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Experts: Hey, Maybe Geithner Will Only Enforce Tax Hikes on the Rich

Bufa Wrote: Dec 10, 2012 1:07 PM
Russia now has a 13% flat tax for all personal income. Their economy is on fire. But that is working so.......................let's ignore that.

Who needs Congress or legislation these days?  The democratic process is such an anachronism:
 

The White House has the power to temporarily protect taxpayers from middle-class tax hikes even as upper income rates rise if Congress does nothing and all of the Bush-era tax rates expire in January. Experts and lawmakers alike agree that Treasury Secretary Timothy Geithner has the power to adjust how much is withheld from paychecks for tax purposes — for all taxpayers or just for some.  By doing so, Geithner could ensure paychecks reflect the White House position that wealthier taxpayers...