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Senate Debates WH Budget with Treasury Secretary

Washington, DC
Tuesday, February 14, 2012

Treasury Secretary Tim Geithner was on Capitol Hill to defend the Administration’s 2013 budget request. In testimony before the Senate Finance Committee, Secretary Geithner said the President’s $3.8 trillion package will reduce deficits significantly over time and get the nation back on a sustainable budget path.

The proposal includes raising revenues, one of which is a tax hike on the top two percent of American earners.

Republican committee members disagreed  and argued the increase will only hurt small businesses who are the main job creators.

Updated: Tuesday, February 14, 2012 at 3:41pm (ET)

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