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Gender: Female
Hometown: Upstate NY
Home country: USA
Current location: Houston Area TX
Member since: Mon Nov 10, 2003, 06:30 PM
Number of posts: 135,060

Journal Archives

Adviser says Romney to release 2011 tax return by October 15

Source: Reuters

(Reuters) - Republican U.S. presidential challenger Mitt Romney plans to make public his 2011 tax return by October 15, a senior campaign adviser said on Sunday, as President Barack Obama's re-election team pressed its criticism of Romney's decision not to disclose more about his personal taxes.

Romney, a former private equity executive who is one of the richest men ever to run for president, has come under pressure for months from the Obama campaign to release more years of tax returns.

He has released his 2010 tax return and estimates for 2011 but does not plan to reveal more years of returns. In April, he requested an extension from the Internal Revenue Service to file his 2011 tax forms, while estimating his tax liability at $3.2 million for last year.

Ed Gillespie, a senior Romney adviser, indicated the former Massachusetts governor would release the 2011 return by October 15, about three weeks before the November 6 election, but refused to say exactly when.

"Look, October 15 is the deadline for the IRS on an extension. We have said as soon as they're ready we're going to release them. And I believe they'll be ready before that," Gillespie told the "Fox News Sunday" program.

Read more: http://in.reuters.com/article/2012/08/19/us-usa-campaign-taxes-idINBRE87G0RN20120819

O'Malley defends Obama, slams Romney on Medicare

Source: Baltimore Sun

O'Malley defends Obama, slams Romney on Medicare

Gov. Martin O'Malley, President Obama's go-to surrogate during the summer election season, slammed Republican candidate Mitt Romney Sunday morning on Medicare and taxes during an appearance on NBC's Meet the Press.


O'Malley, chairman of the Democratic Governors Association, labeled Romney's choice for vice president, Wisconsin Rep. Paul Ryan, as "the leader of the Tea Party Republican Congress" and said the party tickets present a clear choice for the American people.


But OMalley wouldn't let up, saying voters know Romney has engaged in various "tax avoidance schemes" and has been putting his money in offshore accounts and 'betting against the future of the United States."

On Medicare, O'Malley said, "the differences really go to the heart of the country we want to become." He charged that the Medicare changes called for in Ryan's proposed budget would force seniors to pay more for coverage under a voucher-based system.

Read more: http://www.baltimoresun.com/news/maryland/politics/blog/bal-omalley-defends-obama-slams-romney-on-medicare-20120819,0,4551863.story

Ed Gillespie:Says GOP Would Extend Medicare’s Solvency By Raising The Eligibility Age

Earlier this week, Mitt Romney pledged to restore Obamacare’s savings in the Medicare program — a move that would move up the insolvency date of the program’s trust fund from 2024 to 2016.

On Fox News Sunday, Chris Wallace asked Romney senior adviser Ed Gillespie how the campaign would extend the life of the program if the Romney-Ryan reforms won’t kick in until 2023, long after Medicare reached insolvency. Gillespie replied by insisting that a Romney administration would raise the age eligibility to 67:


Numerous studies have shown that booting 65- and 66-year-olds from Medicare would in fact have only modest savings, while raising health care costs across the board for seniors. Though Medicare spending itself would be reduced by 5 percent, the seniors taken out of the system would then have to turn to employers, other government programs and the states, increasing costs. As a result many of the people who would otherwise have enrolled in Medicare would face higher premiums for health insurance, higher out-of-pocket costs for health care, or both.
The Center On Budget and Policy Priorities estimates costs could “total $11.4 billion — twice the net savings to the federal government” in 2014 alone. Medicare’s market power would inevitably suffer as well:


WaPo Editorial: Mr. Romney’s ‘garbage’

By Editorial Board, Saturday, August 18, 5:10 PM

FORMER GOVERNOR Mitt Romney, the presumed Republican nominee for president, promises to lower everyone’s income tax rate without reducing revenue. This sounds terrific. Why didn’t we think of it sooner?

Mr. Romney says that he can achieve this seemingly magical result by “broadening the base” for income tax collection. This, too, sounds great. In principle, everyone favors “broadening the base,” also known as closing loopholes. But everyone favors closing someone else’s loopholes: those of oil companies, say, or of plutocrats who park their money in the Cayman Islands.

