Punting on Taxes

The Wall Street Journal, Monday, November 22, 2010: Money Talks

During an interview with Treasury Secretary, Timothy Geither on taxes, China and “smoothing things over with business’, Gerard Baker asked Mr. Geither about the Bush tax cuts, due to expire on December 31, 2010.  Mr. Geither stated that the Obama administration would not like to extend “the high-end taxcuts” and that they are against  a permanent extension.”  There was then a statement by Mr. Baker about a temporary extension of the high-end taxes, “But if you don’t do something permanent, aren’t you just punting?  You’re just increasing the uncertainty, if you do end up with a two-year extension of the high-end tax.”

Punting is a football term for turning the ball over to the opposition.  For a fuller explanation go to http://www.sportsidioms.com and scroll down to punt.



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: