3:09 pm ET
Jul 10, 2012


Romney Blasts Obama’s ‘Massive Tax Increase’

    • I cannot believe the government let Murdock buy Dow Jones. He has trashed all the best financial publications in the United States. You can’t get unbiased financial news from any Dow Jones sources anymore.

    • The other day I clicked on a WSJ link to a live press conference AND THE LINK LITERALLY TOOK ME TO FOX NEWS!!!

    • @3:11

      No one says you have to read the WSJ or subscribe get your news from DJ sources. There's an audience for his conservative views, as misguided as they may be

    • hahahahahahahahahahahahahaha. Romney should go live with his money in the Caymans.

    • Market Watch is really getting bad.

    • That's my boy Mitt, you tell them. No new taxes EVER!

    • @3:13


      That scumbag took some of the best sources for financial news in the United States and literally just trashed them. You can’t trust anything you read in Dow Jones publications anymore. Everything has some BS political slant to it.

      Like I said, the idea that a link on the WSJ would take someone to a Fox News window should really raise some red flags.

    • @3:19

      Suggest you turn to the Financial Times or Bloomberg for quality financial news. Murdoch wanted the WSJ to compete directly with the NYT as a general interest newspaper that can drive daily national conversation (which IMO hasn't been able to achieve as consistently as the NYT).

    • “Murdoch wanted the WSJ to compete directly with the NYT”

      It’s called The ****WALL STREET**** Journal. If he wants it to be a Fox News style general interest rag he needs to change the name.

    • What the President didn’t say in his speech yesterday is far more important than what he did say. The 2% Social Security tax break that has been on the books the past few years is going to expire. When it does, every worker’s paycheck is going to get hit by 2%.




    • So is this what we have to look forward to on the WSJ?


    • This tax increase will be massive! MASSIVE!

      I won't have to pay anything, of course. My mysterious blind trust gatekeeper will see to that. Whoever he is.



      Check out the headline on the lower right:

      "Pollution to thank for lush US forests?"

    • I agree that taxes more people making more than $250K should not be increased...but it is a bad move for Romney. Only 1% of America makes more than $250K.

      BTW, Romney, please share your tricks and fraud ways by which you moved your money in Swiss and Cayman accounts? I want to do the same. I guess is future President does it, then it will be the new NORMAL!!!!!! HAHAHAHAHHAHAHAHHAHA

    • Ok, Anonymous, you are the SAME person, basically a troll. It isn't going to work. You are not that bright. If you don't like the WSJ, then go read something closer to your IQ level, maybe the comics.


      The washington wire never claims to be an unbiased bastion of truth. I don't know what you guys are complaining about.

    • Mitt didn't actually move his money to the Caymans or Swiss. He has an account that is managed by investment advisers and apparently they do the same diversification strategy for their wealthy clients.

      It is not illegal to have money in other banks. Even you could put your money in a Cayman Island account.

      Man, where are the intelligent people nowadays? Man, no wonder our country is in trouble.

    • It’s the whole publication. I want answers on why a link on the WSJ opened to a Fox News window.

    • Release your tax returns, Willard.

    • Didn’t Murdock say that he would keep them separate? Was that promise not why the deal was allowed to go through in the first place?

    • Hey Jeff, who cares if Romney doesn't release his tax returns? He doesn't have to do it until he is the official nominee anyway, or even the President. Right now, he is a private citizen.

      And how come Debbie Washermouth Schultz refuses to release her tax returns? Hypocrite much!

    • Anonymous at 3:36. Well first of all, what difference does it make if it had a link to Fox News?
      Second, I can't find any link to Fox News in this article.
      Third, would you prefer they link to Media Matters, or the Communist Daily?

    • foxnews should be added to the state department's list of terrorist organizations

    • Mitt Romney has not written the current Tax Code so any comment about his blind trust and the taxes or deductions those trustees make is limited point to bring up. Blame the Tax Code on Obama and the credits that he and congress keep giving corporations. Loop holes for loop holes. if you liberals want to complain, Obama should actually listen to the advice of the simpson-bowles commission he put together. Real Reform and less deductions lower rates and more predictability for companies. But he won't listen to them because they actually reform the entitlement programs and make real cuts so liberals don't want to offend their base. It would be nice if everybody actually paid taxes on April 15th and not just 50% of us. GE paid $0 Income Taxes with Net Revenue in the Multi Billions. He was Obama's Job Czar or something like that. Who is protecting who? Liberals don't want the trickle down effect because that means people will actually be responsible and independent with their money and Obama and liberals want to take it and spend it because they know better. Wake Up. Vote them out in November!!!

