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Monday, July 26, 2010

Tax Hikes Defended by Treasury Secretary


“Treasury Secretary Timothy F. Geithner pressed the case on Sunday for letting Bush-era tax cuts for the wealthiest Americans expire later this year…. He dismissed concerns that the move could push a teetering economy back into recession and argued that it would demonstrate America’s commitment to addressing its trillion-dollar budget deficit.” (New York Times, Monday)

As if the government will put the money to good use.

FEE Timely Classic
“The Power to Tax Is the Power to Destroy” by Clarence B. Carson