The Obama administration hopes to keep the top tax rate on dividends and capital gains at 20 percent, Treasury Secretary Timothy Geithner told the "Kudlow Report" on Wednesday.
Geithner said every effort will be made to ensure that any tax changes that are proposed will benefit businesses that create jobs and individuals.
"We're going to make sure that we keep at 20 percent the existing rates on dividends and capital gains," Geithner said. "We think that's good policy."
The Treasury secretary also said the economy is “healing” and the recovery so far looks “very encouraging.”
“We’re repairing the damage caused by the [financial] crisis,” Geithner said. “We’re growing, and we’ve been growing now for 12 months.” (Watch the full interview here)
He pointed to “six months of sustained growth in private-sector jobs,” noting, “Coming out of the last recession, it took us almost two years before we had a sustained set of month-to-month increases in private-sector jobs.” Geithner also said that that growth “is being led by business investment, by exports, by manufacturing.”
His outlook going forward?
“I think that the most likely thing is you’re going to see an economy that is growing at a moderate pace,” Geithner said, “hopefully strengthening over time.”
- Slideshow: Biggest Holders of US Gov't Debt
- Slideshow: America’s Biggest Trading Partners
- Slideshow: Companies at Greatest Risk for Default
- Slideshow: World's Biggest Debtor Nations
- Slideshow: Largest IPOs In US History
- Slideshow: What Does $1 Trillion Look Like?
- Slideshow: America's Top 15 Golf Communities
- Slideshow: Which Oil Producers Are Making Money?
- Slideshow: How Your Tax Dollars Are Spent
Questions? Comments, send your emails to: email@example.com
—Reuters contributed to this report.