    • @Mary

      May I suggest appropriate reading material for you - the NY Post. It has rabid conservative views and is written at a 4th grade reading level which would should suit you just fine

    • Before this election is over, we're all going to need earplugs, blinders and perhap an extended supply of anti-nausea medication! I am likely to have to pay additional taxes if the President gets his way. I don't like it, but if that's the price we pay for living in a democracy, so be it. The truth is that the last time this country had a budget surplus, Mr. Clinton was the president. Then, we had eight years of "cut, borrow and spend" while kicking the can down the street for future generations to worry about. Let's stop with the hyperbole, name calling and invective and get down to providing real solutions for more than 300 million Americans. It amazes me that 545 elected representatives and congressmen along with the executive branch forget how many of us there are.

    • @3:26

      Murdoch needs to keep the brand name WSJ (it's all about the branding). The Fox News Journal would not have the same appeal to the wider general population.

    • Where did the GOP find this guy on Craigslist man to man?

    • Deficits don't matter.

      Which is why I like Mitt.

    • We report - on paper. You decide whether to read it or use it to liine your birdcage.

    • hey "informed" you forgot state and local taxes as well as the big one, payroll taxes which just recently contributed more to federal revenues than federal income taxes. payroll taxes disproportionately fall on the middle/low class. so much for being "informed" http://www.cbpp.org/cms/index.cfm?fa=view&id=3505

    • Yea Buddy, Send them manufacturing jobs to Mexico and China in the late 80's and early 90's sell out to mega corp. then blame it on the Mom and Pop corner grocery and the UPS truck drivers . Right I believe everything this guy says NOT! I'd believe little Sarah Palin before I believe anything this guy says at least i can tell when she's lying. Looks to me they scared of running out of spending cash for well drinks on the 19 hole at the golf club.

    • Deficits don't matter - unless our guy isn't in charge. Then they do matter.

    • @3:46

      That’s exactly my concern. How many people are aware that the WSJ has been transformed into a Fox News clone?

      Maybe you right wing nut jobs don’t care about American anymore, but I for one want answers as to why one of the most important 4th estate financial publications has been allowed to be trashed!!!

    • WOW! This place is full of arrogant, hypocrites! I see an article for once about a candidate OTHER THAN Obozo and the lefties come unglued! Aren't you guys satified with NYT, ABC, MSDNC or even NPR??? Just go away and have your clusters somewhere else. Maybe your Huff'n'puff Post...

    • Yea I know us folks born after 1959 can get by washing windows with Orange peel organic window cleaner and work keeping records. So the MAN here can have daffodils on his POWER lunch table on the sidewalk of a NY NY Bistro.

    • Hey Mittens, the tax cuts were meant to be temporary. Yes, even for the "job creators".

    • How about a career as a 'Board Op' for Murdock's FOX Corp for minimum wage for the rest of your days. Switching the controls so the TV broadcast , Give up and submit don't try to better yourself or your FIRED!

    • @3:59

      Not many I'm sure. And the simple answer is that the Bancroft family, which previously owned or controlled Dow Jones, sold it to News Corp. As new owners, they can do pretty much whatever they want with the publication notwithstanding any of the promises given as part of the purchase.

      Turn to Bloomberg for your news. They have pretty hot financial journalists too.


    • I am so proud that Mitt is telling it like it is. This country needs a President who is not only willing but feels duty bound to tell the truth!

    • It’s not just the WSJ; it’s the whole Dow Jones family. Did you see the editor in chief of Market Watch is leaving?

    • @4:07

      You mean the truth as he sees it, or what he thinks you want to hear

    • Quoting: Mitt didn’t actually move his money to the Caymans or Swiss

      Got a love u. I am millionaire...I want to learn all tricks and fraud ways that he used to move his around....If US President is evading taxes then ...HELLO!!!!!!!

      Look, people forget basic principle of taxes. Romeny made his billions in the United States!!! If you as a Presidential Candidate..move your money around to not pay US taxes...then that is wrong (YEAH...legally he might be correct...but HEY!!!! your Presidential candidate is a pro at using Tax Loopholes!!!!!)


