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November 23, 2012
I care more about my country than I do about a 20-year-old pledge…I care a lot more about it than I do Grover Norquist.
Republican Sen. Saxby Chambliss, breaking ranks with the militant anti-tax wing of his party. 41 senators have signed Norquist’s pledge—which is essentially a promise to never, ever vote for any revenue or tax increase—but while the document used to be Republican orthodoxy, its influence is showing signs of crumbling. Chambliss’ colleagues Lindsey Graham, John McCain, and Tom Coburn have all recently called for Republicans to abandon the pledge, as has former governor Jeb Bush. While Norquist is a very powerful figure in DC, he isn’t an elected official. He derives power solely from Republicans’ decision to grant him power, and if their subservience to his demands goes away, so does the bulk of his political influence. source
15:41 // 1 year ago
November 13, 2012
16:51 // 1 year ago
October 16, 2012
I think what grows the economy is that when you get that tax credit that we put in place, your kid can go to college.
Barack Obama, on his support for middle-class income tax deductions. So far, both candidates have tried to appeal to the ability of parents and children to afford college, with Romney pledging to grow Pell grants near the start of the evening.
21:33 // 1 year ago
I’m gonna bring rates down across the board, but I’m gonna limit some deductions for people at the high end.
Mitt Romney, continuing his pull to the center on deductions and taxation. Romney has called for a 20% tax rate across the board, and has in the past suggested that the mortgage income tax deduction might undergo some new limits.
21:29 // 1 year ago
October 5, 2012

Mitt Romney says his 47% remarks were “completely wrong”

  • september When the 47% video leaked last month, Romney said that his comments were “not elegantly stated.” However, he stood by the sentiment behind them:  ”I recognize that those people who are not paying income tax…those that are dependent upon government…I’m not gonna get them.” 
  • october Today, Romney denounced the comments entirely. “I said something that’s just completely wrong,” he told Sean Hannity. “My life has shown that I care about 100 percent. And that has been demonstrated throughout my life. And this whole campaign is about the 100 percent.” source
1:45 // 1 year ago
September 27, 2012
Every few days he keeps on saying he’s going to reboot this campaign or they’re going to start explaining very specifically how this plan’s going to work, and then they don’t. They don’t say how you’d pay for $5 trillion in tax cuts that are skewed towards the wealthy without raising taxes on middle-class families. They don’t explain how you’d spend two trillion [dollars] more on military spending that our military hasn’t asked for without having you foot the bill. The math doesn’t add up.
President Obama • Attacking Republican presidential nominee Mitt Romney, for announcing yet another campaign reboot, during his speech at rally in Hampton Roads, VA this morning. The President continued to slam the Republican presidential nominee over what he calls a lack of “economic patriotism,” a term that he debuted yesterday in a new political advertisement, and continued his push for higher taxes for millionaires.  “My opponent thinks it’s fair that somebody who makes $20 million a year like him pays a lower rate than a cop or a teacher” said President Obama, adding, “I don’t think that’s fair.” source
17:12 // 1 year ago
September 19, 2012

Individual mandate to hit 6 million Americans

6M Americans per year will pay a penalty under the Affordable Care Act’s individual mandate, according to a new CBO estimate

$8B in additional revenue per year will be collected via these penalties source

17:35 // 2 years ago


We checked into Mitt Romney’s assertion that 47% of Americans don’t pay taxes and are “dependent on government.” 

While it’s true that about 46% of Americans don’t pay federal income taxes, only 18% don’t chip in something in the form of payroll taxes. 

Here’s a detailed breakdown of who pays taxes, who doesn’t and why

In which a light burns bright on the “47 percent” claims. (Side note: Nate Silver isn’t sure the controversy will actually hurt Romney in the polls. “The news media often jumps the gun in declaring events to be ‘game changers’ when they later prove to little effect on the numbers,” he writes.)

(via thedailyfeed)

10:14 // 2 years ago
September 5, 2012
19:26 // 2 years ago
September 4, 2012
Our platform calls for a balanced deficit reduction plan where everyone, from elected leaders to the wealthy and super-wealthy, pay their fair share. And when your country is in a costly war, with our soldiers sacrificing abroad and our nation facing a debt crisis at home, being asked to pay your fair share isn’t class warfare; its patriotism.
Newark’s Mayor Cory Booker • Delivering a speech to the Democratic National Convention tonight,  in an adamant and impassioned style that provoked chants of both “USA, USA!” and “CORY, CORY!” The speech drew no comparisons between the President and his GOP rival Mitt Romney, and that’s not surprising – the Cory Booker political brand, much like Obama himself while a candidate in 2008, is built on a relentless positivity. There are plenty of Democratic figures who will make pointed attacks on Romney, but that wasn’t Booker’s role. Rather, his job was to deliver an affirmative speech, and launch the convention with a little electricity. source
19:34 // 2 years ago