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12%  
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  • Geithner Versus the Bush Tax Cuts

    08/02/2010 3:23:26 AM PDT · by markomalley · 15 replies · 2+ views
    Catholic Exchange ^ | 8/2/2010 | Dr. Mark W. Hendrickson
    I’m now convinced that the Obama administration is placing its political agenda above policies that would contribute to the economic recovery that millions of Americans so desperately need. That agenda includes bringing more economic activity under government control, making more people dependent on government, and, generally, redistributing wealth.I have come to this conclusion after listening to Team Obama’s spokesman, Treasury Secretary Tim Geithner, assert that allowing the Bush tax cuts to expire on December 31, as currently scheduled, is good policy. In truth, raising tax rates when the economy is faltering is counterproductive. It will weaken the economy further. Given...