    • I'm angry Naw! But I see I am making your hairdresser angry lol. I see people projecting their feelings upon me. That just goes to show me how invalid their opinion is and how incredibly immature they are and how they can not be trusted to make decisions not even for themselves let alone others. Their speech is riddled with profanity and insults and school yard put downs that have no place in the topic .

    • Predident Obama is right to tax millions by another 1-2%, even Jesus didn't like wealthy people.

    • Mary, Ellen...are you the same?
      Ellen wrote :
      Hey Jeff, who cares if Romney doesn’t release his tax returns? He doesn’t have to do it until he is the official nominee anyway, or even the President. Right now, he is a private citizen.


    • Predident Obama is right to tax millions by another 1-2%, even Jesus didn't like wealthy people, and said so in many places in Bible.

    • Mr. Romney won't release his taxes because it probably doesn't show him in the best light. Like how many Americans can relate to his wealth. They might relate to his his work ethic and aspire to be successful, but probably not his perfect hair or slim waist. Face it, most older Americans are bald and overweight.

    • I love how Anonymous likes to play "Telephone Tough Guy". Is it too hot for OWS now? They would love to change the world if only perfect weather would let them. Oh well, they can use their parents internet connections to sit and stir the paot all afternoon. Wait, it's 4:20...he won't respond for the next 15 min while taking a pot break.

    • Terry330, you are basically incorrect. The statements made in the NT were that love of money, rather than money itself was an evil.

    • @Terry330: It's not another 1-2%, and it's not (just) millionaires. It's 30-40% and it's middle class job creators. Even Obama's own economist agree that it won't increase revenues, and will worsen the recession.

      @MariILOVEU: Romney has already released his tax returns. When will Obama release his (real) birth certificate and his college records?

      @MaryLover: It's not Romney, but prominent Democrats (e.g. Buffet, Rangel, Geithner, Kennedy, Kerry, etc.) who are evading taxes.

      Most of "the 1%" are either Democrats or support the Democrats, because they know that (despite the rhetoric), the Democrats will rob the middle class and exempt their wealthy friends.

    • Look, there is NO math or science that can explain how Romeny's IRA can grow into hundreds of millions of dollars. IRS allows you to invest only upto 15K per year, if you multiple that by 30 years, it is only 450,000 dollars. HOW CAN IT BECOME HUNDREDS OF MILLIONS OF DOLLARS... IT CAN IT BE ONLY IF U HAD 10000000% PORTFOLIO GAINs... which is impossible...there is only ONE WAY....SOME KIND OF FRAUD AND CRIMINAL VALUATION AND REVALUATION OF PORTFOLIO.

      OR...Maybe Romeny knows the magic....PLEASE SHARE IT WITH US...we all would love to make hundreds of millions of dollars in our IRA...it will all world food problem

    • Quoting previous comment: Romney has already released his tax returns

      BUDDY WE ARE NOT fools...Romney last three year returns were created for public display...they were crafted and designed for it. Real meat is in the old returns...when he was moving money around....

    • "Mr. Romney said. “I just don’t think this president understands how our economy works.”

      He needs to get his statements right, "I just don't think this president understands how ANY economy works.

    • LOL jealous? maybe that's why you don't have money, I wouldn't be surprised if you were probably on gov't handouts...there's nothing that says you can't have more or put more into an IRA than what the IRS limit is...you just have to pay the taxes on it

    • If government were a business, they would be charged with defrauding customers.

      What business gets away with charging some customers more than others for their service? Maybe JiffyLube would charge one price for a oil change if you make less than $200K and a higher price for the same oil change if you make more than $200K.

      Unfortunately, government IS a business, providing the service of regulating interstate commerce, defending the nation, and regulating international affairs. But, they can charge anything they want.

    • @4:19
      Fine, you just sit there while all of our fourth estate publications are bought up by a person that is under investigation in Europe for corruption. This is serious stuff and needs to be treated as such. If all our media is tainted by this scumbag, where will Americans turn for honest information about our government and financial institutions?

      We already have politicians that won’t even go on a regular interview anymore (instead choosing to only go on Fox). You want a scary thought? Picture one of these nut jobs that only go on Fox News getting elected president. Do you have any idea how much damage a Sarah Palin presidency could do to the United States, and the world, with help of Fox News?

