Saturday, February 25, 2012

Tim Geithner - Rich Need Higher Taxes

Geithner: 'Privilege of Being an American'
Is Why Rich Need Higher Taxes

Weekly Standard -- Treasury Secretary Tim Geithner, speaking on CNBC:



"That’s the kind of balance you need," said Geithner. "Why is that the case? Because if you don't try to generate more revenues through tax reform, if you don't ask, you know, the most fortunate Americans to bear a slightly larger burden of the privilege of being an American, then you have to -- the only way to achieve fiscal sustainability is through unacceptably deep cuts in benefits for middle class seniors, or unacceptably deep cuts in national security."
Blog author's comments - According to the Obama regime - for wealthy conservatives it is a privilege to be American - for illegals it is a right.

Does this mean that the 47% who pay no federal income tax are no longer considered Americans?

Geithner should consider himself privileged for being appointed to the job of Treasury Secretary - it was discovered that he had not paid all of his taxes for a few years.

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