Geithner: Let The Bush Tax Cuts Expire

U.S. Treasury Secretary Tim Geithner told an audience gathered at the Center for American Progress in Washington, D.C. that extending tax cuts for the wealthy would be a “mistake.”

Continuing the cuts enacted during the Bush administration “would be irresponsible and it would be unfair, especially with America still suffering through the effects of what we learned last week was the worst recession in post-war history,” said Geithner.

“That would only slow our recovery,” he added.

Geithner argued that the best way to restore the nation’s economy and balance its budget would be for Congress to extend tax breaks for the middle class that are set to expire at the end of 2010…