Helpful as ever, Secretary Tim Geithner has come out in favor of allowing the Bush tax cuts on the “rich” to expire.
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?