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Wednesday, July 07, 2010

Geithner: Really, We're "Pro Growth"

The laughable Tim Geithner gave an absurd performance today, when he said that business tax rates will remain the same and that Obama and he have a "pro growth" agenda.

"We're going to make sure that we keep at 20 percent the existing rates on dividends and capital gains," Geithner said. "We think that's good policy."

Well, except that the rates are 15% today and that dividends will rise to 40%. And that's before the incremental Obamacare 3.5% tax. So what's the big deal? They're barely tripling the rates - relax... Then Geithner had the nerve to say,

"We have a pro-growth agenda, part of that agenda is growing exports. They're central to our future. What the president (did) today is to say, 'That is important to the United States, we're going to be committed to making sure we're expanding opportunities for American businesses everywhere."

Sure, Timmy. The most anti-business, anti-free trade, pro-tax increase President in U.S. history is really pro-business. Americans believe you.