Romney pumped out at least 20 lies last night, masquerading them as fact. What I found interesting is the statement he made about his sons who could tell the same lies over a period of time until they were accepted as fact. This is obviously a family trait.
Here are some examples of Romney’s fabrications:
A Tax Policy Center analysis of Romney’s proposal for a 20% across-the-board tax cut in all federal income tax rates, eliminating the Alternative Minimum Tax, eliminating the estate tax and other tax reductions, would reduce federal revenue $480 billion in 2015. This amount to $5 trillion over the decade.
Mitt: “I will not under any circumstances raise taxes on middle-income families. I will lower taxes on middle-income families.”
The studies Romney cites actually further prove that Romney would, in fact, have to raise taxes on the middle class if he were to keep his promise not to lose revenue with his tax rate reduction. Combine this with his statement two weeks ago that “Middle Income” means an annual earning averaging $250,000.00 with a minimum of $200,000.00. That sure sounds like upper income to me. Us $50-60,000.00 folks will get taxed.
And what about corporations that ship jobs overseas?
If he’s such a businessman… who has actually sent companies to China… don’t you think he knows about the tax break?
I wonder ho many lies will come out of the VP debate? Ryan certainly has been spouting them since his nomination.
Frankly, I don’t believe anything the Republican candidates say. If they have learned to do a good performance of untruthful things then that is what has to be addressed. Obama better wise up to this.
- Romney Backs Away From Own Tax Plan (tpmdc.talkingpointsmemo.com)
- Romney Runs Away From His Own Tax Plan (alan.com)
- Truth Squad: The presidential debate (firstread.nbcnews.com)
- Debate fact check (salon.com)
“The bottom line is that whatever baseline you use, until Romney makes good on his promise to pay for his tax cuts, he would increase the deficit far more than Obama would.”
– The Tax Policy Center’s Robert Williams
Romney’s tax cuts for all those multi millionaires would increase the deficit by nearly $5 trillion over 10 years. That’s on top of keeping the Bush tax cuts for the rich. Romney has promised to close various loopholes to pay for his tax cuts, but he hasn’t specified which ones. And he’s not likely to because none of them are actually possibile.
- Romney Avoids Explanations of How to Pay for Campaign Promises – Bloomberg (bloomberg.com)
- It’s Becoming Clear That Mitt Romney Has Radically Changed His Plan For Taxes And The Deficit (businessinsider.com)
- Mathematically Impossible (theburningplatform.com)
- The Truth About “Romney Hood” (newyorker.com)
- RomeyRyanomics: A Bad Deal for the Working Class: (economistsview.typepad.com)
- Rhetoric Aside, Few Details Of Romney’s Tax Plan (npr.org)
- Obama: Romney tax plans increase burden on middle class (mysanantonio.com)
- Mitt Romney — The Potential Liar-in-Chief (sayitaintsoalready.com)
- Payroll tax cut OK’ed for all of 2012; high-earner recapture tax repealed (dontmesswithtaxes.typepad.com)
- Mitt Romney and the Fantasy Budget (businessweek.com)
Obama says Republican Leaders Must Bend on Taxes – especially in restoring tax cuts for the rich.
Speaking at his Press Conference today:
“If you are a wealthy C.E.O. or hedge fund manager in America right now, your taxes are lower than they have ever been. They are lower than they have been since the 1950s. And they can afford it… You can still ride on your corporate jet. You’re just going to have to pay a little more.”
– Barack Obama
I’m getting really tired of these right-wing corporation kissers who are demanding MORE TAX CUTS when we are already taxing less as a percentage of GDP than we have since 1950 (and if you remember at that point, the upper 1% of rich Americans was being taxed close to 90%).
The Bureau of Economic Analysis (BCA) puts it this way in it’s report:
Federal, state and local taxes — including income, property, sales and other taxes — consumed 9.2% of all personal income in 2009, the lowest rate since 1950, the Bureau of Economic Analysis reports. That rate is far below the historic average of 12% for the last half-century. The overall tax burden hit bottom in December at 8.8% of income before rising slightly in the first three months of 2010.
