Tuesday, July 24, 2012

GOP on Taxes: It Gets Worse

GOP on Taxes: It Gets Worse:
Republicans Will Raise Taxes — Just Not on the Wealthy As we discussed recently, Republicans are holding middle class tax cuts hostage in order to give the wealthiest 2 percent of Americans yet another extra tax cut. If that wasn’t bad enough, the Republicans are now affirmatively proposing to raise taxes on tens of millions [...]

Sunday, July 22, 2012

American Crisis: Poverty Rate Highest Since 1960s

The ranks of America's poor are on track to climb to levels unseen in nearly half a century, erasing gains from the war on poverty in the 1960s amid a weak economy and fraying government safety net.

Census figures for 2011 will be released this fall in the critical weeks ahead of the November elections.
The Associated Press surveyed more than a dozen economists, think tanks and academics, both nonpartisan and those with known liberal or conservative leanings, and found a broad consensus: The official poverty rate will rise from 15.1 percent in 2010, climbing as high as 15.7 percent. Several predicted a more modest gain, but even a 0.1 percentage point increase would put poverty at the highest level since 1965.
Why are American politicians ignoring the growing numbers of poor people and refuse to address the issue of poverty?

Tuesday, July 17, 2012

What's Romney Hiding in His Tax Returns?

What's Romney Hiding in His Tax Returns? - Businessweek

National Review Calls for Romney to Release Tax Returns

Romney Dismisses Republican Calls to Disclose Tax Returns

Eugene Robinson: Problems of Mitts Own Making

OK, my hunch is that Romney is hiding something, probably several things, in his tax returns back to 2000-2001.  He probably paid little on no taxes some of those years (2008-2009), he put a lot of money in offshore accounts to avoid taxes, he has over $100 million in an IRA (retirement account) which is questionable if not illegal, he also likely reported income from Bain Capital, during the time he claims he was not connected with Bain at all, and when they "outsourced" a lot of American jobs.

And this is all another reason why Mitt Romney was the worst candidate the GOP could pick in this election (for the GOP).  Romney exemplifies everything WRONG with capitalism today: "collateral debt obligations," "credit default swaps," outsourcing,  growing inequality and poverty, low taxes on the rich while the debt grows, calls for austerity for the working class, but more tax cuts for the corporate rich...  they couldn't have picked a worse candidate (well, there's Sarah Palin, but even she's looking pretty good to the the GOP right now..)

Romney may be toast.. the GOP is panicking.. they may need to withdraw his nomination and choose another candidate at the GOP Convention.  I'm going out on a LONG, SMALL limb and predict now that if Romney is forced into releasing his pre-2010 tax returns, he will NOT be the GOP nominee.

Jim D. Maynard

Republican opposition to the DISCLOSE Act ‘a predictable response’

Republican opposition to the DISCLOSE Act ‘a predictable response’ | The Raw Story