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Showing posts with label middle class tax rates. Show all posts
Showing posts with label middle class tax rates. Show all posts

30 November 2012

TELL THE WHITE HOUSE WHAT $2000 MEANS TO YOU 30NOV12

PRES OBAMA is asking all Americans what $2000 means to us because that is approximately the amount taxes will increase for each family in the 99% if the gop doesn't stop their obstructionism and is able to come to an agreement with the administration and Democrats in Congress. Just click the link to send your message to the White House, and then tweet your Representative and Senators at hashtag my2k, or e mail them at
http://www.house.gov/representatives/find/
and  http://www.senate.gov/general/contact_information/senators_cfm.cfm
And you can check out my earlier post that includes the President's remarks on the budget negotiations at

President Obama’s remarks on middle-class tax cuts on Nov. 28, 2012 (Transcript) & Patriotic Millionaires and Top Wonks Dominate Fiscal Cliff Debate 28&29NOV12

The White House, Washington


Hello --

When President Obama asked you to tell us what the middle-class tax cuts meant for your families, we knew you'd speak up. But I don't think any of us were prepared for this.

The stories started pouring in immediately. Within a couple hours, we received messages from tens of thousands of people. Folks from every state in the country took time to write in. You nearly took over Twitter, where the hashtag #My2K trended all day.

And people are starting to pay attention. News outlets are writing stories about how everyday Americans are engaged in this debate. Decision makers are coming to the sudden realization that they can't ignore the perspective of the middle class when it comes to cutting taxes.

You're changing an entire policy conversation. And we have to keep it up.

Tell us what $2,000 means to middle-class families.

There's no denying the power of your voices.

We heard from a woman in Alabama who explained that $2,000 was a crucial part of her family budget -- the choice between two house payments, three car payments, or medical prescriptions for a year.

We heard from a farmer in Michigan, just starting his business, who wants to use $2,000 to invest in two greenhouses so he can extend his growing season.

We heard from a dad in Indiana who did the math and realized that $2,000 will buy groceries for his family for 23.5 weeks.

We heard from graduate students working to pay down student loans and parents trying to help put their kids through school.

And these folks are not alone. Unless Congress acts, 114 million middle-class American families are staring down a tax increase starting January 1.

So we need you to join them. We're doing everything to draw attention to the stories you share with us. We're sharing them on Facebook and Twitter. We're putting them on the front page of the White House website.

Will you speak out today?

