Did Mitt Romney pay 10% in taxes? 5%? Zero? We don’t know. But we do know that Romney personally approved over $70 million in fictional losses to the IRS as part of the notorious Son of Boss tax scandal. One of the largest tax avoidance schemes in history.
Isn’t it time for Romney to come clean?
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Unless the House of Representatives takes action before January 1, 2013, taxes will go up on 114 million middle-class families. Nearly everyone in Washington agrees that’s a bad idea. That’s why President Obama is calling for — and the Senate has already passed— legislation that will keep the middle class from paying thousands of extra dollars next year.
Republicans in the House of Representatives, however, are refusing to extend middle-class tax cuts without also giving massive tax cuts to the wealthiest 2 percent of Americans. In fact, House Republicans have proposed their own tax plan that would actually raise taxes on 25 million families making less than $250,000, while giving families making more than $1 million an average tax cut of $160,000 next year.
We’ve put together an infographic to help you understand some of the details behind the tax cut extension President Obama is asking Congress to pass, and how it differs with the House Republican proposal. Check it out, and if you agree with President Obama that extending middle-class tax cuts is the right thing to do, share it on your social networks and pass it on to your friends and family.
View the infographic and earn more about it.
“[T]he stakes are big in this election on every issue. On homeownership, my opponent says, let’s just let foreclosures bottom out. That’s his answer. What I’ve said is, let’s let every homeowner refinance at historically low rates, save you $3,000 that you can then spend to restore equity in your home or help your kids go to college. That is good for the economy. It’ll be good for the housing market.
“Mr. Romney wants to reverse the Affordable Care Act—Obamacare. Let me tell you something: Right now, 6.5 million young people can stay on their parents’ plan because of the health care law I passed. Millions of seniors are seeing lower prescription drug costs. We are going to make sure that if you’ve got a pre-existing condition, you can now get health insurance. We’re not going backward. We’re not going to take that away. And we’re certainly not going to follow Mr. Romney’s lead and go back to the days when women didn’t have control of their own health care choices. Women can make their own decisions. We don’t need politicians doing it.
“Mr. Romney thinks ‘Don’t Ask, Don’t Tell’ was a good idea. I think anybody who loves this country should be able to serve this country. That was the right thing to do.
“”Mr. Romney believes in something called self-deportation, thinks Arizona is a model for immigration laws across the country. I think we did the right thing to say that a young person who comes to America—is brought here, is raised here, is friends with our kids, is going to school with our kids, is American in every single way except for a piece of paper should have the chance to be a part of the American family. That was the right thing to do. We’re going forward, not backward.”
—President Obama in Pueblo, Colorado, yesterday
Once again southern New Mexico’s Congressman, Steve Pearce (R-CD2) is on vacation. After working a mere three days this month, Steve Pearce and his fellow Republicans in the House of Representatives have begun yet another five week vacation. Instead of working to bring jobs to his constituents or working to extend the tax cuts for the middle class that are set to expire at the end of the year, Steve Pearce and the Republicans took a vacation.
That’s some nice work if you can get it! For only three days work this month Congressman Pearce will earn $14,500.00, plus benefits, part of his annual salary of $174,000.00 per year. Little wonder that Pearce and his Republican colleagues in the U.S. Congress earn a public approval rating of less than 10%. In fact, they were called the “Worst Congress ever” by the Washington Post.
While Steve Pearce and his fellow Republicans enjoy their high-paid vacations this summer, hard-working people in New Mexico and our fellow Americans wait for action on jobs and the economy, middle class tax cuts, a stalled agriculture bill, action on education, immigration reform, and the environment, and appropriations for public safety.
With Steve Pearce and his fellow Republicans heading off to their five week summer vacation, the job of America’s Congress, once again, isn’t getting done.
Let’s remember that this coming November 6, and vote this do-nothing Congress out of office, and put Steve Pearce back where he belongs. Out on the unemployment line!