Unfortunately, such inviting targets, to the extent they exist, don’t cost the government much in the overall scheme of things. The “loopholes” that cost most are deductions and other tax provisions that most Americans consider sensible, if not God-given, rights: tax breaks for employer-provided health insurance, which according to the Congressional Budget Office will cost $2 trillion over the next 10 years; for pension and retirement savings ($1.8 trillion); for mortgage interest ($1.6 trillion) and charitable giving ($600 billion). Mr. Romney hasn’t said which of these he would trim or by how much.

Recently the nonpartisan Tax Policy Center, a joint venture of the Urban Institute and the Brookings Institution, showed that Mr. Romney’s plan would by necessity help the rich and hurt the middle class. In an interview with Fortune magazine last week, Mr. Romney took strong issue with this conclusion. “They made garbage assumptions and they reached a garbage conclusion,” he said. Contrary to the center’s assumption, he said, he would not take away middle-class tax breaks for “homeownership, charitable giving and health care.”

more: http://www.washingtonpost.com/opinions/mr-romneys-garbage/2012/08/18/d109ac74-e883-11e1-8487-64e4b2a79ba8_story.html

Obama: GOP plan means one percent tax rate for Romney

President Obama will draw a tax contrast with Mitt Romney and Paul Ryan in a speech in New Hampshire today, saying they want middle-class voters to "pick up the tab" for huge tax cuts and saying that Romney himself would only pay 1 percent in taxes under Ryan's plan.

From advanced excerpts of Obama's remarks in Windham, New Hampshire

“The centerpiece of my opponent’s entire economic plan is a new, $5 trillion tax cut, a lot of it going to the wealthiest Americans. And his new running mate, Congressman Ryan, put forward a plan that would let Governor Romney pay less than 1 percent in taxes each year. Here’s the kicker: he expects you to pick up the tab. Governor Romney’s tax plan would actually raise taxes on middle-class families with children by an average of $2,000. Not to reduce the deficit, or grow jobs, or invest in education ­but to give another tax cut to people like him.


‘Multiple Choice Mitt’ or consistent and evolving? GOP presidential candidate is a conundrum


Critics say the father who railed against conservative extremism would hardly recognize the son’s accommodations to those on the right. Or his complete reversal on key issues — abortion, gun control, tax pledges and gay rights — that leave even some supporters scratching their heads about Romney’s core beliefs.

“Multiple Choice Mitt,” Edward M. Kennedy famously dubbed Romney during their 1994 U.S. Senate race in Massachusetts, a charge that still echoes.

Romney doesn’t attempt to explain the changes, other than to say he has “evolved” on issues.

“I’m as consistent as human beings can be,” he told a New Hampshire editorial board last year.


Speaking to the NAACP in July, Mitt Romney said blacks would vote for him if they “understood who I truly am in my heart.” That’s a dubious assertion — his opponent is Barack Obama, after all — but it does raise the question: What is in Mitt Romney’s heart?


NYT Editorial- In Thrall to Sheldon Adelson

Three days after Paul Ryan became the presumptive Republican vice presidential candidate, he made a pilgrimage on Tuesday to the Las Vegas gambling palace of Sheldon Adelson, the casino tycoon who is spending more than any other donor to try to send Mr. Ryan and Mitt Romney to the White House. No reporters were allowed, perhaps because the campaign didn’t want them asking uncomfortable questions about the multiple federal investigations into the company behind Mr. Adelson’s wealth.

Those questions, though, aren’t going away, and neither are the ones about the judgment of Mr. Romney and Mr. Ryan in drawing ever closer to a man whose business background should lead them to back away — fast. By not repudiating Mr. Adelson’s vow to spend as much as $100 million on their behalf, the two candidates seem more eager to keep the “super PAC” dollars flowing than to preserve the integrity of their campaign.

The issues swirling about Mr. Adelson’s business practices are not new and can hardly come as a surprise to the Romney campaign. Last year, his company, the Las Vegas Sands Corporation, announced that it was under investigation by the Justice Department and the Securities and Exchange Commission for possible violations of the Foreign Corrupt Practices Act — specifically, that it bribed Chinese officials for help in expanding its casino empire in Macau. Later, the F.B.I. became involved, and even Chinese regulators looked askance at the company’s conduct, fining it $1.6 million for violating foreign exchange rules, The Times reported on Monday.

