By Alan Rappeport
Tim Geithner, US Treasury secretary, testified before the House Ways and Means Committee on February 15 to discuss President Obama’s budget proposals for fiscal year 2012. His full remarks are here.
3:25pm – With time expired, Mr Geithner agrees to field three more questions and respond in writing.
3:23pm – Mr Geithner reminds Ms Jenkins that generous tax credits will assist farmers an offer incentives and make capital investments.
3:19pm – Mr Geithner is asked by Lynn Jenkins of Kansas if he knows how much a new combine costs (he does not) to make a point about the costs of running a farm and how estate taxes are hurting agricultural workers.