A. If we are going to cut expenses let’s bring home the troops and cut the military…
Of course, we are going to see the Republicans hang on to the Paul Ryan plan because they have all but married it. Don’t expect changes from the House then. And hope that Obama and the Senate don’t knuckle under. Just get us to the 2012 elections and eject the idiots who have made the House the non-voice of the people.
- The New GDP Data Is Bad. The Hidden Data Behind It Is Worse (freakonomics.com)
- You Think You’re Paying Too Much In Taxes? (mint.com)
- New GDP Data: There’s Bad News, Hidden in the Details (economistsview.typepad.com)
- N.J. slips to third in nation for personal income (nj.com)
- U.S. tax burden at lowest level since ’58 (usatoday.com)
- Modest growth forecast for Tennessee economy (knoxnews.com)
On the 1,515th Valentine’s Day we are looking at a lot less love for working classes…Obama is getting ready to put in his budget cut proposals and it looks like the folks who are going to be asked to hold their breaths and take the biggest cuts are those of us on the bottom.
This from the Associated Press:
Less than two months after signing tax cuts for the wealthiest Americans into law, President Barack Obama proposed a spending plan to Congress that cuts funding to programs that assist the working poor, help the needy heat their homes, and expand access to graduate-level education, undermining the kind of community-based organizations that helped Obama launch his political career in Chicago.
Now here is what I want to know…since the Tax Cut deal Obama supported and got through is going to give us a $1.6 Trillion deficit, and our Federal Revenues will be greatly reduced because of the cut, what will keep us functioning? Part of the budget proposal swings more responsibility to the States:
“To help employers keep workers on the job, the Budget will encourage States to expand use of short-time compensation… Also known as work-sharing, this voluntary employer program helps firms retain workers by reducing employees’ weekly hours instead of laying them off. Workers with reduced hours receive a partial unemployment check to supplement their reduced paycheck.”
From what I understand, however, the States don’t have a big income source either. I look at West Virginia especially. We are one of 45 States who are not going to make our State Budget this year. Very few of the funds from the Recovery Act are available after August 2011.
I have an idea… let’s bring back some of the taxes on the top 2% of our citizens and write of this problem once and for all. I’m not opposed to taking my cut here as long as those rich types get their incomes cut, too.
“Well, look, it pains me that we would even be talking about this. This is not a game. You know, the debt ceiling is not something to toy with. If we hit the debt ceiling, that’s essentially defaulting on our obligations, which is totally unprecedented in American history. The impact on the economy would be catastrophic. That would be a worst financial economic crisis than anything we saw in 2008.
As I say that’s not a game. I don’t see why anybody’s talking about playing chicken with the debt ceiling. If we get to the point where you’ve damaged the full faith and credit of the United States, that would be the first default in history caused purely by insanity.”
– Austan Goolsbee, the chairman of the Council of Economic Advisers, on ABC’s This Week, commenting on Tea Party insistence that the country’s debt ceiling not be raised.
- Risking ‘the first default in history caused purely by insanity’ (washingtonmonthly.com)
- Obama Names Austan Goolsbee as Chief Economic Adviser (dailyfinance.com)
- 10 Questions for Austan Goolsbee (thecaucus.blogs.nytimes.com)
- Goolsbee backs Obama – Deal was ‘price we had to pay’ (politico.com)
We will soon see the results of extending the Bush Tax Cuts…
The new Republican House will try to undo the best products of the past year…
…and Knowledge will no longer be Power…
Ed Stein of The Rocky Mountain News:
- Bush Administration Disapproved Muhammad Cartoon Reprinting (danielpipes.org)
- Obama Tax Deal Debate Is a Classic Beltway Christmas Story (politics.usnews.com)
- Palin, Bachmann, Scarborough, and Others We Watched in 2010 (usnews.com)
Both the Senate and the House (finally) passed the health bill for 9/11 first responders and it was sent to the White House for Obama‘s signature. The Senate was unanimous (after offices of Senator Coburn and others were stormed by 9/11 first responders this morning.) The House took very little time to pass it… and now it’s going to be law. It looks like the Republicans were “shamed” into coming in on this after tromping it the other day.
The Senate also finished up with and passed the START arms reduction treaty with Russia by a 71-to-26 vote. The treaty had needed at least two-thirds support for passage.
