Categories
Barack Obama Mitt Romney Politics Republican Tax break tax cuts United States White House

President Obama To Offer Tax Breaks To Companies Bringing Jobs Back Home

Report from the The Wall Street Journal

President Barack Obama said he will propose new tax incentives to encourage businesses to “bring jobs home,” a move that could sharpen differences with Republicans in an election year.

Mr. Obama also said Wednesday he would suggest eliminating “tax breaks for companies that move jobs overseas.” Administration officials said details won’t be released until the president issues his proposed budget next month.

In past years, most of the administration’s plans to limit tax breaks for multinationals have stalled amid opposition from businesses and Republicans. Tax experts said the proposals could include new investment subsidies such as more-generous depreciation, lower tax rates for income derived from innovation produced in the U.S. or expanded breaks for domestic research or manufacturing.

Categories
Politics South Carolina

Is Rick Perry Delusional Or Is He Just a Fool

Rick Perry got a massive 5% of the votes in Iowa, then lastnight in New Hampshire, 1% of voters still chose Perry, although he didn’t compete in the state. But instead of doing what other famous quitters like Sarah Palin and now Michele Bachmann have done and gracefully bow out, Perry still think there is hope for the corpse that is his campaign.

“South Carolina is the next stop,” Perry said in his statement. “I have a head start here, and it’s friendly territory for a Texas governor and veteran with solid outsider credentials, the nation’s best record of job creation, and solid fiscal, social and Tea Party conservatism.”

The latest polls from South Carolina show Perry in fifth place with 5 percent support. Romney places first in those polls.

Well, we never accused him of being a math wizard, but someone should advise Mr. Perry that 5% support does not equal a “head start,” nor does it signal “friendly terrority.”

Categories
Mitt Romney Politics Ronald Reagan

Joe Biden on Mitt Romney – He Has No Idea Of The Broken Bargain

In a twenty minutes conference call to New Hampshire Democrats on Tuesday, Vice President Joe Biden and the Obama Administration amplified the 2012 presidential campaign.

Taking direct aim at the Republican frontrunner, Mr. Biden said that Romney’s “I like being able to fire people” comment – although it may have been taken out of context – shows how out of touch Republicans are with the struggles of the working class America.

He thinks it’s more important for the stockholders and the shareholders and the investors and the venture capital guys to do well [than] for those employees to be part of the bargain,” he said.

“We inherited a broken bargain. A deal our parents didn’t have to face. Middle-class folks, if you gave them an even chance, they got to share in the benefits they helped to produce for this country. That bargain was broken during the Bush years and we were determined to fix it.

“Listen to Mitt Romney. He has no idea the bargain even exists, let alone is broken. How else can you say the best way to fix the financial crisis is by letting it all go down to the bottom?”

Greed. It has been the underlining and unmentioned trait of the rich in this country for centuries. And for centuries, because of the negative stigma of greed, a stigma the rich didn’t want to be associated with, working class America felt as though they were part of the solution and shared in the profits they helped create.

Then something happened about thirty years ago. With the election of Ronald Reagan, the me first you never attitude was born and the decline of middle class America begun.

Today, after the Bush presidency, that attitude is in full view for all to see. Greed is no longer considered a negative word, in fact, it is a trait Americans are judged by. It is the dividing line that separates the two political parties, as Republicans believe giving everything to the rich is the only way the middle class would survive while Democrats on the other hand believe that all Americans should have a fair shot at the American dream.

The 2012 election is about a choice that couldn’t be any clearer. Do we re-elect a president who believes that every American must have equal opportunities to make their American dream a reality, or do we elect someone who agrees with the Ronald Reagan and George Bush philosophy that taking from the poor and giving to the rich is all that matters?

With one candidate’s policies we can once again return to a system where the American dream is possible. With the alternative, we can continue the nightmare that Reagan and Bush started.

Categories
Citizens United Mitt Romney Newt Gingrich Politics presidential Republican Rick Santorum South Carolina

Apres-Primary Musings: Mitt Can’t Conquer the Mountain

We are not impressed.

If Mitt Romney can’t muster over 40% of the vote in a backyard state against a field of sub-par candidates with extreme positions on the issues, then he’s not ready yet for his curtain call. Yes, it certainly was a good day for Romney, but not as good as his victory speech would indicate.

He’ll win the nomination, but two things are abundantly clear. The first is that Romney still hasn’t galvanized his party as a candidate, and the second is that Republican enthusiasm is turning out to be somewhat of a myth.

Let’s get to the numbers.

Here’s what I said would happen (left) and here’s what actually happened (right):

Romney      38%        39.4%

Paul            19%        22.8%

Huntsman   16%       16.8%

Gingrich      11%         9.4%

Santorum    10%         9.3%

Roemer         3%         0.4%

Perry             1%          0.7%

As in Iowa, not bad. I seem to have underestimated Ron Paul’s reliable support and overestimated Buddy Roemer’s, but I don’t think I was alone.

If present reports are true, all the candidates are moving on to South Carolina where the PAC-men will be gobbling up money and air time in their quest for Romney’s scraps. This will be Citizens United writ not on the main stage, but as regional summer stock theater. Millions of dollars that otherwise could be spent on more significant pursuits will be sucked down the rabbit hole of ego and vanity. That’s the new democracy at work, and we’d all better get used to it because when the campaign moves to Broadway in the fall, there’s going to be an ad war like no other.

South Carolina is the last stand for Huntsman, Santorum and Perry to be sure unless any of them pull wild upsets and finish in the top 3, and above 20%. Gingrich could stay in if he’s in the top 3 because he now has PAC money and Paul and his minions will stick around for the duration. Romney can claim the nomination with a dominant performance, over 40%, but 30% will be enough to make him inevitable.

Follow the march to the south at facebook.com/WhereDemocracyLives.

Exit mobile version