Marco questions Sec. Geithner on job killing tax hikes

Margaret you're gonna go up and twenty thirteen the top and then about thirty five to thirty nine point six percent and then you're going to add on

every tiny fraction Americans but at the top marginal and then and then add to that in addition to get the health care law has allegedly that went on to say the top rate to be about forty five and

very I mean economists you don't agree on anything but US economists that what they think you'll pens where they stood in the political spectrum I

think if you look at CBO's look at them as independent arbiter of the economics for the Congress you'll find those attacks proposals would very

very small and packed and growth yet look at the real to the alternatives and if you leave the economy with %HESITATION understand

what this will do as far as the eye can see well if you're cutting spending further to support those low tax rates for for upper income America that

would think over time be more damaging to economic growth and less fair why think CBO is great and economists agree what about the people that create jobs for example and NFIB

national association of manufacturers of the job killer and Iran as well any visit %HESITATION that faces a proposal from Congress to raise tax will

oppose that proposal and say it will kill jobs right that's their job in this with job this is what what about this I this

is a quote from the president that the last thing you want to do is raise taxes in the middle of a recession because that would just suck up that would take more demand out of the economy and put busy a

further hole and that's right and what is joy that winter is why this jobs act in a before Congress is so important is because if you don't act on these proposal then

taxes will go up not in thirteen the go up and at the end of two thousand eleven so in three months there but the president stood behind the the

concept that raising taxes on the middle of a recession no but hurt the business and every president with the president I'm probably quote so what's changed since he said that good

question but it immediately and they give you a let me give give me a chance to respond the proposal before the Congress today would

lower on all Americans that have a job and virtually all businesses across the country if you don't enact this proposal taxes

will be higher in the beginning it as well then the others would be now the propose we make a raised would only take a the

end of two thousand twelve and they would only apply to a tiny fraction of America now we're open other ways to think about how we make sure we paper things governments have to do we're

that with this court this statement the president made and when he made it was made in the context of an interview where he was bragging

about the fact when raising taxes on anybody we lower tax we know it extra body and everybody long after they've been in the car we're

not raising is on anybody what has changed that's what he was bragging about when he said this nobody said that the unemployment was a nine point seven out of nine point one so are we now doing so much better economically

that we can afford taxing though it is a very tough economy and I would I would defer not a not a not at all

how you characterize how hard this economy is right now