The President signed the Don’t Ask, Don’t Tell bill that was passed yesterday.
I’ll bet Mitch McConnell will have to agree with Lindsey Graham that Harry Reid has “eaten our lunch.” And the President, at his Press Conference this afternoon said “we are not doomed to endless gridlock.”
Today, Obama and the Democrats lived up to their word. They maintained their focus and, despite the agreement on the Tax Cuts, brought in the majority of their bills. It’s going to be a Happy Holiday for Democrats.
- The case of Lindsey Graham’s missing lunch (washingtonmonthly.com)
- Nuclear treaty reignites Senate bickering (seattletimes.nwsource.com)
- Senate Passes Food Safety Bill Again; Sets Final Vote for New START (news.firedoglake.com)
- House & Senate Pass 9/11 Health Bill, Senate Ratifies START Treaty (themoderatevoice.com)
- Nuclear treaty another victory for President (nationalpost.com)
- US Senate approves New START (rt.com)
- GOP senators help arms pact clear hurdle (washingtontimes.com)
- START Treaty Passed By Senate (alan.com)
- HuffPost TV: WATCH: Roy Sekoff Says Obama ‘Just Not That Into’ Tax Cuts For The Rich (huffingtonpost.com)
- House passes tax deal to send it to President Obama (cnn.com)
- Congress Passes Sweeping Tax Bill, Sends It to Obama’s Desk (foxnews.com)
I don’t know if any of this stuff is really believable. I watched a gloomy couple of hours of debate this morning when the Republicans held off any changes in the Obama-McConnell Tax Cut extension, keeping Democratic changes from coming into play. Now I’m watching as all the amendments proposed by Republicans and Bernie Sanders get voted down (they need a 2/3 majority under these rules), which, I think, it was previously agreed upon.
I guess they will then put the 61 votes necessary behind the Bill as written (and complain about how they HAD to do it… especially from the Democratic side)… and then it will go to the House and go through the same kind of brouhaha with the same results.
I wish I felt that the main motivation here wasn’t “vote for it now so we can go home for Christmas” or some other pathetic excuse. But it seems pretty clear that this will be a day cheered on by the rich, who will make out like bandits for the next couple of years. Sanders’ amendment, which is currently being voted (down, I’m sure… there’s no way it can get the 67 Aye votes necessary) which would remove the tax cuts from the top 2%. As I watch them muddle around on the Senate floor I am more and more aware that this is a crowd of rich people… many who became rich by becoming Senators. Why would they vote against themselves?
And then there’s my Senator, Joe Manchin, and Joe “the sleeze” Lieberman who are voting NO with the Republicans on taxing the rich.
This is going to be even more fun in January when there are more Republicans in the Senate and a Republican Majority in the House. We might as well give our country to the Chinese now and get it over with.
About an hour ago the Senate started moving forward the Tax Cuts and Unemployment Benefits bill (actually based on HR 4853) and, since they need to get 60 votes to pass it, this is being held open so all Senators can vote. Given the weather conditions nationwide, some Senators have had trouble getting back from the weekend, and I am not sure who we are waiting for and how long they will continue to hold it open.
At the one hour mark the vote was 58 – 6 in favor of passage. The 6 NO votes so far are all Democrats (Bingaman, Feingold, Leahy, Sanders, Gillibrand and the Udall from Colorado.) You can see Senators wandering in here and there on screen and the Senate Pages wandering around and talking to each other. They are in the W’s on the Roll Call and the fellow with the list is calling out vote results (so far, I guess). Sounds like the AYES are a mix of Dems and Reps. Brown of Ohio just became the seventh NO vote.
However, Senator Lincoln just voted AYE, so it looks like they have the 60 that pass the measure.
I’m not sure, but I think all this vote means is they move forward now to 30 hours of debate on the final bill. It’s now 63 – 8. The actual, final, real vote on this will not happen until tomorrow or Wednesday, I guess. At an hour and 20 minutes, I’m checking out.
Renewing the Bush Tax Cuts Is Like:
” driving your car off the cliff, paying a tow truck twice the price of the car to haul it back up, then driving it back over because your brother-in-law’s cousin’s friend told you this time it will fly.”
