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2012 Presidential Election Part 4

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Re: 2012 Presidential Election Part 4

Sub-chapter S corporations file taxes using personal income tax forms. They're small companies, generally just a single owner or maybe a husband-wife tandem, and all profits are taxed on the personal marginal tax rate schedule. So increasing the personal rates on people making over $250K will reduce profits that could be used to roll money back into the business to grow it and thus also grow the economy. Unless that company can afford to organize into and LLC or the like, it would go from an MTR of 36% to 39.6% while its larger competitors use the corporate rate at 35%.

I'll believe that their taxes will be raised when I see it. Even if Obama does get the "rich" tax through Congress (doubtful) they'll be yet another tax break for small businesses created to offset it. You want some breaks on taxes start a company, there's a lot more there then if you're just a working stiff.
 
Re: 2012 Presidential Election Part 4

Ah, the ever-classy Obama campaign rolls out ads in Ohio, white letters on black background: "Romney, not one of us."

That really gives us a great sense of the President's vision for the next 4 years, eh?

"Obama, meet Nixon. Nixon, meet Obama."
 
Re: 2012 Presidential Election Part 4

I'll believe that their taxes will be raised when I see it. Even if Obama does get the "rich" tax through Congress (doubtful) they'll be yet another tax break for small businesses created to offset it. You want some breaks on taxes start a company, there's a lot more there then if you're just a working stiff.
Would you care to enumerate any of those deductions? Or are you talking about long-time standard GAAP expense items and misconstruing them as deductions?
 
Re: 2012 Presidential Election Part 4

Would you care to enumerate any of those deductions? Or are you talking about long-time standard GAAP expense items and misconstruing them as deductions?
You don't even have to earn any money as a small business to get deductions, every small business is a free flow of money and its all tax free.
 
Ah, the ever-classy Obama campaign rolls out ads in Ohio, white letters on black background: "Romney, not one of us."

That really gives us a great sense of the President's vision for the next 4 years, eh?

"Obama, meet Nixon. Nixon, meet Obama."

This is what you're resorting to? White lettering on a black background? Tell me Fishy, what does Obama living in the "White" house signify?
 
Re: 2012 Presidential Election Part 4

The Flipster can't even get the Salt Lake Tribune to endorse him: Tribune endorsement: Too Many Mitts

---Nowhere has Mitt Romney’s pursuit of the presidency been more warmly welcomed or closely followed than here in Utah. The Republican nominee’s political and religious pedigrees, his governorship of a Democratic state, head for business and the bottom line all inspire admiration and hope in our largely Mormon, Republican, business-friendly state.

But it was Romney’s singular role in rescuing Utah’s organization of the 2002 Olympics from a cesspool of scandal, and his oversight of the most successful Winter Games on record, that make him the Beehive State’s favorite adopted son. After all, Romney managed to save the state from ignominy, turning the extravaganza into a showcase for the matchless landscapes, volunteerism and efficiency that told the world what is best and most beautiful about Utah and its people.

In short, this is the Mitt Romney we knew, or thought we knew, as one of us.

Sadly, it is not the only Romney, as his campaign for the White House has made abundantly clear, first in his servile courtship of the tea party in order to win the nomination, and now as the party’s shape-shifting nominee. From his embrace of the party’s radical right wing, to subsequent portrayals of himself as a moderate champion of the middle class, Romney has raised the most frequently asked question of the campaign: "Who is this guy, really, and what in the world does he truly believe?"

The evidence suggests no clear answer, or at least one that would survive Romney’s next speech or sound bite. Politicians routinely tailor their words to suit an audience. Romney, though, is shameless, lavishing vastly diverse audiences with words, any words, they would trade their votes to hear.

More troubling, Romney has repeatedly refused to share specifics of his radical plan to simultaneously reduce the debt, get rid of Obamacare (or, as he now says, only part of it), make a voucher program of Medicare, slash taxes and spending, and thereby create millions of new jobs. To claim, as Romney does, that he would offset his tax and spending cuts (except for billions more for the military) by doing away with tax deductions and exemptions is utterly meaningless without identifying which and how many would get the ax. Absent those specifics, his promise of a balanced budget simply does not pencil out.

If this portrait of a Romney willing to say anything to get elected seems harsh, we need only revisit his branding of 47 percent of Americans as freeloaders who pay no taxes, yet feel victimized and entitled to government assistance. His job, he told a group of wealthy donors, "is not to worry about those people. I’ll never convince them they should take personal responsibility and care for their lives."

And what of the president Romney would replace? For four years, President Barack Obama has attempted, with varying degrees of success, to pull the nation out of its worst financial meltdown since the Great Depression, a deepening crisis he inherited the day he took office.

In the first months of his presidency, Obama acted decisively to stimulate the economy. His leadership was essential to passage of the badly needed American Recovery and Reinvestment Act. Though Republicans criticize the stimulus for failing to create jobs, it clearly helped stop the hemorrhaging of public sector jobs. The Utah Legislature used hundreds of millions in stimulus funds to plug holes in the state’s budget.