    • Boo hoo...he's got more than I do...wa wa wa, he must have committed a crime....weeeee

    • The problem for Romney is that he made MILLIONS OF DOLLARS ON OUTSOURCING JOBS. Obama didn't make any money on this.

    • Not releasing documents? Maybe he has something to hide. Of course he has provided those required by the election .

      But, then the same could be said of Obama & Holder on the Fast & Furious withholding documents. What do they have to hide?

    • @Mary wrote :
      LOL jealous?

      Nope...I am not on handouts. I am self made multi millionaire...only 30 years old!!! Very proud of myself!!! I did not make money by climbing corporate ladder but my own business and working hard day in day out!!!!

      Look, I am not sure why anyone would be so comfortable with Romney having secret accounts. Imagine, what message will it send to the next generation...."EVERYBODY SHOULD HAVE SECRET SWISS ACCOUNTS BECAUSE US PRESIDENT IS ALSO HIDING HIS MONEY THERE"

    • @4:32

      Aren't you overreacting? There are other sources for news, like the NYT

    • Ah, you have a crush on Erin Burnnett. That is so special

    • @4:42

      Really, the NYT’s now controls a large portion of an entire sector’s news? Would you be comfortable with Murdock buying Bloomberg too? Then he would control all United States financial news. There are rules that state a company cannot control a certain number of publications in a given geographic area. We need to expand that to include sectors as well.

    • We should ask Romney if he is willing to not lower taxes for Billionaires and see what his answer is. I think we know the answer, he would lower taxes for everyone and raise defense spending and balance the budget. Yeah right. When will this crap stop. We can't increase spending on the military, lower taxes and balance the budget unless you are Romney. He did it at Bain. He paid lower taxes on his earned interest, he increase spending with debt increases to the affected companies and laid off workers.

    • Ok folks, what part of being globally competitive don't you understand? Raise taxes on wage earners or companies and they will leave. Here's how Switzerland is moving jobs into their country:

      A KPMG survey of international corporate tax found that, despite the economic downturn, the average top rate had fallen from 25.44% in 2009 to 24.99% this year.

      Switzerland has for years sought to attract global firms by offering competitively low corporate tax rates.

      Swiss cantons that set their own rates compete to attract European headquarters or holding companies within their borders. Smaller cantons, such as Zug or Schwyz, have been particularly successful with their campaigns.

      Appenzell Outer Rhodes and Obwalden are the most competitive with 12.7% (local, cantonal and federal rates combined), followed by Appenzell Inner Rhodes at 14.2%. Geneva offers a relatively expensive rate of 24.2%, Vaud 23.5% and Zurich 21.2%.

      The mean 18.8% rate of all cantons compares with 40% in the US, 33% in France, 29.4% in Germany, 28% in Britain, 17% in Singapore and 12.5% in Ireland.

      Several multinational firms, such as food manufacturer Kraft, Ebay, Procter & Gamble, Microsoft, Dow Chemicals and Google have set up or been expanding operations in Switzerland in the past few years.

    • Obama's "massive" tax increase? Are you kidding me. The GOP will get right down in the gutter rather than deal honestly with the situation.

      The WSJ has lost ALL it'd credibility with this Opinion page. Bias, bias and more bias.

    • So maybe if multinationals don't want to pay taxes anywhere they are too big to exist. Since every nation on the planet is in huge debt and all of their entrepreneurs are being put out of business by big boxes just like here. Maybe multinationals should just cease to exist.

    • " Raise taxes on wage earners or companies and they will leave."

      I hear this garbage all the time. It has to be the worst logic I have ever heard. If someone is shoplifting from your store (AS MANY OF THESE TREASONOUS SOB’S THAT OFF SHORE JOBS AND DON”T PAY TAXES ARE) should you lower your prices? He** no!!! You catch the MF doing it, and you send them to jail!!!
      I say let them go. There are a million others that would jump at the opportunity to take their place.

    • Or maybe they are just such special citizens that the whole world should treat them like celebrities, rent free, ports free, shipping security free, etc., etc.

    • @4:53

      Mayor Bloomberg isn't going to sell his company (nor could News Corp acquire it) and I believe the Fox Business News Channel is barely registering on the radar (CNBC is still the leader). There are other sources of financial news out there who are also out-competing him.

    • Obama "rolling back" tax rates on the "rich" will not solve anything. The revenue gained from this will not be any meaningful benefit. It's simple math that I would love the conservative side point out. It really is class warfare by Obama. Pretty sad when we should be working together.

