Geithner: So-called Buffett rule will not hurt US economy

By REUTERS
April 15, 2012 18:29

WASHINGTON - A proposal to impose at least 30 percent income tax on Americans making more than a million dollars a year will not hurt the economy by stifling investment and growth, US Treasury Secretary Timothy Geithner said on Sunday.

"No credible basis for that argument, in my judgment," Geithner said on CBC's "Face the Nation."

"I don't think there is a plausible path to tax reform ... that doesn't recognize the reality that we cannot afford to extend these tax cuts for the most fortunate Americans," he said.


Related Content

Breaking news
April 20, 2018
Report: China envoy says China will retaliate if U.S. insists on trade war

By REUTERS

Israel Weather
  • 16 - 27
    Beer Sheva
    18 - 23
    Tel Aviv - Yafo
  • 16 - 23
    Jerusalem
    16 - 22
    Haifa
  • 23 - 36
    Elat
    17 - 28
    Tiberias