(this is a contest By larry beinhart (about the author)
Go to this section of OpEd News to Enter and see the other responses.
- Larry Beinhart: Renewing the Bush tax cuts is like:(This is a contest) (huffingtonpost.com)
- Dear Mary: You voted for the Bush tax cuts (dailykos.com)
- “The Irony: What Bush Tax Cuts Giveth, Deficit Plan Tax Increases (Mostly) Take Away” and related posts (gooznews.com)
Kevin Siers in the Charlotte Observer:
So who ran the discussions on the tax cut extensions?
– and –
– and –
Rob Rogers in the Pittsburg Post-Gazette:
… or maybe it was Boehner who decided the rich were worth more than the overall economy…
– and –
Jim Morin at the Miami Herald:
… or perhaps Obama just didn’t try.
I watched a lot of the 8 1/2 hours that Bernie lectured the Senate in his epic “filibuster” on the proposed tax cut extension. Here is a really precise quote:
“But it is not just a disastrous trade policy that has brought us where we are today. The immediate cause of this crisis, and it gets me just sick talking about it … is what the crooks on Wall Street have done to the American people.”
– Senator Bernie Sanders (D – Vermont)
Whether his long speech will make a difference we will have to wait and see on Monday when the proposal comes up in the Senate. I hope people have called and emailed their Senators supporting Bernie’s position.
- Bernie Sanders’ epic tax cut filibuster rant (salon.com)
- Sen. Bernie Sanders is my hero (horsesass.org)
- Vermont Sen. Bernie Sanders Is Filibustering – For Real – Barack Obama’s Tax Capitulation (slog.thestranger.com)
- Vermont Senator Bernie Sanders Begins “Tax Cut Filibuster” (outsidethebeltway.com)
- “Bernie Sanders Filibuster” and related posts (themudflats.net)
“It has become a widely-noticed habit of yours to concede or to adopt both the Republican terms of policymaking and Republican policies and programs… For many of your 2008 voters, this will indeed be the last straw for any active support they might have considered providing you.”
- Letter to President Obama On Extending Bush Tax Cuts by Ralph Nader (dandelionsalad.wordpress.com)
- The Republican Party: Institutional Insanity by Ralph Nader (via Dandelion Salad) (wilderside.wordpress.com)
- LETTER TO THE EDITOR | Obama Shouldn’t Cave to the Republicans (kitsapsun.com)
- Poll Question – Obama Tax Deal? (timesunion.com)
… and what Boehner said as well?
This is pathetic. I hope the rest of the Democrats show some guts and pull this down. Of course, that’s not likely to happen.
- No We Can’t: One Progressive Who Sees Obama’s Deal As Weakness (alan.com)
- Message for Boehner – ‘You can’t just … be a bomb thrower’ (politico.com)
- Obama defends tax deal, says he’s kept promises (sfgate.com)
- Leah McElrath Renna: Obama’s Press Conference: Passion Misplaced (huffingtonpost.com)
As of this morning it seems that Obama is ready to deal with the Right… extend the Bush tax cuts for a couple of years in exchange for one year’s extension of Unemployment funding. The tax cut deal is tentative. It hasn’t gone through Congress yet (although McConnell is probably dribbling with laughter in his office), but it probably will.
When even Conservatives like Joe Scarborough sees and comments on the fact that Obama is moving directly to the Right…
which will not increase job creation much, but will add at least a trillion new bucks to the deficit…we know it’s a lot of money. And who is going to lend it to us? The Chinese? Are we going to listen to Obama’s financial team that extending tax cuts are going to get us out of recession?
And now we won’t be able to blame this crap on Bush anymore. Obama owns it and is most likely making himself a one-term President. And a lot of very unhappy Democrats like me will probably help him to become a one-termer. As Joe Scarborough just said: “At least they can’t call him a Socialist any more.”
I think it is up to Nancy Pelosi (certainly not Harry Reid) to try to hold this arrangement off… and, as I have said before, it would be better to have this whole arrangement with the Right flushed down the toilet and get NO tax cut extensions for ANYONE, than to do anything like what is coming out of the White House. (Steny Hoyer, however, will go along with it… miserable power seeker… and will undermine Pelosi.)