    • I didn’t ask if he was going to, I asked if he should be allowed to. There is a huge flaw in this law if one person can buy up all publications in a particular sector.

    • Oh, my, someone may as well draw lines along the sides of Romney's mouth. Looking more and more like a ventriloquist's buddy.

    • @dom, you are totally correct. I think Romney's response was that we should keep things as they are now and do a complete and total overhaul of the tax code. Some people making a lot of money may pay more in taxes as a result. But "fair" is more than a level playing field. The convolutions of the tax code make it hard to even figure out what game you are playing.

    • the WSJ or subscribe get your news from DJ sources. There’s an audience for his conservative views, as misguided as they may be http://MayorMoney.blogspot.com

    • Really, $60-80 B per year. Nothing? I saw the teatards almost default on the dollar for less than that. So its not that much when its taxes on the predators but its way too much to provide extended unemployment benefits or student interest relief or aid to states for teachers, police and firefighters, or transportation infrastructure, or small business loans. Sounds like a Frank Luntz spin job again. Wonder if that guy ever feels guilty for the people he hurts with his spin just for a buck.

    • @5:15

      Oh yeah!!! There is a huge audience for pictures of big t**s too!!! Does that mean we should turn all our news channels into porn shoots?

    • @5:19

      Only if they are young and hot. I mean really, who wants to see some old hags get into it.

    • Yep, how do they spin it, revise the tax code, lower the rates and widen the base. That means the wealthy pay less and the middle class pays more. More of the same crap they've been doing for years squeezing more and more out of the middle class so the predator class can wine and dine with the Saudi princes.

    • taxes, romney dares talk about taxes and the big media gives him a pass?
      show us Your taxes, you cro ok!!
      how can romney not get audited by the IRS when it yells at you that this bandit stole money from the gov, beats me.

    • @5:20

      Well I guess if that’s what Murdock is into next week, that’s what will get on the Dow Jones publications then right?

    • I do notcare where Romney keeps his money, or homuch in taxes he pays. I care abouthis policies which are FAR better than Obama's. All of you fools baited into the attacks on Romney are just puppets for the Obama campaign, allowing him to deflect attention from his dismal record. All he has is to hope that there are enough fools like you to get enough votes to win. Romney's points were all valid and factual, not the BS coming from the Obama campaign. What happened to all of Obama's promises like unemployment will not go above 6% if we spend $850 billion? If Obama was effective, he would be busy telling you all the good things he did. But he doesn't have aything good to say so he just deflects to Romney.

    • @5:23

      Little bit of an overreach, don't you think. But if there's an audience for that, he'll reach it. Murdoch, though you may disagree with him, is a successful businessman this is what successful businessmen do - see and exploit opportunities.

    • Lets face facts they will always be able to spin that there is just more revenue to get out of the middle class and lower incomes because there are millions of us. Which is why they do tolls and all kinds of other fees instead of raising taxes on the wealthy. Besides most middle class people pay taxes and don't have the resources or will to hire all kinds of tax accountants or tax attorneys to avoid taxes. So why bother taxing the wealthy, right. Just let them continue to extract wealth and resources from the US to the "free market".

    • @5:26

      Get out of here with that crap.

      This SOB hides his money in off shore accounts, and then has the nerve to run for president of the United States?

      When Mitt “off shore your job” Romney is doing his walk of shame, I sure hope he thinks long and hard about all the lives he destroyed by off shoring American jobs.

    • Yes you do.

    • Wow, Obama operatives in full swing whenever Romney speaks.

      Truth be told, Obamacare is the largest, or at least among the largest, tax increase in US history. And it includes mostly middle or lower income people, but also some high income people.

      And now, he wants to play chicken in election year to increase tax on the high income people.

      And what about spending cut - ZERO dollar so far. All the billions of cut are reduction of growth, not actual spending cut. Furthermore, they are all PROJECTED future cut - good luck holding future congress and president to that cuts.

      Tax and spend party has earned its name deservedly.

      Tax and Spend, tax and spend, tax and spend, tax and spend....

    • Where there is a Republican, there is a deficit. Guaranteed.


      Who's to say that they aren't the real files? You? Surely not unless you have extensive knowledge of the IRS and individual citizen records which even if you did you can't publicly prove yourself without violating his personal information.

