Treasury Secretary Says Letting Bush Tax Cuts for Rich Expire Will Not Slow Economic Growth

[dtotire]

Treasury Secretary Says Letting Bush Tax Cuts for Rich Expire Will Not Slow Economic Growth

In an 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.

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.”

more:

http://blogs.abcnews.com/politicalpunch/2010/07/treasury-secretary-says-letting-bush-tax-cuts-for-rich-expire-will-not-slow-economic-growth.html

[NHLrocks]

1. what economic growth?

[Skink]

2. And he promises to do better with his own taxes.