« Justice Elena Kagan: a reasonable person pursuing reasonable purposes reasonably ? | Main | Supporters of Arizona's immigration law say the Obama administration should be going after local jurisdictions that have proclaimed themselves relatively safe places for illegal immigrants. »

Geithner, Obama: top begins at $250k (Coruscation Middle Class series continues)


In appearances on several Sunday talk shows, Geithner said only 2 to 3 percent of Americans -- those making $250,000 or more a year -- will be affected when tax cuts enacted under former President George W. Bush end on schedule this year.


The Obama administration has said it wants to keep tax cuts in place for Americans earning less than $250,000 a year. Some Republicans say letting any of the tax cuts expire is effectively a tax hike that may hurt recovery.

"Just letting those tax cuts that only go to 2 percent to 3 percent of Americans, the highest-earning Americans in the country, expire I do not believe it will have a negative effect on growth," he said on ABC.

No New Recession, Let Tax Cuts Die: Geithner
By REUTERS
Published: July 25, 2010

Posted by on July 26, 2010 5:03 PM |

TrackBack

TrackBack URL for this entry:
http://www.stylizedfacts.com/cgi-sys/cgiwrap/fotohof/managed-mt/mt-tb.cgi/5704

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)