A growing number of Republicans are cautioning that extreme statements by the 2012 presidential candidates will hurt the party’s chances of winning in 2012. Mississippi Governor Haley Barbour has joined a group of Republicans who think that the candidates’ reliance on personal attacks will damage the party’s image. Even one of the candidates, Newt Gingrich, has spoken out against such pettiness, comparing some of the debate bickering to “some cafeteria in the seventh grade” the Atlantic reports.
When you put President Obama’s jobs plan up against the GOP proposal, there is not even a competition, reports the Los Angeles Times: “Obama’s American Jobs Act would raise economic demand and boost employment, while Republicans’ Jobs Through Growth Act would do little except protect corporate profits.” The Obama program, which is comprised of infrastructure spending, temporary payroll tax cuts, and extended unemployment coverage, would create 1.3 million jobs in the first year and raise GDP growth by 1.25 percentage points. By contrast, the GOP plan protects corporate profits by cutting the corporate tax rate, attacks unions, and repeals important financial regulations.
Rick Perry, Herman Cain, and Mitt Romney have all advocated for a regressive “flat tax” scheme that would tax everyone under the same rate. A simple flat tax might sound good on its face, but the details of such plans uncover a bad tax plan that hurts the middle class. I<any will see their net tax rates rise under the Republican plans. Both Cain and Perry’s plans also pose the potential problem of a shortfall in tax revenue. Even with their tax increase on the middle class, their flat taxes would bring in less revenue the Las Vegas Sun reports.
A Washington Post editorial calls GOP Presidential hopeful Rick Perry’s “flat tax” scheme, “less simple or fair” while leading to greater deficits. Read more about it in today’s Washington Post.
Hitting rock bottom: Alabama is also now requiring “proof of U.S. citizenship” before issuing library cards, ThinkProgress reports. Alabama’s new draconian anti-immigrant law also makes it a crime for undocumented immigrants to have water in their homes, ThinkProgress reports.
Bad news for “nativists” and know-nothings: A New York Times editorial points out the obvious, that the U.S. economy can’t work without immigrants. Read more at the New York Times.
Chart of the Day: As he so often is when it comes to budgets and basic economics, Republican darling Congressman Paul Ryan is wrong about Americans being upwardly mobile, TPM reports.