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Treasury Secretary Says Letting Bush Tax Cuts for Rich Expire Will Not Slow Economic Growth
ABC News ^
Posted on 07/24/2010 5:14:25 PM PDT by Sub-Driver
Treasury Secretary Says Letting Bush Tax Cuts for Rich Expire Will Not Slow Economic Growth
July 24, 2010 6:00 PM
In an exclusive 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."
ABC News pointed out that Alan Greenspan, former chairman of the Federal Reserve, told Bloomberg News that letting the tax cuts expire -- which the former Fed Chair supports -- would “probably” slow growth, “but I think we have no choice in doing that, because we have to recognize there are no solutions which are optimum. These are choices between bad and worse.”
(Excerpt) Read more at blogs.abcnews.com ...
TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: 2tiertaxes; alangreenspan; chieftaxcheat; corruptamerica; geithner; geithnertaxcheat; greenspan; ironyofironies; notaxes4congress; notaxes4dnc; notaxes4geithner; notaxes4kerry; notaxes4obama; notaxes4rangel; obeytaxcheat; taxcheat; taxcheatspeaks; timothygeithner
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FAIL.........
To: Sub-Driver
Incompetence - why fight it?
2
posted on
07/24/2010 5:17:21 PM PDT
by
JmyBryan
To: Sub-Driver
Geithner is soooo dumb. To him a recovery is a depression and tax hikes won’t hurt that.Did you know that geithners dad worked at the ford foundation with barrys mom?
To: Sub-Driver
Not if they do their taxes like Timmie.
4
posted on
07/24/2010 5:19:14 PM PDT
by
cripplecreek
(Remember the River Raisin! (look it up))
To: Sub-Driver
5
posted on
07/24/2010 5:19:45 PM PDT
by
23 Everest
(Zero, Glittering Jewel of Colossal Ignorance.)
To: Sub-Driver
“We think that's the responsible thing to do.”This is from the guy who dodged paying taxes?
6
posted on
07/24/2010 5:19:52 PM PDT
by
blackbart.223
(I live in Northern Nevada. Reid doesn't represent me.)
To: Sub-Driver
I swear, this bunch is either deliberately trying to destroy our economic system, or they’re the biggest bunch of idiots and fools ever to occupy the office.
7
posted on
07/24/2010 5:20:07 PM PDT
by
Marathoner
(Depression=I lost my job, Recession=My neighbor lost his job. Recovery=Obama loses his.)
To: Sub-Driver
Geithner won’t have to worry about this since he doesn’t like to pay taxes.
8
posted on
07/24/2010 5:21:22 PM PDT
by
radioone
("The bigger the government, the smaller the citizen.")
To: Marathoner
I swear, this bunch is either deliberately trying to destroy our economic system, or they’re the biggest bunch of idiots and fools ever to occupy the office. How about both?
9
posted on
07/24/2010 5:21:54 PM PDT
by
fortheDeclaration
(When the wicked beareth rule, the people mourn (Pr.29:2))
To: Sub-Driver
which implies that he thinks that the central government can spur economic activity more than individuals.
10
posted on
07/24/2010 5:22:09 PM PDT
by
JohnBrowdie
(http://forum.stink-eye.net)
To: Marathoner
"I swear, this bunch is either deliberately trying to destroy our economic system, or they’re the biggest bunch of idiots and fools ever to occupy the office."It is a combination of both.
11
posted on
07/24/2010 5:23:25 PM PDT
by
blackbart.223
(I live in Northern Nevada. Reid doesn't represent me.)
To: Marathoner
you are right.
it is deliberate and intentional.
not only are they slowing the economic motor, but they are pumping the debt.
simple strangulation of the economy.
“you wanted a revolution! thats why you voted for me”
To: Sub-Driver
To: Sub-Driver
Geithner is obviously an idiot...Enuff said.
14
posted on
07/24/2010 5:24:34 PM PDT
by
RowdyFFC
To: Sub-Driver
Ive got a new and novel concept......
CUT SPENDING!!!!!!!!!!!!!
15
posted on
07/24/2010 5:25:45 PM PDT
by
M-cubed
To: Sub-Driver
Treasury Secretary Says Letting Bush Tax Cuts for Rich Expire Will Not Slow Economic Growth
Wonder if that dumbass ever got a paycheck from a poor person.
16
posted on
07/24/2010 5:26:24 PM PDT
by
Grunthor
(I like you but when the zombies chase us, I'm tripping you.)
To: Sub-Driver
Timmy tweaks Atlas’ nose.
17
posted on
07/24/2010 5:29:45 PM PDT
by
Chaguito
To: Grunthor
"Wonder if that dumbass ever got a paycheck from a poor person."The turd gets one from us.
18
posted on
07/24/2010 5:29:46 PM PDT
by
blackbart.223
(I live in Northern Nevada. Reid doesn't represent me.)
To: Sub-Driver
Yeah; sure is consistent with the 14th Amendment "equal protection under the law" language....
Oh, my bad!
The Constitution is not in use anymore.
19
posted on
07/24/2010 5:33:54 PM PDT
by
traditional1
("Don't gotsta worry 'bout no mo'gage, don't gotsta worry 'bout no gas; Obama gonna take care o' me!)
To: Sub-Driver
How do you describe somebody for whom the word "stupid" would be a gross overestimation of his intellectual abilities?
20
posted on
07/24/2010 5:35:39 PM PDT
by
Oceander
(The Price of Freedom is Eternal Vigilance -- Thos. Jefferson)
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