» The “duh” sentence in this story: ”His tax bill is significantly higher than the amount paid by most Americans.” What tipped you off, Wall Street Journal, the fact that there’s “million” in the amount?
Speaker Gingrich had a good week. It was not a great week for me. We spent a lot of time talking about tax returns and the changing result in Iowa.Mitt Romney • Discussing his loss in South Carolina and revealing that he would finally release his tax forms after much goading. His dad, George, famously released his own tax returns when he ran for president in 1968. “I’m not going back to my dad’s year,” Mitt said, but he would (on Tuesday) release his 2010 return and an estimate of his 2011 taxes. We will not be happy until he tells us where his money pit is. source (via • follow)
» Hitting the road: A group of OWS protesters have embarked on this lengthy walk, expecting to arrive in Washington DC on November 23rd, the congressional committee deadline on whether to keep the Bush-era tax cuts extensions President Obama agreed to last year. The Occupy movement, obviously, would like to see these cuts expire; while this would raise the tax burden of middle-income Americans to a remote extent, it would also cause a very large influx of revenue from the class most buoyed by the Bush tax policy — that vaunted 1%. The march consists of a mere dozen or so protesters right now, but they expect (we suspect rightly) to gain large numbers as they work their way towards the capitol.
» And some companies don’t even pay: Two notably large companies that don’t pay any taxes … and in fact owe less than nothing somehow? General Electric and Pepco. (On a side note: DC residents looooooove Pepco, because the power goes out all the time around here.) Both companies defend their businesses practices.
And I’m gonna be getting a bushel basket with apples and oranges in it, cause I’m gonna pay both taxes.
Mitt Romney, taking his own shot at Herman Cain’s 9-9-9 plan, suggesting he’d have to pay both a state and federal sales tax. Romney challenged Cain on specific policy aspects of his plan, and Cain’s response was, essentially, “look at our analysis.” Romney looked good here; he seemed confident and in command of specific policy nuance.
Be sure to check out all the further debate coverage over at DC Decoder!