By Joshua Altman - 09/19/11 04:13 PM EDT
Treasury Secretary Timothy Geithner announced Monday that the administration will not offer suggestions to Congress on how to achieve the “Buffett rule.”
“There are lots of different ways to achieve that principle,” Geithner said. “How you do it depends on what you do to the broader tax system as a whole, we are not going to give the Congress a detailed proposal on how to meet that specific principle.”
The "Buffett rule" named after billionaire investor Warren Buffett would ensure that wealthy Americans pay an equal percentage of their income in taxes as middle class families do. Buffett has long called on Washington to raise taxes on the wealthy.
Geithner spoke to reporters with White House press secretary Jay Carney and Director of the Office of Management and Budget Jacob Lew in the White House briefing room after President Obama’s address from the Rose Garden.