TGIF morning’s 4 sort of interesting things


Here’s a slip you’d NEVER make unless you’re thinking the word, or unless you use the word a lot in private conversations…



Because why should the wealthy have to pay the same rates as the rest of us? Romney Campaign Gripes About The ‘Tax Problem’ Created By Romney’s $100 Million IRA — Wall Street Journal the “tax problem” created by Romney’s massive $100 million retirement account: In any case, swelling the IRA to the size Mr. Romney’s reached has “created a tax problem” for the former Massachusetts governor, said a Romney campaign official. Tax-law changes since Mr. Romney’s Bain tenure mean that long-term capital gains in regular accounts now are taxed at 15%. But IRA gains are taxed at ordinary-income rates upon withdrawal, which for Mr. Romney, under current law, would be 35%. “Who wants to have $100 million in an IRA?” said the campaign official. || NOTE: Romney’s own tax plan would alleviate his “problem” by implementing a 20 percent reduction in the top income tax rate. Even before he rolled out the second version of his tax plan, which took his absurd tax cuts for the rich even further, Romney’s tax plan would have cut his own taxes nearly in half.

Exclusive: Paul Ryan Will Endorse Romney — Ryan is appearing on the show of top Wisconsin talk radio host, Charlie Sykes, Friday morning, and Republicans speculated after BuzzFeed reported the endorsement Thursday night that the formal announcement could come Friday morning. The move is also timed to end the Republican contest, coming after another major conservative leader, Florida Senator Marco Rubio, backed Romney. It badly undercuts Santorum’s case that he can rally a conservative opposition to the moderate frontrunner, and is likely to further squeeze the money and political support Santorum has sought to command. The apparent cost of Ryan’s endorsement was Romney’s backing earlier this month for Ryan’s 2013 budget plan, which would cut the top marginal tax rate while reducing spending on Medicare and Medicaid, and shifting the federal health program for the elderly to a private voucher system.

Romney endorsements – FEEL the excitement! — Florida Senator Marco Rubio endorsed Mitt Romney for president yesterday, but you wouldn’t know it if you were listening to him today wherein he said this: “There are a lot of other people out there that some of us wish had run for president — but they didn’t… I think Mitt Romney would be a fine president, and he’d be way better than the guy who’s there right now.” That’s quite a non-endorsement endorsement. “I wish someone else would have run, but they didn’t, so I guess I’m stuck endorsing this guy.” || NOTE: in case anyone dreams that Marco Rubio is proof that the GOP loves, loves, loves (!) Hispanics / Latinos, and Rubio’ll bring those voters into the ‘big’ tent, never forget what the rightwing base-nuts actually THINK about Hispanics / Latinos: If You’re Hispanic, You’re Definitely Not ‘White’


GOP Thwarts Repeal Of Big Oil Subsidies — Even though the major oil companies are turning in world record quarterly profits, today the GOP members of the Senate thwarted a bill to repeal their massive multi-billion dollar tax subsidies. Senate Republicans, including Scott Brown of Massachusetts, today foiled President Obama’s plan to strip $24 billion in tax subsidies from the country’s largest oil companies, potentially fueling an election-year issue among voters disgruntled by escalating gas prices. The 51-47 vote was mostly along party lines. Most Democrats, including Senator John Kerry, voted in favor of eliminating the subsidies but fell far short of the 60 votes needed to withstand a filibuster. […] It’s a win-win for the GOP. They get to pocket millions in Super PAC campaign dough via Big Oil donations AND they get to scream about the high price of gasoline. UPDATE: Think Progress points out: “The 47 senators voting against the bill have received $23,582,500 in career contributions from oil and gas.”

“Republicans could have easily taken the stand of defending the Stand Your Ground laws. They could have said they welcomed an investigation and believed that the investigation would show the truth. But they didn’t do that. Instead, the went after the victim and portrayed him as someone who probably had it coming. This is all we need to know about Republicans and how they approach matters of race. When given an opportunity, they didn’t hesitate for a second to smear a dead kid.” A comment on the article How The Right Deals With A Problem Like Trayvon Martin [image: liberalsarecool]

Missouri Republicans Embrace Birtherism, Pass Bill Requiring Proof Of Citizenship — HB 1046 was introduced by state Rep. Lyle Rowland (R). He explained why he felt the bill was necessary to the St. Louis Post-Dispatch: Rowland, a Republican from Cedarcreek, said he sponsored the bill because he doesn’t think there is enough vetting in the current process, which primarily relies on political parties to verify whether candidates meet all requirements. “This would just provide us with the verifying evidence,” Rowland said. Rowland and other Republicans deny that the bill is in response to charges that President Obama is not a citizen, but state Democrats are unconvinced, calling the timing questionable. “There is a large amount of people out there who don’t think our president if a U.S. citizen,” said Rep. Jacob Hummel (D).


Ezra Klein: Forecast: Republicans to take Senate in 2012 — Alan Abramowitz projects Republicans will keep the House and win back the Senate in 2012. More on his model here. If Obama is reelected, I’m not sure how much this matters: As Republicans are likely to control the House either way, anything that passes will require their agreement whether or not they also control the Senate. The real takeaway is that if Mitt Romney wins, he’s very likely to have a Republican House and a Republican Senate. And you can make major changes to the tax code, not to mention Medicare and Medicaid, through the 51-vote budget reconciliation process. || NOTE: IMAGINE THIS DEBACLE PASSING AS LAW:

  • House Republicans Pass Paul Ryan’s Radical Budget – The House of Representatives today passed the radical Republican 2013 budget, authored by Budget Committee Chairman Paul Ryan (R-WI), by a vote of 228-191. The budget would gut the social safety net, but give so much in tax cuts to the rich and corporations that it would still increase the national debt. 10 Republicans joined all the Democrats in voting no.
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  1. Pingback: “I may not say the n-word all the time, but I do say it a lot of the time.” | Under the Mountain Bunker

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