    • hey “informed” you forgot state and local taxes as well as the big one, payroll taxes which just recently contributed more to federal revenues than federal income taxes. payroll taxes disproportionately fall on the middle/low class. so much for being “informed” http://www.cbpp.org/cms/index.cfm?fa=view&id=3505

      Payroll taxes are constant and everybody pays those while not everybody pays an Income Tax due to taking deductions that limit their taxable liability to that point. My point was about Income Taxes. You must get a refund every year. Challenge yourself to make more money where you actually pay into the system every year. Reform the Tax Code to expand the tax base so that everybody has skin in the game and corporations do not have the advantage of using every deduction under the sun to lower their taxable liability. If you make the code predictable and constant, there would be no need to shuffle money to other parts of the world.

    • @5:38

      Are you kidding?

      You really think if you lower rates, corporations will magically stop trying to game the system?

    • Like I said, if someone is shoplifting from your store, do you lower prices to fix the problem?

    • Mary wrote: "Mitt didn’t actually move his money to the Caymans or Swiss. He has an account that is managed by investment advisers and apparently they do the same diversification strategy for their wealthy clients." Wake up and smell the coffee, Mary. First, Mitt's people have admitted that he has had Swiss-based accounts. Second, you do not have to move your money to Switzerland to diversify your investments (even though this is the stated reason for Romney's Swiss-based accounts). If you asked most US persons who have moved their money to Switzerland why they did it, and they were being honest, they would tell you they did so to avoid reporting their Swiss-based income for federal income tax purposes. So, what is the real reason Romney moved money to Switzerland? We do not know, but unless and until he can come up with some reason other than diversification of investments, it is reasonable to infer that he did it to avoid US taxes.

    • You said
      And I have to say, "ARE YOU SERIOUS". Skin in the game. When you are a dishwaser, or a fry cook, or a maid or a lawndude, or a grunt on a construction crew, or a hairdresser, or a meatpacker, or an enlisted guy or a mechanic at Sears or .... you think these people have no "skin" in the game. All of these professions make less than what would be required to pay taxes in the current system and they need every cent of that for food, rent, insurance, etc. They spend every cent. Every cent gets put back into the US economy. You have the audacity to think they have no "skin" in the game. How about the multimillionaire's pay these people more so they can have "skin" in the game.

    • In Obamaville, raising taxes on high earners may not harm economic growth, but in the REAL WORLD it sure as he11 will which is why Romney taking over can’t happen soon enough.

      Frankly, anyone who thinks the combination of ObamaCare’s new taxes along with raising federal income tax rates won’t negatively impact this country must be smoking Obama’s old joints.

      The ridiculous incomes that they start at is but reason why as $200/$250k twelve years ago may have bought much, but given the effects of inflation, higher local and state taxes, etc. it in no way buys near as much which means they’ll be spending, hiring and investing less.

      It’s simple economics, something even Obama’s own advisers admit, but the ONE wants a win regardless of the price to this nation's increasingly weakening economic health.

    • The economy is a flow, not a static snapshot. When the flow of money is stuck at the top, the economy will not perform well.

    • Not everyone can or should be a CEO or a CFO or a lawyer or a doctor. And thank goodness -- we have enough of all those professions. Workers are a very important part of any economy and/or business and should be treated with dignity and respect. You are an insult to the character of America, sir, if you think these people have no "skin" in the game.

    • If you are crazy enough to think that Obamacare increases taxes for the middle class then you are horribly uninformed. Please do us all a favor and educate yourself.

    • @5:49 – So what you’re really saying is you’re for redistribution of wealth. And what will Obama do once he’s doled that money out?

      He’ll come looking for you which won't take long as his voracious appetite for spending can in no way be fed by those with higher incomes.

    • goptraitors: "foxnews should be added to the state department’s list of terrorist organizations".

      A walking poster for the Second Amendment... The left is full of hateful idiots like this who advocate the use of government force to silence their political opponents. This fool probably earnestly believes what he says, but can you imagine the consequences of any real power falling into the hands of someone like that? Pol Pot anyone?

    • Romney with his hidden assets in remote locations around the world is not the best option to attack President Obama on Taxes. His nest is thoroughly protected and out of the reach by American taxing authorities.

