Bloomberg News

Geithner Says Flat Tax Shifts Burden to Less Fortunate

October 25, 2011

Oct. 25 (Bloomberg) -- Treasury Secretary Timothy F. Geithner said today that U.S. flat tax proposals have the feature “of shifting the burden substantially from upper-income Americans to the less fortunate, to the middle class.”

Geithner, speaking at a news conference at Corning Inc.’s manufacturing plant in Wilmington, North Carolina, said that flat tax ideas “have been around for a long period of time.”

To contact the editor responsible for this story: Kevin Costelloe at kcostelloe@bloomberg.net


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