09/19/2011 12:33 pm ET Updated Dec 06, 2017

Timothy Geithner: U.S. Tax Reform Necessary To Spur Investment

WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Monday that comprehensive tax reform is necessary to make the United States a better environment for growth and investment.

"If you do it sensibly through tax reform you'll strengthen investment centers, you'll make growth in the U.S. stronger, you'll make people more confident in the future, more likely to invest here. That's something we should all be working toward," Geithner told reporters after President Barack Obama unveiled a $3 trillion plan to cut U.S. deficits by raising taxes on the rich.

(Reporting by Deborah Charles, Kim Dixon, Caren Bohan and Malathi Nayak; Editing by Will Dunham)

Copyright 2011 Thomson Reuters. Click for Restrictions.