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December 2, 2012

Geithner: Republican Lawmakers Will End Up Accepting Higher Tax Rates

By Sheila Samples

"The ball really is with them now," Geithner said, noting that Republicans have to accept higher tax rates on the rich and be willing to specify what spending cuts they want in order for negotiations to move forward. Yet he made it clear that Social Security won't be part of the fiscal cliff negotiations. "We're prepared to, in a separate process, look at how to strengthen Social Security," Geithner said.

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"The ball really is with them now," Geithner said, noting that Republicans have to accept higher tax rates on the rich and be willing to specify what spending cuts they want in order for negotiations to move forward. Yet he made it clear that Social Security won't be part of the fiscal cliff negotiations. "We're prepared to, in a separate process, look at how to strengthen Social Security," Geithner said.



Submitters Website: http://sheilastuff.blogspot.com

Submitters Bio:

Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.

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