We have suggested that the burden for the revenues that would have to come on the individual side should fall on the most fortunate 2 percent of Americans through an increase in the effective tax rate on those individuals.
Geithner discusses tax reform targeting the wealthiest Americans.
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I do not believe there is a credible argument to make that uncertainty about our fiscal deficits or uncertainty about the design of regulation in Washington today is having a material adverse effect on the American economy today.
I believe, as does the President, that there is no plausible way for us to address the many economic challenges facing the country, including our unsustainable fiscal deficits, without asking those most fortunate few to pay a modestly…
You cannot govern a country if you commit never to raise taxes on anybody, because things change, wars happen, crises happen.
The TARP bank investments have already produced a profit for the taxpayer of over $19.5 billion.
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