Tax the Rich? You bet

Treasury Secretary Timothy Geithner went on the Sunday morning talk shows to explain the Obama Administration’s position that it would support repealing the Bush tax cuts for those making over $250,000 a year but would keep the tax cuts for the middle class. It’s a fair policy, as it would keep the tax cuts for nearly 97 percent of all Americans. President Obama made this one of the centerpieces of his campaign. Furthermore, it would show fiscal discipline; renewing the Bush tax cuts for the wealthy would add to the federal deficit. The income gap between wealthy Americans and everyone else rose significantly during the past few decades. The economy thrived under President Clinton when taxes were higher on the wealthy. Keep tax cuts for the middle class and for small businesses, but don’t give them to wealthy people who don’t need them. Your comments?