Treasury Secretary Timothy Geithner told skeptical Republican senators Tuesday that it is simply not possible to correct the nation’s fiscal problems without raising taxes.
Geithner defended President Obama’s 2013 budget proposal before the Senate Finance Committee and said the plan is the only option he sees for helping the economy and addressing the deficit without hurting the middle class.
“I do not see how you get there if you are unable … to contemplate and to embrace modest increases in revenue through tax reform,” Geithner said. “I just don’t think it’s possible.”
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