Please ensure Javascript is enabled for purposes of website accessibility

Tim Geithner: We’ll ‘Take a Run’ at Tax Reform Before the Election

Eraserhead doppelgänger Tim Geithner has said that tax reform is coming but you shouldn’t really expect things to get started before Labor Day. If we’re lucky For starters, this tax stuff is complicated and secondly, this debt ceiling discussion is all the rage right now:

Geithner said the Obama administration hopes to take up the issue of tax simplification before the presidential election in 2012 but he signaled the issue is on hold for now. “I think realistically this fiscal debate we’re having is going to dominate our preoccupation for the next couple of months,” Geithner said in response to a question after remarks to the Harvard Club in New York.

But don’t worry, since the GOP has made it abundantly clear that raising taxes are off the table, the administration will definitely call attention to their uncooperative attitude well before the election:

Geithner said the administration would like “to take a run at doing this ahead of the election. That means we’ve got to start but we also need to get this fiscal stuff on a better trajectory.”

Geithner says overhaul of tax code must wait [Reuters]

Eraserhead doppelgänger Tim Geithner has said that tax reform is coming but you shouldn’t really expect things to get started before Labor Day. If we’re lucky For starters, this tax stuff is complicated and secondly, this debt ceiling discussion is all the rage right now:

Geithner said the Obama administration hopes to take up the issue of tax simplification before the presidential election in 2012 but he signaled the issue is on hold for now. “I think realistically this fiscal debate we’re having is going to dominate our preoccupation for the next couple of months,” Geithner said in response to a question after remarks to the Harvard Club in New York.

But don’t worry, since the GOP has made it abundantly clear that raising taxes are off the table, the administration will definitely call attention to their uncooperative attitude well before the election:

Geithner said the administration would like “to take a run at doing this ahead of the election. That means we’ve got to start but we also need to get this fiscal stuff on a better trajectory.”

Geithner says overhaul of tax code must wait [Reuters]

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

angry stress ball

Busy Season Problems: You Deducted What?, Dumbest Conference Idea Ever, Clients Taking Ls

It occurred to me the other day as I was setting up my bullet journal spreads for next month that it is almost April. How’d that happen? As I was casually drawing out colorful little calendar boxes, checklists, and doodles without a care in the world I remembered that there are a good number of […]

The Accountant Shortage is So Bad Anime Waifu Girlfriends Are Taking Up Tax Prep Now

TW: TurboTax bashing Before you get all bent out of shape over an anime dating sim that asks for your Social Security number for the purposes of helping you complete your federal tax return, know two things: Steam yeeted the game you’re about to see off the platform in a mere 24 hours and Tax […]