So now we have to pay for increased troops in Afghanistan where we are getting nowhere even faster than before, we have to suffer increasing rather than decreasing unemployment making our tax revenues even lower, and we can look forward to a GOP-controlled future… amazing with a Democratic White House and Senate… which will take us further from the America that was built by generations of progressive leaders from Roosevelt (FDR) through Johnson.
If the Tea Party takeover has taught us anything, it is that we need a new grass-roots progressive movement. And we have to push from the ground up. It’s going to take 30 years.
From The Hill: Collins says ‘Don’t ask, don’t tell’ repeal must wait for tax cuts By Michael O’Brien
Here’s a piece of O’Brien’s article.
The next time someone tells you that Susan Collins is a “liberal” Republican, have them read this…
There’s more at TheHill.com:
- Scott Brown May Support Repeal of Military Gay Ban – But Not Not Yet. (blogs.wsj.com)
- Olympia Snowe and Susan Collins Have the Power to End “Don’t Ask, Don’t Tell.” Will They? (gayrights.change.org)
- GOP Sens. Threaten to Block Repeal (pinkbananaworld.com)
- ‘Don’t ask’ repeal loses momentum (politico.com)
- Senator Susan Collins Supports DADT Repeal- With Conditions (lezgetreal.com)
- “Don’t ask, don’t tell” probably not happening any time soon (salon.com)
“I’m just hoping that the president sticks to what he said in Iowa during the campaign, and throughout the campaign, that he was drawing the line at $250,000.”
– Tom Harken (D – Iowa)
However, don’t be surprised if Obama backs down and gives the Millionaires and Billionaires big tax cuts beyond $250,000.00 thinking the Republicans will give him unemployment assistance and a variety of expiring tax breaks for low-wage and middle-income workers as part of any deal.
- Heading off tax increases; resolution taking shape – Houston Chronicle (news.google.com)
- Tax cut, jobless aid take shape (philly.com)
- Tax Cuts Likely to Be Extended Temporarily (online.wsj.com)
- Deal Near, Senate Plans Vote on Dem Tax Cuts (foxnews.com)
- Weeked vote set for tax cuts (capitolhillblue.com)
… and this from FireDogLake’s Founder. Jane Hamsher:
- The Game Is Rigged: On Bush Tax Cuts, Obama Push Back Not What It Seems (fdlaction.firedoglake.com)
- Jane Hamsher on The Last Word: “People Are Hurting; We Need Leadership” (my.firedoglake.com)
- Obama Will Cave On The Bush Tax Cuts, And The Left Is Now Furious With Him (businessinsider.com)
- House Set to Vote on Tax Cuts: Should All Bush Cuts Be Extended? (abcnews.go.com)
- Obama ready to deal on tax cuts (politico.com)
- Senator Reveals All! [Video] (gawker.com)
“Suppose you were an idiot. And suppose you were a member of Congress. But I repeat myself.”
I’m having a morning of amusing television watching the House of Representatives on C-Span debate the extension of the Bush Tax Cuts. Well, right now they are debating the rules by which they will debate the subject (which is funny enough in and of itself).
The Democrats are pushing to extend the cuts to 98% of Americans who earn less than $250,000 a year while restoring the taxes on Millionaires and Billionaires. Republicans are threatening a standoff… either give tax cuts to everyone, including the wealthy, or have the vote held up and watch it die in the Senate.
The republicans are, essentially, wasting as much time as possible with the goal of getting into the next Congress and passing return to the Bush tax cuts as a return legislative move.
Of course, the thing that would work now is the Democrats in the House pushing this through and the Senate finding two Republican votes to get the filibuster-ending 60 votes which would pass the legislation before everyone trots home for Christmas.
Is this likely to happen? Probably not. There is also the notion that the President has already agreed to a temporary extension for everyone and the wealthy would be taxed again a couple of years down the road. With change in control of the House, this would be highly unlikely…the Republicans, supporting the wealthy, would seek permanence of the extension.
While a fifteen minute vote on the first House rule is going on in the House, I switch to the Senate to listen to Byron Dorgan (D – North Dakota) compare the untaxed Wealthy with the middle class soldiers who get up this morning to get shot at by Afghanistanis. I don’t think anyone is listening (the Senate floor seems to be empty). I’m often curious if Senate speeches accomplish anything at all.