Then there’s an unrelated investigation by the United States attorney’s office in Los Angeles into whether the Sands Corporation violated federal money-laundering laws by accepting millions from high-rolling gamblers accused of drug trafficking and embezzlement. The Wall Street Journal reported earlier this month that federal authorities are examining whether the casino should have reported the suspicious funds to the government. Instead, the company accepted $100 million from one of the gamblers and gave him free hotel rooms, plane rides and large lines of credit.

more: http://www.nytimes.com/2012/08/17/opinion/in-thrall-to-sheldon-adelson.html

Ryan Not Exactly a Cash Cow for Romney

NEWSER) – The Romney campaign would like you to believe that picking Paul Ryan as the VP candidate has resulted in a flurry of enthusiastic donations to his cause. The campaign today announced that Romney has raised $10,157,947 online since unveiling his running mate, Politico reports. But Alexander Abad-Santos writes in The Atlantic that if you take a cursory look at the math, that "bump" looks kinda lame.

Romney and the RNC raised around $100 million last month, he explains, which averages to about $3 million per day. So raising $10 million over Ryan's six days on the trail actually represents a slowdown. When John McCain unveiled Sarah Palin, they hit $10 million in half that time. Still, there is one silver lining: Some 68% of the online donors in the past six days have been newcomers, which could indicate that people are excited about Ryan even if they're not giving much. Full analysis here.


Romney Position Changes Recited By 92-Year-Old Ex-Judge/ WWII Vet On YouTube,Hilarious And True Poem

WASHINGTON, Aug. 18, 2012 -- (POEM BEGINS AT 2:26)

(Information from Robert Weiner Associates)

WASHINGTON, Aug. 18, 2012 /PRNewswire-USNewswire/ -- Ninety-two year old former Judge, World War II veteran, and world record masters runner Ralph Maxwell has written and recited a poem on YouTube on Mitt Romney's myriad position changes. The poem is substantive and hilarious with its truths by this nonagenarian.

After outlining Romney's "You flip flop almost ev'rywhere" including heath care, gun control, women's choice, immigration, global warming, minimum pay, stimulus, education, and taxes, he cites stanzas about "plundering" at Bain but "walked away a zillionaire," hiding tax returns, shipping jobs overseas, now he'd "feed the greed of the richest few" and "take an axe to millionaire's tax," among other issues. The poem is 3 ½ minutes by this brilliant and insightful ex-judge. He ends with a rising repeating crescendo calling for "Four More Years!" The title of the poem is "Wherefore Art Thou, Mitt Romney?"

Read more here: http://www.sacbee.com/2012/08/18/4737067/romney-position-changes-recited.html#storylink=cpy

Obama: We've Come Too Far to Turn Back Now


Four years ago as I had the privilege to travel all across this country and meet Americans from all walks of life.

I decided nobody else should have to endure the heartbreak of a broken health care system. No one in the wealthiest nation on earth should go broke because they get sick.

Nobody should have to tell their daughters or sons the decisions they can and cannot make for themselves are constrained because of some politicians in Washington.

And thanks to you we've made a difference in people's lives. Thanks to you there are folks that I meet today who have gotten care and their cancer's been caught. And they've got treatment. And they are living full lives and it happened because of you.

We've come too far to turn back now. We've got too much work to do to implement health care. We've got too much work to do to create good jobs.

We've got too many teachers that we've got to hire. We've got too many schools that we've got to rebuild. We've got too many students who still need affordable higher education.

There's more homegrown energy to generate. There more troops that we've got to bring home.

There more doors of opportunity we've got to open to anybody who is willing to work hard and walk through those doors.

We've got to keep building an economy where no matter what you look like or where you come from, you can make it here if you try.

And you can leave something behind for the next generation, that's what at stake right now Colorado. That's why I'm running for President of the United States of America.

That's why I'm asking for your vote. I still believe in you. And if you still believe in me, and if you're willing to stand with me, and knock on some doors with me, and make some phone calls with me, and talk to your neighbor and friends about what's at stake—we will win this election. We will finish what we started.

And we'll remind the world why America is the greatest nation on earth.

God bless you and God bless the United States of America.
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