the only way to restore fiscal responsibility and still preserve the commitments we need to make to our retirees and national security, is by a modest increase in the effective tax rate for the Americans who are in the best position to absorb that burden.
Geithner discusses the need for tax increases for the wealthiest to ensure fiscal responsibility.
Share
More from Tim Geithner
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.
You cannot effectively oversee a financial system without much better information than we had access to before the crisis.
It's not a partisan issue. It's traditionally had a lot of bipartisan support.
Other voices in this conversation
