Geithner: Letting Bush Tax Cuts For Upper-Earners Expire Won’t Hurt Job Growth Appearing on This Week, Treasury Secretary Tim Geithner promoted the Obama administration’s position on letting the 2001 Bush tax cuts expire for upper-income earners, while extending them for everyone else: “We think that’s the responsible thing to do because we need to make sure we can show the world that they’re willing as a country now to start to make some progress bringing down our long — our long-term deficits,” said Geithner, also adding: “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.”
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=123525