Return to Washington Examiner Homepage
May 25, 2013 | 10:06 AM
politics
Washington D.C. weather
Politics

Tim Geithner: GOP has already made their biggest compromise in 20 years

December 3, 2012 | 11:47 am
Leave a comment

Treasury Secretary Tim Geithner tried to portray Republicans as obstructionist during a round of the Sunday talk shows, but he admitted that they have already made their biggest departure from party orthodoxy about taxes in 20 years.

“[Y]ou’ve heard them for the first time, I think, in two decades, acknowledge that they are willing to have revenues go up as part of a balanced plan — that’s a good first step but they have to tell us what they are willing to do on rates and revenues,” Geithner said on Fox News Sunday. “That’s going to very hard for Republicans. We understand that, but there’s no way through this without that.”

Geithner then described his call for a $1.6 trillion tax hike as “a modest increase” that Republicans ought to ratify. “We proposed these things last fall and in the president’s budget, they are very detailed,” he said.

 

From WeeklyStandard.com

  • What the Data Didn’t Show

    Baltimore The presidential ambitions of Maryland governor Martin O’Malley have taken a hit after a federal investigation uncovered a sordid sex-drugs-and-racketeering ring festering right...

    Read More...

  • Do Not Disturb

    Harry Truman famously kept a sign on his desk in the Oval Office, “The Buck Stops Here.” Sixty years later, President Obama hangs a sign on the door to the Oval Office, “Do Not Disturb.”...

    Read More...

  • Citizens, Not Customers

    "We provided horrible customer service,” outgoing acting commissioner of the IRS Steven Miller told the House Ways and Means Committee on May 17, referring to evidence that his agency had...

    Read More...