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.
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Absolutely. Yes, again, we see there's no prospect to an agreement that doesn't involve those rates going up on the top 2 percent of the wealthiest Americans.
The TARP bank investments have already produced a profit for the taxpayer of over $19.5 billion.
If those were embraced by the Congress tomorrow, there would be substantially more confidence around the world in the capacity of this political system in Washington.
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.
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