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A free floating commentary on culture, politics, economics, and religion based on a passionate commitment to the truth and a desire graciously to refute that which is contrary to it….
"He must hold firm to the sure word as taught, so that he may be able to give instruction in sound doctrine and also to confute those who contradict it."
--Titus 1:9, Revised Standard Version
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Timothy Geithner Says Transaction Tax Would Hurt Retail Investors
Treasury Secretary Timothy Geithner said any tax on financial transactions would have to be designed to ensure taxpayers don’t ultimately bear the burden, criteria he said no current plan meets.
“I have not seen the version of that that I think works,” Geithner said in an interview on Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend. “Otherwise people would have done this a long time ago.”
Read it all.
Filed under: * Economics, Politics • Economy • Labor/Labor Unions/Labor Market • Taxes • The Credit Freeze Crisis of Fall 2008/The Recession of 2007-- • The U.S. Government • Budget • Treasury Secretary Timothy Geithner
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2. freihofercook wrote:
Jim De Porre has written a good piece on this investment levy here. December 4, 4:45 pm | [comment link] |
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3. Dilbertnomore wrote:
I suppose this proves it is true that even a blind pig will find an acorn once in a while. December 5, 11:23 am | [comment link] |
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While I have numerous concerns about Mr. Geithner, it is good to see someone who understands how the markets really work and what the impact of this would be. As proposed by DeFazio et al this bill would be crushing to main street at many levels.
December 4, 4:16 pm | [comment link]