Geithner is making sense for the first time
Hearing a politician make a reasonable suggestion is about as rare nowdays as spotting a Tasmanian devil in the wild. But here it is: the Treasury chief favors a 20% cap gains tax, and as a shareholder, I agree this is the right way to go.
"WASHINGTON – Treasury Secretary Tim Geithner said that allowingtax cuts for the wealthy to expire would be "the responsible thing to do."..."It's responsible to let the tax cuts expire that just go to 2 percent to 3 percent of Americans, the highest earning Americans," Geithner told ABC's
Speaking on NBC News' "Meet the Press," Geithner says he supports allowing the top capital gains tax rate
to revert to 20 percent. It's 15 percent now. "