Mr.
Geithner said the White House will allow taxes on top earners to increase on Jan. 1, 2011, as part of an effort to help bring down the mounting budget deficit. He said the White House still plans to extend tax cuts for middle- and lower-income Americans and expects to undertake a broader tax overhaul next year.
Source:
http://www.dailykos.com/storyonly/2010/7/22/886685/-White-House:-Tax-Cuts-for-Rich-to-Expire!
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