Archives for: August 2010, 09
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Class Warfare: Do Super Rich Pay Their Fair Share of Taxes?
WASHINGTON (CNNMoney.com) -- Treasury Secretary Tim Geithner made a case Wednesday for letting tax cuts for the wealthiest Americans lapse as a step toward getting the nation's fiscal house in order.
"Borrowing to finance tax cuts for the top 2% would be a $700 billion fiscal mistake," Geithner said before the Center for American Progress in Washington, alongside deficit hawk Douglas Holtz-Eakin, president of the American Action Forum. "It's not the prescription the economy needs right now, and the country can't afford it."
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