Roundup

TPMDC Sunday Roundup

Eric Kleefeld | July 25, 2010, 1:41PM

Geithner: Letting Bush Tax Cuts For Upper-Earners Expire Won't Hurt Job Growth
Appearing on This Week, Treasury Secretary Tim Geithner promoted the Obama administration's position on letting the 2001 Bush tax cuts expire for upper-income earners, while extending them for everyone else: "We think that's the responsible thing to do because we need to make sure we can show the world that they're willing as a country now to start to make some progress bringing down our long -- our long-term deficits," said Geithner, also adding: "Just letting those tax cuts that only go to 2 percent to 3 percent of Americans, the highest earning Americans in the country expire. I do not believe it will have a negative effect on growth."

Geithner: No Double-Dip Recession, But 'It's Going To Take Some Time To Heal This'
Appearing on Meet The Press, Treasury Secretary Tim Geithner said he did not think the economy would dip back into recession. "I think the most likely thing is, you see an economy that gradually strengthens -- over the next year or two. You see job growth start to come back again," said Geithner. "Again, investments expanding, manufacturing get a little stronger, exports better. Those are very encouraging signs." He also added, though, that more improvement remained to be done: "And I think most Americans understand it's going to take some time to heal this."

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