The Bush tax cut expiration

[workingclasshero]

Originally Posted by carterstamp

Not for everyone.

Tax rates to stay business-friendly: Geithner | Comcast.net (http://www.comcast.net/articles/finance/20100707/BUSINESS-US-GEITHNER/ - broken link)

"Geithner said some tax cuts for individuals that were put in place by the former George W. Bush administration will be allowed to expire but said that will affect only people in the top two to three percent of income earners."

what Geithner 'says' and what congress 'does' is not the same

geithner or even obama can 'say' anything they want..... it is congress that will extend or not extend and to whom,

[hawkeye2009]

Originally Posted by carterstamp

Not for everyone.

Tax rates to stay business-friendly: Geithner | Comcast.net (http://www.comcast.net/articles/finance/20100707/BUSINESS-US-GEITHNER/ - broken link)

"Geithner said some tax cuts for individuals that were put in place by the former George W. Bush administration will be allowed to expire but said that will affect only people in the top two to three percent of income earners."

As above, congress makes the laws, not Tim Geithner.

Sounds like more "hope" and "change".

[Driller1]

Originally Posted by carterstamp

Not for everyone.

Tax rates to stay business-friendly: Geithner | Comcast.net (http://www.comcast.net/articles/finance/20100707/BUSINESS-US-GEITHNER/ - broken link)

"Geithner said some tax cuts for individuals that were put in place by the former George W. Bush administration will be allowed to expire but said that will affect only people in the top two to three percent of income earners."

Prices will go up for everyone.

[Wonderful Jellal]

That will be not good.

[Lakewooder]

Geithner speaks with forked tongue - he says keep it at 20% when it's 15% now...

Dividend-paying stocks is about the only way a person who has saved a little money can get income. Then if they are sold they are going to be raped by the IRS in capital gains.

No, nothing has been done by Obama or Congress. Mr. G can talk all he wants.

This uncertainty has torpedoed the recovery, maybe they are starting to see that and that's why he's talking.

Raising taxes now is a doomsday scenario...