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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.........
1 posted on 07/24/2010 5:14:28 PM PDT by Sub-Driver
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To: Sub-Driver

Incompetence - why fight it?


2 posted on 07/24/2010 5:17:21 PM PDT by JmyBryan
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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?


3 posted on 07/24/2010 5:17:55 PM PDT by DCmarcher-976453 (SARAH PALIN 2012)
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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))
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To: Sub-Driver

This is totally insane!


5 posted on 07/24/2010 5:19:45 PM PDT by 23 Everest (Zero, Glittering Jewel of Colossal Ignorance.)
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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.)
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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.)
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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.")
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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))
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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)
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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.)
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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”


12 posted on 07/24/2010 5:23:36 PM PDT by himno hero
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To: Sub-Driver

What growth?


13 posted on 07/24/2010 5:23:49 PM PDT by KSCITYBOY
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To: Sub-Driver

Geithner is obviously an idiot...Enuff said.


14 posted on 07/24/2010 5:24:34 PM PDT by RowdyFFC
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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
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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.)
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To: Sub-Driver

Timmy tweaks Atlas’ nose.


17 posted on 07/24/2010 5:29:45 PM PDT by Chaguito
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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.)
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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!)
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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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