Back to the House where Democrats are voting for the rule and Republicans are voting against it. Surprise, surprise. Wouldn’t it be amazing if Congressfolk voted according to actual values rather than party lines?
- “McConnell warns of filibuster on tax bill” and related posts (politicalticker.blogs.cnn.com)
- Republicans Hold the Power on Tax Cuts (politicalwire.com)
- Republicans threaten gridlock unless Obama extends tax cuts for wealthy. (calgaryherald.com)
- Senate Democrats and GOP In Legislative Ditch Over Tax Cuts (politics.blogs.foxnews.com)
- Tax Battle Begins with No Democratic Consensus (news.firedoglake.com)
- Americans Deeply Divided Over Tax-Cut Extensions (dailyfinance.com)
- You: Economic Scene: In Tax Cuts, the Options Run Short (nytimes.com)
- House to Vote Thursday on Tax Cuts (thecaucus.blogs.nytimes.com)
- House to vote on fate of Bush-era tax cuts (msnbc.msn.com)
- Senate GOP Unanimously Pledges to Filibuster All Bills Until Dems Agree to Tax Cuts and a Budget (minx.cc)
- Do Tax Cuts Help The Economy? (seeingtheforest.com)
- Dave Johnson: Do Tax Cuts Help The Economy? (huffingtonpost.com)
Don’t you see what they have caused? Here are the 10 Epic Failures of the Bush Tax Cuts (each one will lead you to an overall definitive view):
Well, I see why the wealthy are happy with the continuation, but that rules 99% of us out.
- Mike’s Blog Round Up (crooksandliars.com)
- White House Raising White Flag on Bush Tax Cuts? (crooksandliars.com)
- 10 Epic Failures of the Bush Tax Cuts (crooksandliars.com)
- Robert Reich: The Showdown on Tax Cuts for the Rich (huffingtonpost.com)
- “Bush tax cuts: Cutting through the noise” and related posts (politicalticker.blogs.cnn.com)
We are writing to urge you to stand firm against those who would put politics ahead of their country.
We make this request as loyal citizens who now or in the past earned an income of $1,000,000 per year or more.
We have done very well over the last several years. Now, during our nation’s moment of need, we are eager to do our fair share. We don’t need more tax cuts, and we understand that cutting our taxes will increase the deficit and the debt burden carried by other taxpayers. The country needs to meet its financial obligations in a just and responsible way.
Letting tax cuts for incomes over $1,000,000 expire, is an important step in that direction.
…and that from over 40 patriotic Americans.
- “Patriotic millionaires” call for their tax cuts to expire (salon.com)
- Dems Seek Middle-Class Tax Cuts, but ‘the Votes Are Not There’ (politics.blogs.foxnews.com)
- Obama’s First Post-Election Crisis: Can He Appear Strong on Tax Cuts? (politicsdaily.com)
..and by that I mean for everybody. I no longer believe that extending them would aid the middle class… they will just make the deficit worse. It certainly won’t help if we extend them to the wealthy… it will just put is a trillion dollars further into the hole.
What we must see is that when Bush put in the tax breaks eight years ago, they just made everything worse… they did not help as they were supposed to. Remember the definition of insanity? It’s making the same mistake over and over and expecting different results. If the tax cuts are extended, the results will not be different. It will not create jobs. It will leave us in greater debt. We won’t be back where we began, we’ll be far worse.
With good luck, the division between the Dems and the Repubs will prevent ANYTHING from happening. Then, in January, the Republican-controlled House will be faced with a situation where they won’t be able to do anything without working together with the Democrats… and they just may start to solve the problems.
- FACTBOX-U.S. Congress starts ‘lame-duck’ session (reuters.com)
- Voted-out members muddy tax issue (dispatch.com)
- Will Lame-Duck Session Be Productive … or Just Lame? (abcnews.go.com)
- Divided Congress faces key deadlines (boston.com)
- Tax-cut extension deal takes shape on Hill (washingtontimes.com)
- US’s Boehner:To Urge Permanent Bush Tax-Cut Extension W/Obama (forexlive.com)