bush tax cuts on the “rich” to expire.
Reports the New York Times:
Treasury
Secretary Timothy F.
Geithner pressed the case on Sunday for letting Bush-era
tax cuts for the wealthiest Americans expire later this year.
In appearances on two television programs, Mr. Geithner said
that letting tax cuts expire for those who make $250,000 a year
or more would affect 2 percent to 3 percent of all Americans.
He dismissed concerns that the move could push a teetering
economy back into recession and
argued that it would demonstrate America’s commitment to
addressing its trillion-dollar budget deficit.
I have to ask. If taxes go up, does the secretary plan on
paying them? Or will he, er, “forget” to do so, like
he did before he was appointed to his current position?
J. Kelley| 7.26.10 @ 10:50AM
As we have seen, wealthy Democrats want to raise taxes. No big deal for them as they don't pay taxes. Rangle and a number of other Dems did not pay all their taxes. Some forgot and others had poor staff who did not do their job right.