    • 5:54 – Read much, as the point is Obama seeks to saddle higher earners with both higher tax rates and Obama Care’s cost now

      Though, if anyone is horribly uninformed its you as Obama Care’s cost will be passed along to many via increased state taxes to cover what it demands, pass along costs through insurance plans (do you really thing buying contraceptive care for all would be free)- let alone if you get to keep what you have now, longer waits for access as health providers now struggle to keep up, etc.

    • An economy must serve the people if it expects to survive. The constitution calls for it. I am not for redistribution of wealth, I am for an adequate distribution of wealth. What we have now is a redistribution of wealth slanted toward the wealthy.

    • There is no debt reduction of deficit slashing imaginable that could occur without the death of the Bush tax cuts, that awful giveaway to rich Republican donors that has cost trillions of dollars over its disgusting lifetime. Washington is full of hypocrites that would shelter the rich to shift more and more of a burden onto the middle-class and working Americans. We are at the breaking point while mega-corporations and multi-billionaires are given tax cut after tax break, taxpayer-funded handouts that are nothing but welfare for the rich. http://www.sunstateactivist.org

    • If Romney likes keeping his money in Switzerland maybe it's Switzerland he should be running a campaign to become President. He seems to believe in off shore locations.

    • Actually Earnest his is as Obama’s been saying he can afford more for a number of years yet he (Buffett, Clooney, Parker, et al) still hasn’t written a check for more. Why?

    • @5:50

      You must excuse the original poster - he/she was repeating Fox Opinion Channel's general talking points.

    • True!! Check out where the towers for windmills come from, not here 100% for sure.

    • First of all the Feds for the first two years are covering 100% of increased Medicaid and for the years after that 90%. Secondly, you are already paying for the costs you just don't know it because it is being paid by hospitals shifting costs, deductions on other peoples taxes as charity, and special grants from the Feds to help cover some of these costs because in 1986 Ronald Reagon passed a law that said that all that go to the ER must be treated.
      And finally, ask a reputable actuary and they will inform you that contraceptive is much less expensive than pregnancy. Providing contraceptives is a cost saver, moron.
      If you are against lower income individuals with jobs that don't provide insurance the option to buy insurance and be somewhat albeit at a reduced rate responsible for their own healthcare, then you really are not much of a republican at least the way republicans use to be before their emotional breakdown.

    • 6:05 – With all due respect, all of what you wrote is B.S.

      Frankly, go to the root cause of why so many struggle and why so many do well and you’ll see it’s the personal choices all make. Unfortunately, we’re becoming a nation whereby we’re increasingly rewarding those who make poor ones at the expense of those who have not. Obama’s “market” and tax interventions and runaway spending is only making it worse.

    • Don't twist my words to try and prove your liberal point. How did I belittle the workers? By challenging them to achieve greater wages than a cook, dishwasher etc...? You are the person who agrees with Pelosi that Unemployment benefits fosters economic growth. It promotes stagnation and laziness in most, not all cases. If you need to take it then take it, but taking it over 99 weeks is absurd. Their are too many able bodied people who decide not to work because it is easier to take the government handout to maintain a certain lifestyle, not to excel and really achieve financial security.

      Their are too many lawyers and people who have college degrees. I agree with you on that. My dad does not have a college degree, but yet he owns his own business that generates over $3-5 mil annually. He did it by hard work and sacrifice. The two things that are sorely missing in some people. Shame on you for making this a class warfare debate rather than an issues debate. Sounds familiar....

    • You really have never left your bubble have you? Do you think a country that only has professionals and no workers can survive? Do you think professionals are so much more valuable then the people who pick your food that you buy at the grocery store, or cut your meat so you can eat better then most other people on the planet. And you wonder why we have to have immigrants to do that work? Given the total lack of respect we now pay workers, why would any young adult want to work, you make it seem like work is completely worthless. And when I hear parents say you go to college so you don't have to work, I go bonkers. That is the most sinister statement. You, sir represent an America that I am unfamiliar with where working people are not valuable. What world do you live in?

    • Insinuating that people that work for a living have no "skin" in the game, sir, is your class warfare, not mine.

    • And in terms of having the "desire" to achieve and take on more responsibility and start your own business, there are so many that do, just drop down to a swap meet some time, or google the internet on alternate energy. Hard to compete with the likes of a Walmart or any of the big boxes anymore. Been to a Walmart lately, a person can buy so much garbage for so cheap that it is really difficult to figure out what new product anyone could ever need.

