White House Rethinks Tax Hikes
Obama Open to Revising Plan to Cap Breaks on Mortgage Interest and Donations
Mr. Geithner also faced questions from lawmakers about how Mr. Obama's plan to let the top two tax rates increase to 39.6% and 36% in 2011 would impact small businesses. Republicans challenged Mr. Geithner's assertion that those increases wouldn't affect 97% of small businesses, saying the tax increases would put a new burden on businesses that create jobs.
Related Content
Comments
