Sunday, 2 December 2012

Geithner predicts Republicans will accept higher tax rates

U.S. Treasury Secretary Geithner addresses students during his visit to the American Embassy School in New Delhi WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner pressed Republicans to offer a plan to increase revenues and cut government spending, and predicted they would agree to raise tax rates on the wealthiest to secure a deal by year-end to avoid the "fiscal cliff." In a blitz of appearances on five Sunday morning talk shows, Geithner insisted that tax rates on the richest needed to go up in order to reach a deal, a step Republicans have so far resisted, and he dismissed much of the contentious rhetoric from last week as "political theater. ...




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