March 3, 2009 Geithner: Obama to crack down on tax evaders Play video

(NECN: Washington) - Over the next several months, the president will propose a series of legislative and enforcement actions to reduce tax avoidance," this afternoon said Treasury Secretary Timothy Geithner in testimony before the House Ways and Means Committee.

"The problems that confront our nation are daunting, but we are a strong and resilient country. We have faced these challenges in the past and we will confront them effectively. This will not be easy," said Geithner.

"I think what the economy requires, what the American people demand is that we move as aggressive as we can to get growth back on track," said Geithner.

He also said the administration will try to limit wealthy Americans' ability to use tax havens to avoid taxation.