Tax Talk

There's seems to be a slight to-do about Timothy Geithner's new book Stress Test.  In it, he claims Mitt Romney advisor R. Glenn Hubbard secretly admitted to him that Americans needed to pay more in taxes.  Hubbard denies it.

I think it's a simple misunderstanding.  My guess is Geithner just heard him wrong.  What Hubbard probably said was Geithner needs to pay more taxes, i.e., the amount he's legally required to.