Tim Geithner seemed to make it pretty clear today that the administration plans to let the Bush tax cuts for individuals making more than $200,000 and families earning more than $250,000 expire. Here is the rationale for increasing taxes: “We think that’s the responsible thing to do because we need to make sure we can […]
Posts Tagged ‘medicare’
The Social Security Safety Net Has Big Holes
Posted by Tom Lindmark on May 12th, 2009
The Trustees for Social Security and Medicare issued their annual report today and it does not make for nice reading. Social Security is now forecast to begin paying out more than it receives in 2016 and be insolvent in 2037. Previously it was expected to be revenue negative in 2017 and insolvent in 2041. Medicare is […]
Does Geithner Deserve A Pass?
Posted by Tom Lindmark on January 13th, 2009
There always seems to be one incoming President’s cabinet nominee that turns into a fiasco. For awhile it looked like President-elect Obama’s oops would be Bill Richardson. Now Timothy Geithner, the nominee for Treasury Secretary looks to be the one to take the prize. It seems Mr. Geithner, who as Treasury Secretary will have the IRS reporting to […]
Posted in Uncategorized 
Tags: geithner, irs, medicare, social security, taxes, withholding 
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