Monday, July 26, 2010

Geithner: Let Bush tax cuts for wealthy expire from Daily Kos

source http://www.dailykos.com/storyonly/2010/7/26/887742/-Geithner:-Let-Bush-tax-cuts-for-wealthy-expire?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+dailykos%2Findex+%28Daily+Kos%29

Good:

In an interview on ABC News' "This Week" to air Sunday, Secretary of the Treasury Timothy Geithner said the White House would push to let the Bush tax cuts expire for individuals making more than $200,000 a year and families making more than $250,000, but keep them for middle and lower income Americans.

"We think that's the responsible thing to do," Geithner said, "because we need to make sure we can show the world that they're willing as a country now to start to make some progress bringing down our long-term deficits."

Given that letting the tax cuts expire won't slow economic growth but will strengthen the fiscal outlook, Republicans are sure to support this simple yet significant act of responsibility, right? Wrong.

No comments:

Post a Comment