Let them expire

Geithner

WASHINGTON – As the White House geared up for a fight to end controversial tax cuts of the last administration, Treasury Secretary Timothy Geithner said Sunday that allowing the expiration of those targeted at wealthy Americans was “the responsible thing to do” and would not deter economic growth.

The president’s plan would end tax cuts for only 2 percent or 3 percent of the highest-earning Americans, Geithner said, while sending an important message to the world about commitment to fiscal austerity. Full story.

Thoughts?