http://www.whitehouse.gov/my2k

Thanks,

David

David Plouffe
Senior Advisor
White House




04 October 2012

Mitt Romney Won the Debate. But Why? 4OKT12

MORE debate lies by mitt robme romney exposed by Bob Cesca on HuffPost, and check this out from The Daily Kos Mitt Romney: Lying to victory (DEBATE ANALYSIS) 4OKT12
Mitt Romney won the debate last night but only if you judge the "winner" of a debate as the most hyperkinetic, oftentimes aggressive and condescending participant who used his rehearsed delivery to spackle over his lies, mistakes, generalities and misleading statements.
Almost on cue, the cable news people along with, shockingly enough, some people who I otherwise admire and whose work I read every day, confused style for substance and leadership quality -- and they've completely and totally ignored the words Mitt Romney actually said. More on that presently.
In contrast to Mitt Romney's used-car salesman approach in which he stabs you in the face but does so in a way that makes you thank him and shake his clammy hand in the end, Barack Obama's natural and authentic -- underscore authentic -- style might've seemed like he wasn't as polished.
No, the president wasn't as energetic as he could've been. Yes, he was far too kind and deferential to an opponent whose entire goal is to roll back every Obama administration achievement. But there was zero chance that President Obama would appear in Denver last night and suddenly reveal himself to be a snappy, idealized Aaron Sorkin character. Furthermore, many of my friends on the left lapsed back into this weird chronic amnesia in which they forget how Barack Obama carries himself, how he debates and who he is. With a few exceptions, the Obama you watched last night was the same Obama we watched win all three debates against John McCain four years ago, say nothing of all of the various town halls, press conferences and Question Time forums he's hosted. He's thoughtful and deliberate and, yes, he sometimes stammers during pauses, but that's no reflection on his leadership qualities or unrivaled intelligence. For the most part, this is how he's always comported himself. The problem, however, was that it might've come off as too deliberate and thoughtful when contrasted against Romney's caffeinated morning zoo deejay persona.
Speaking of which, let's talk about Romney's performance in terms of what he said.
Romney -- not the president -- made the biggest mistake of the night and almost everyone missed it. The president, in a very effective run, highlighted not only "corporate welfare" for oil companies but he also talked about how corporations receive tax breaks when they ship jobs overseas.
Romney's response to this tax break accusation?
"The second topic, which is you said you get a deduction for getting a plant overseas. Look, I've been in business for 25 years. I have no idea what you're talking about. I maybe need to get a new accountant." In other words, Why didn't I get that tax break when I shipped jobs overseas?
Right there, and on a televised presidential debate, Romney accidentally admitted to shipping jobs overseas -- but claims to have never received such a tax break, obviously when he's shipped jobs overseas with Bain Capital. In an alternate dimension of punditry that isn't an superficial as ours, this might have been the headline today, especially given that American job creation was a central point of debate. Romney appeared on television last night and was tasked with describing how he would create jobs, he ended up copping to eliminating American jobs and sending those jobs to China and elsewhere. Romney needs to be pressed on this point. Over and over and over.
And immediately following that discussion, Romney went on to repeat the tired and universally debunked lie that Obamacare "cuts" $716 billion from Medicare.
He also insisted that his tax cuts, which are the centerpiece of his economic plan, wouldn't cost $5 trillion. Of course they do. The Tax Policy Center agrees. This is the guy who fancies himself as the deficit hawk whose convention featured a real-time debt clock, and he's on deck to add another $5 trillion to the deficit. He also said the cuts won't result in tax hikes on the middle class. FactCheck.org wrote, "Experts say that's not possible." And regarding the "six studies" that Romney repeatedly cited as evidence against the massive deficit that his tax plan would create, it's actually five studies, not six. Further:
Two of the five "studies" were blog items. And none of three other studies was nonpartisan: Two were written by Romney campaign advisers and a third was by a former economic adviser to President George W. Bush.
Romney also accused the president of doubling the deficit. This is a super-colossal lie. The president was inaugurated into a $1.2 trillion deficit for 2009 generated by Bush spending requests. The highest the deficit has climbed was $1.4 trillion by the end of that year. In every year since then, the deficit has been cut -- contrary to the wishes of liberals like me.
On top of everything else, Romney continued to be elliptical and deceptive about how he intends to pass a repeal of various unknown tax deductions; how he intends to pass a health care replacement through a potentially hostile Senate after repealing Obamacare, which most of the sitting Democratic senators spent considerable political capital to pass into law; how he intends to replace Dodd-Frank when he knows the tea party Republicans in the House will never vote for new regulations on Wall Street; or how tax cuts will magically create jobs even though businesses are enjoying the lowest taxes in history yet aren't spending the record $2 trillion in cash assets being mysteriously held in reserve.
Mitt Romney, for all of his spastic awkwardness, is clearly a good actor. Most serial liars and matchstick men are Oscar-worthy performers. You don't get this far in a race for the presidency with a record of 20-40 lies per week (that Benen knows of) without being a slick operator. President Obama, for his part, wasn't entirely as mighty as he could've been, but his side of the affair wasn't the disaster some pundits (I'm looking at you, Chris Matthews and Ed Schultz) and, sadly, fellow liberals have claimed.
Adding... Not that this will impact the broader conventional wisdom about who "won," but you should try reading some of the transcript of the debate.

Cross-posted at The Daily Banter.
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BobCesca.com Blog with special thanks to Rockville attorney Kush Arora.


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21 September 2012

Romney: Taxes on the Wealthy Are So High I Paid Extra & Romney's 2011 Tax Return Shows He Paid At 14.1 Percent Rate, Campaign Says 21SEP12

POOR mitt and queen ann, they paid too much in taxes, they're just sayin' ya know? I feel so sorry for them, I'd like to know how it feels to have to pay too much in taxes on an income of almost $14 million for the year....
 
Audio for this story from All Things Considered will be available at approx. 7:00 p.m. ET
 
Mitt Romney and his wife Ann paid $1,935,708 in federal taxes last year on income of $13,696,951, an effective tax rate for the couple of 14.1 percent, the Republican presidential nominee's campaign just reported.
That's in line with statements the candidate made earlier this year that he paid at least 13 percent in each of the past 10 years.
The couple's returns were posted online at 3 p.m. ET.
With the 2011 return, the campaign says, will be "a notarized letter from the Romneys' tax preparer, PricewaterhouseCoopers, LLP (PWC), giving a summary of tax rates from the Romneys' tax returns for the 20-year period of 1990-2009." That, says the campaign, will state that the Romneys' "average annual effective federal tax was 20.20 percent" over those 20 years.
Romney previously released his 2010 returns, but has declined to go back further. The Senate's top Democrat, Harry Reid of Nevada, famously said this summer that he's been told by an unnamed source that Romney paid no income taxes over the past decade and should release returns from more years. Romney rejected that charge, and PricewaterhouseCoopers' statement is a response to it.
But as It's All Politics has previously noted:
"Since 1980 (when Republican Ronald Reagan released just one year of returns) only one party nominee or presumptive nominee other than Romney has released fewer than six years of returns, according to PolitiFact. That was Republican John McCain, who released two years of returns in 2008."
So expect to hear more from Democrats about why they think Romney should give more information.
Update at 2:40 p.m. ET. Medical Information Will Be Posted Too:
The campaign says that "in addition to new documents related to tax filings, the campaign will also be posting on the same website physician letters for both Gov. Romney and Rep. Ryan, making public their current state of health."
http://www.npr.org/blogs/thetwo-way/2012/09/21/161555470/romneys-2011-tax-return-shows-he-paid-at-14-1-percent-rate-campaign-says?sc=nl&cc=brk-20120921-1501