Bad Deeds for 6-12-2011

 

Republicans Putting Up Fake Democrats to Run in Wisconsin Recall Elections – The Republican Party of Wisconsin admitted Monday that they planned to run candidates as Democrats in this summer’s recall elections. Earlier this month, the Wisconsin Government Accountability Board Tuesday approved recall elections for three Republicans, bringing the total number to six. At the same time, the nonpartisan election officials put the recall elections of three Democrats on hold. By running their own Democratic candidates, Republicans will force the July 12 recall elections to become Democratic primaries. The general elections would be moved to Aug. 9.

 

“Businessman” Mitt Romney Has Cost Thousands of Workers Their Jobs – In 2008, as he is doing this year, Romney was touting his experience as a businessman. And, in 2008, as he has already done this year, Romney was imploring voters to reject “lifetime politicians” who “have never run a corner store, let alone the largest enterprise in the world.” In January of that year, the Boston Globe reported that despite recent campaign pledges “to beleaguered auto workers in Michigan and textile workers in South Carolina to ‘fight to save every job,'” Romney did not have a reputation as someone who fought to save jobs.

“Throughout his 15-year career at Bain Capital,” the Boston Globe reported, “which bought, sold, and merged dozens of companies, Romney had other chances to fight to save jobs, but didn’t. His ultimate responsibility was to make money for Bain’s investors, former partners said.” n a piece titled “Romney’s Fortunes Tied to Business Riches,” the New York Times’ David D. Kirkpatrick reported that Romney “made his money mainly through leveraged buyouts – essentially, mortgaging companies to take them over in the hope of reselling them at big profits in just a few years. In June 2007, Eric A. Kris, a former Bain Capital partner, told the New York Times that “Mitt ran a private equity firm, not a cement company. He was not a businessman in the sense of running a company. He was a great presenter, a great spokesman and a great salesman.” A salesman selling us what?

Romney’s business has made him extraordinarily wealthy and has cost thousands of workers their jobs, and, in some cases, left some stockholders holding worthless paper.

 

Richest Americans Get $1.4 Million Tax Cut in Pawlenty Plan – The top 0.1 percent of U.S. taxpayers would save an average of $1.4 million in taxes under the economic plan of Republican presidential candidate Tim Pawlenty, according to an independent analysis.

Pawlenty’s $11.6 trillion tax-cut plan, which reduces rates on income, capital gains, interest, estates and dividends, is almost three times larger than the proposals endorsed by House Republicans.

Compared with current tax policy, 63.6 percent of U.S. households would receive a tax cut, with most of the remainder experiencing no change. Almost half of the benefits would flow to taxpayers in the top 1 percent of income distribution, or those earning more than $593,011.00 in 2013.

“It’s heavily weighted toward benefits for the wealthy, giving big tax cuts for the wealthy, and it makes the tax system much less progressive,” said Roberton Williams, a senior fellow at the Tax Policy Center in Washington.

In a June 7 speech, Pawlenty called for cutting the top individual tax rate to 25 percent from 35 percent and reducing the top corporate rate to 15 percent from 25 percent. He proposed eliminating taxes on capital gains, dividends, interest and estates and allowing “small businesses” that currently pay taxes at individual rates to pay at the corporate rate.

 

The Republican Plan: Cuts for Everyone!

Tax cuts for the rich – cuts in services[, jobs, and safety net] for everyone else.

Regards,

Jim