Treasury secretary says tax increases necessary

msnbc ^ | 3/4/09 | ap

[Nachum]

WASHINGTON - President Barack Obama's Treasury secretary is defending proposed tax increases on the wealthy, saying they are necessary to limit future budget deficits.

Timothy Geithner responded on Wednesday to Republican criticism that the administration wants to increase taxes during a recession. Geithner noted that tax increases on couples making more than $250,000 per year would not take effect until 2011.

[allmost]

!@#@!#^#%^(*&$^%#@Q&

[GeronL]

lol.

the tax cheat thinks that tax increases are to increase revenue?? we know better. They are being used as a form of social control.

[pissant]

Idiots.

[Nachum]

The List, ping

President Barack Obama's Treasury secretary is defending proposed tax increases on the wealthy, saying they are necessary to limit future budget deficits
http://www.msnbc.msn.com/id/29508334

Full list at www.nachumlist.com

[xcamel]

Tiny Timmy Turbo Tax Cheat?

[Signalman]

Hmm, I wonder how Reagan LOWERED taxes on everyone (including the wealthy) and got us out of the 1981-1982 recession AND increased revenues to the federal government.

[MarkeyD]

...saying they are necessary to limit future budget deficits.

It's gonna be GREAT!

[avacado]

"Geithner noted that tax increases on couples making more than $250,000 per year would not take effect until 2011."

That's when Bush's tax cuts expire and the federal income tax rates go up on low income, middle income, and high income. So that means the high income will get two tax increases.

[Eric in the Ozarks]

Pay yours first Tim.

[KarlInOhio]

Hmm, I wonder how Reagan LOWERED taxes on everyone (including the wealthy) and got us out of the 1981-1982 recession AND increased revenues to the federal government.

Obummer's tax increases are to decrease your freedom and control over your own life, not to increase the revenue.

[GeorgiaDawg32]

Comment removed before Admin Moderator does it for me

[dforest]

Stinkin’ pointy earred little lyin’ tax evader punk traitor.

Whew!

[OB1kNOb]

Tax cheat Timmy wants to raise taxes. Not that it will affect him or anyone else in Pres—ent Barry’s Cabinet.

[wxgesr]

At the point of a gun!!!

[Obadiah]

Geithner noted that tax increases on couples making more than $250,000 per year would not take effect until 2011.

If the times are so desperate, why wait to increase taxes after the 2010 Congressional elections? Why not do it before?

[La Lydia]

Maybe if everyone on Obama’s team would pay theirs.....

[Oldeconomybuyer]

Only a m0ron would reduce take home pay during a recession.

[Obadiah]

LOL

[Army Air Corps]

Pretty rich coming from a tax cheat.