Geithner pushes plan to let tax cuts for wealthy expire

[babsbunny]

http://www.cnn.com/2010/POLITICS/07/25/geithner.taxes/index.html?eref=mrss_igoogle_cnn

By the CNN Wire Staff
July 25, 2010 9:35 a.m. EDT

Washington (CNN) -- Treasury Secretary Tim Geithner says the Obama administration will push for letting tax cuts for wealthy Americans expire while extending them for the rest of the nation.

In interviews broadcast Sunday on ABC and NBC, Geithner said the administration also favors protecting businesses from having some taxes restored to higher levels.

The administration wants to "leave in place tax cuts that are very important to incent businesses to hire new employees and to invest and expand in output," Geithner said on the ABC program "This Week."

[jwirr]

1. How did he find himself on our side for a change?

[txlibdem]

5. Don't ask how

Just be glad that the white house is finally on our side on these issues. If the administration stands firm and pushes congress to let these tax cuts for the wealthy expire it will signal to his base that Obama is actually a Democrat, something that some of us have begun to doubt.

We all must keep the heat on this white house to force them to act on OUR behalf. Let them know that we did not give them the largest majority in decades just so they could enact Republican policies.

This tax cut for the wealthy issue is only one piece of the puzzle but it is an important step to begin to repair the economy. The white house needs to continually and loudly remind us all that the tax cuts for the wealthy were supposed to create jobs and they DIDN'T. Tax cuts for the wealthy instead put the economy on a downward slide.

[FreakinDJ]

2. Too Bad the Dems won't listen to him

[tabatha]

3. evidence?

or are you just making that up.

[Cresent City Kid]

4. Let's hold them to this

Everytime the notion of taxing the rich is raised, the republicans claim it will only hurt small business owners. It sounds like their going to take out this one weak defense, and I hope they do. With high deficits and unemployment, selling the taxation of the rich should be easier than selling ice cream on a hot day.

[OneGrassRoot]

6. Geesh, I had to go to CNN to see this bit of news....

I'm no fan of Geithner, but when he does something I agree with, I'd like to know about it. And, this is news I would have thought DU would have been all over, including the fact that Geithner is supporting it since he doesn't always seem to push what many progressive want pushed.

I saw it in "Latest" but I thought there would be something in GD, too, which is where I mainly look. I searched the Greatest pages and then had to do a search in GD, and it wasn't until the fourth page that I found this.

I'm just sayin'...it's getting harder and harder for facts to be discussed at DU. It's like 24/7 cable news: filtered by opinion, facts be damned.

That's a shame.

:(