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Geithner favors allowing some tax cuts to expire Posted on 7/25/2010
Treasury Secretary Tim Geithner said that allowing tax cuts for the wealthy to expire would be "the responsible thing to do."
Geithner said, "It's responsible to let the tax cuts expire that just go to 2 percent to 3 percent of Americans, the highest earning Americans."
He said, "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-term deficits."
Secretary Geithner said he does not believe that higher taxes for those high earners will hurt economic growth.
Geithner appeared on NBC's "Meet the Press" and ABC's "This Week."
