Tim Geithner Just Quashed Hopes Of A Bush Tax Cut Extension

Business Insider ^ | 07/22/2010 | Gus Lubin

[ZirconEncrustedTweezers]

That’s funny - my tax liability went down when the Bush tax cuts were enacted, and yet I don’t feel wealthy.

[swain_forkbeard]

“...plans to let the tax cuts expire for wealthy Americans...” = raising MY taxes. And I’m far from wealthy.

[reagan_fanatic]

"Business always wants their taxes lower and always wants to live with less regulation,"

Yea, it has something to do with being able to re-invest, expand operations and hire new people. Higher taxes and stifling regulations are natural enemies of growth, you buttmunch.

What a clueless bunch of asshats.

[madison10]

Hey, Geitner, without those tax cuts there will BE NO RECOVERY.

[Waco]

The last thing America needs in 2011 is a 50% tax increase, yet that’s exactly what many are going to see. And then, this guy and many RATS will say ‘’Gee we didn’t know this could happen, must be Bushs’ fault.’’

[pabianice]

Geithner is worth between $300 million and $ 600 million, of course. Is there anything as vomitous as a man with that money demanding you and I pay more taxes?

[TexasCajun]

Dear Huessien Obamah,

My business is slowly recovering from your 1st year in office.

I was considering hiring 2 people in a few months, but I will have to hold off on that and use that money to pay my family's higher taxes.

Please Stop your jihad on America Business!!!

-Texas Small Businessman-

[musicman]

"I seriously doubt Tim Gietner could quash a pecan without a pair of pliers. He really doesn’t hold that much sway on the Hill, even with the true believers."

[presently no screen name]

Well, that good you don’t feel wealthy. In 2011 you won’t have too far to fall. By 2012, you might ‘get it’ - it takes a while for some.

[Freddd]

Because they will ‘change’ the name from what they called it, ‘a tax cut for the rich’, now they will call it a tax cut for the ‘middle class’. Why?

Elections are coming .

WE ARE COMING FOR YOU CONGRESS.

[Secret Agent Man]

Because after all, only rich folks got the Bush tax cuts.

I am of course using THIS administrations’ definition of “rich”, which keeps getting revised down every day.

Eventually if you are not on some form of government welfare you will be classified as “rich”.

[xzins]

I do not consider 170 to 370 a year to be wealthy. It’s definitely upper-middle class, but that person’s not going out to buy extravagant properties, build impressive buildings, or get rich in land speculation.

[Jim Robinson]

Tim Geithner is an idiot!!

[Scott from the Left Coast]

Geitner has as much credibility as Obama does.

Which is to say, none.

[erman]

I'm going Galt in January. Budgeting what I need to make my "nut" and then just walking away. I've got 6 months living expenses saved, no debt and 1 kid in college on partial scholarship to a state school in town.

I will make sure that I flood the IRS with paperwork on every purchase that I can. I want them to feel like they're drinking out of a fire hydrant.

Don't feed the beast, CHOKE the beast with paper.

for the libs that lurk and read this, people like me studied during college and banged your girlfriend while you smoked pot, played with yourselves and talked about how great you were without doing anything.

[Scott from the Left Coast]

I am of course using THIS administrations’ definition of “rich”, which keeps getting revised down every day.

Sad thing about the Obama economy is that if you happen to be fortunate enough to have a job, you're rich.

[OldNavyVet]

Stock market was up today on good tax rate news.

Stock market will crash tomorrow based on Obamanomics.

[Wyatt's Torch]

Not sure 1% GDP growth in 2011 can be considered “strong” at all...

[Hoosier-Daddy]

I can see a Tax Revolt from my house!

[Gondring]

I saw an article somewhere today that came right out and said that 0 wont even run in 2012

Is the MSM finally catching on to that notion, or was this someone else realizing it?