The president also acted wisely to bail out the auto industry, which has since come roaring back. Romney, in so many words, said the carmakers should sink if they can’t swim.

Obama’s most noteworthy achievement, passage of his signature Affordable Care Act, also proved, in its timing, his greatest blunder. The set of comprehensive health insurance reforms aimed at extending health care coverage to all Americans was signed 14 months into his term after a ferocious fight in Congress that sapped the new president’s political capital and destroyed any chance for bipartisan cooperation on the shredded economy.

Obama’s foreign policy record is perhaps his strongest suit, especially compared to Romney’s bellicose posture toward Russia and China and his inflammatory rhetoric regarding Iran’s nuclear weapons program. Obama’s measured reliance on tough economic embargoes to bring Iran to heel, and his equally measured disengagement from the war in Afghanistan, are examples of a nuanced approach to international affairs. The glaring exception, still unfolding, was the administration’s failure to protect the lives of the U.S. ambassador to Libya and three other Americans, and to quickly come clean about it.

In considering which candidate to endorse, The Salt Lake Tribune editorial board had hoped that Romney would exhibit the same talents for organization, pragmatic problem solving and inspired leadership that he displayed here more than a decade ago. Instead, we have watched him morph into a friend of the far right, then tack toward the center with breathtaking aplomb. Through a pair of presidential debates, Romney’s domestic agenda remains bereft of detail and worthy of mistrust.

Therefore, our endorsement must go to the incumbent, a competent leader who, against tough odds, has guided the country through catastrophe and set a course that, while rocky, is pointing toward a brighter day. The president has earned a second term. Romney, in whatever guise, does not deserve a first.--
 
Re: 2012 Presidential Election Part 4

Oh and there's this:
<iframe width="420" height="315" src="http://www.youtube.com/embed/5yR_Mn4Skt4" frameborder="0" allowfullscreen></iframe>
 
Re: 2012 Presidential Election Part 4

The Flipster can't even get the Salt Lake Tribune to endorse him: Tribune endorsement: Too Many Mitts

Who cares? Who, nowdays, bases their vote for president in whole or in part, on newspaper endorsements?* Or anybody's endorsement, for that matter?

"Oh, wow, Jack Nicklaus endorses Romney, count me in."

"Oh, wow (fill in the name of any hip hop artist) endorses Obama, count me in."

*Iran is being "brought to heel?" Really? In what universe?
 
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Re: 2012 Presidential Election Part 4

This is what you're resorting to? White lettering on a black background? Tell me Fishy, what does Obama living in the "White" house signify?

A dreadful mistake, which it's not too late to correct. Is it surprising that the Kool-aid drinkers, with the momentum moving away from them, would resort to their default position?
 
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Re: 2012 Presidential Election Part 4

Agreed. People generally don't care much about endorsements anymore. It's not like the old days, when the local newspaper (along with the evening news) was the main source of information. They only have a small portion of the clout they once did. But, hey, in a tight race, an endorsement here and there and you never know if it might tip a few voters one way or another.
 
Re: 2012 Presidential Election Part 4

Agreed. People generally don't care much about endorsements anymore. It's not like the old days, when the local newspaper (along with the evening news) was the main source of information. They only have a small portion of the clout they once did. But, hey, in a tight race, an endorsement here and there and you never know if it might tip a few voters one way or another.

Possibly. But Mitt Romney, LDS minister, savior of the SLC Olympics, donor of millions of dollars to BYU, in Utah? That endorsement won't move ten votes, if that.
 
Re: 2012 Presidential Election Part 4

Possibly. But Mitt Romney, LDS minister, savior of the SLC Olympics, donor of millions of dollars to BYU, in Utah? That endorsement won't move ten votes, if that.
That's why I said "in a tight race." I don't think Utah is considered a tight race, even by Scooby or Rover.
 
Re: 2012 Presidential Election Part 4

His Binderfullofadozenwomenthatwillworkforscrapsness has the Polygamy State wrapped up.
 
Re: 2012 Presidential Election Part 4

Possibly. But Mitt Romney, LDS minister, savior of the SLC Olympics, donor of millions of dollars to BYU, in Utah? That endorsement won't move ten votes, if that.

And since Mitt and his people can convert folks to the Republican party after they die, he'll have that edge too.
 
Re: 2012 Presidential Election Part 4

His Binderfullofadozenwomenthatwillworkforscrapsness has the Polygamy State wrapped up.
Pioneers they are (were?)!!!!

Remember Sheik Ilderim: One wife? One God, that I can understand - but one wife! That is not civilized. It is not generous.
 
Re: 2012 Presidential Election Part 4

Just heading home from work (only a 15hr day today. Since I didn't get here on my own, who do I beetch to about my hours?) and trying to decide who to watch tonight. The Lions or The Liars. Will probably opt for the Lions. At least with them there is a chance, albeit a very slim one, that I might not get disappointed or po'd.
 
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