Written by Warren Redlich
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Topics: Economy, Tax

Friday, 16 January 2009

image for Geithner Stimulus Plan: Don't Pay Your Taxes
Geithner hides from Schumer in the wrong place

Incoming Treasury Secretary Timothy Geithner told Congress about his own stimulus idea on Friday. Geithner said that Americans should follow his lead and not pay their taxes.

"It turns out that people spend money themselves more effectively than government spends it for them," the nominee explained to the Senate Finance Committee. "This makes the economy run more efficiently."

Upon hearing those remarks Chuck Schumer (D-NY) stormed out of the hearing and ran to the nearest camera. "I was okay with him cheating on his own taxes," said Schumer, "but suggesting that regular people should keep their money for themselves is counter to everything I believe. Of course we know what's best for these people. We're educated. We were elected to take care of them, whether they like it or not."

President-elect Barack Obama remained firm in his support for Geithner: "While I'm disappointed in his tax errors, I still support Tim Geithner for the job. His ideas for tax stimulus are the kind of post-partisan thinking we need in Washington."

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