Summary Box: Geithner rejects wealthy tax cuts (AP)

Summary Box: Geithner rejects wealthy tax cuts (AP)

August 4, 2010, 7:38 pm

BIG MISTAKE: Treasury Secretary Timothy Geithner says extending tax cuts for the wealthiest Americans -- families making more than $250,000 annually -- would be a mistake that would cost the country $700 billion over the next decade.