    • Seriously 6:10, give it a rest as who feeds the Feds with monies? We do. Who will make up the costs when they dial it back? We do. What happens when demand over-runs supply as will be the case when 40 million people consume more care overnight? Costs go up, quality and access goes down.

      And save the being against insurance for low income individuals as our system already takes care of millions now, the real problem with ObamaCare is that its method of doing it is too costly and will ultimately make U.S. healthcare overall worse, let alone do nothing to rein in rising costs of illegals.

      By the way, thanks for taking the bite over contraceptive care and admitting it’s not about women’s health.

    • Switzerland enacted the same type of reforms 20 years ago and everything you are afraid of did not happen there. Massachussets has it and when I checked their insurance costs against mine in Texas I found no difference in my costs.

      And of course its about women's health because as my doctor told me 30 years ago, more women die in pregnancy than have ill effects from taking contraceptives.

    • 6:21 – It seems your logic has left the reservation as I made no comment about one’s standing in life, just the poor choices that again, ALL people make and that govt increasingly rewards it.

      You know, like having kids too young/before you can afford them, dropping out of school, borrowing too much against your income (high earners do it too), substance abuse, divorce, etc., etc. All are poor choices and they’re made by people at all income levels. That’s the point, yet you go off the deep edge. Funny.

    • In normal times you might be correct, but we are not living in normal times and I refuse to let you degrade and make "false" generalizations about the people I know that are out working their tales off trying desperately to find some useful place in this new world.

    • taxes seem to be the great gut need of the left - you can't tax enough for them - and obama knows this and stirs the anxiety pot of 'we need more taxes' So's whats the plan? Get elected on tax/class warfare envy/ fear politics and then create through ridiculous spending - obamacare for example, the mother of all fiscal crisis - a true off the cliff death spiral that everyone will agree and we will be 'saved' by a VAT. They always start like our social security 1 or 2% and always go higher and are never repealed. This is the dems wetdream come true.

    • Mitt needs to start talking about comments from Obama's appointees too. Like Ray Lahoodlum, transportation secretary that said last week that our government is bad and if it were "more like china we would be better off."

      And lets have an indepth look at the Arms Treaty coming up in 2 weeks that will supercede the constitution and force people to register all firearms or be arrested by the U.N. govenmernt and sent to trial for treason of a U.N. law with help from what is supposed to be our government. Under this treaty all firearms must be registered with a U.N. database our you will be arrested for any possession of any firearm. Under this treaty the United States Navy will no longer protect our Maritime borders. Instead they will be sent 200 miles offshore and replaced by a U.N. peace keeping force like in Africa that will govern our borders.

      The list goes on and on.....Obama is a traitor.

    • Why does he care ? It's not like he will affected one way or another given that his assets are hidden in offshore tax havens.

    • Above $250K doesn't sound like massive to me.

    • Why is Romney taking such a beating?
      He's not that bad.

    • It's interesting that Romney (a potential tax evader) is worried about other people like him having to pay taxes when they have the ability to hide their income in blind trusts and offshore bank accounts outside of the country.

    • 7:03 – You’re still off the reservation a bit as the lot I’m referring to exists in good times and bad; a lot that’s only grown in size and in their expectations because of years of govt acts that increasingly rewards those poor choices to the point where people take less responsibility for themselves.

      The people you refer too, I know as well and it pains me to watch great people struggle through no fault of their own, exactly why I can’t wait to vote Obama out as he’s done far more to exacerbate and prolong this nation’s problems than help resolve them.

      Seeking to increase tax rates on top of what Obama Care will additionally take (starting at incomes deemed high in 2001, which aren’t now) won’t move us “forward”, it will degrade us even more economically and Obama admitted as much back in 2009 yet pushes it now for votes. It’s wrong and it’s a plan that you too should reject.

    • Romney does not publically recognize that business will not expand or hire without the expectation of increasing demand for their products and/or services. 70% of the demand in our economy comes from the middle and lower classes, not the wealthy and corporations. His public front is to support only tax cuts, on primarily the wealthy. This reduces demand, and thus any potential expansion of jobs or acceleration of the economy into the levels needed to lower unemployment and increase income to the middle classes. All this cutting of government and taxation only leads to a smaller economy, fewer net taxes, a larger deficit, and a massive loss of needed services, safety and lower life styles for the vast majority of Americans.

      Why should anyone with incomes under $250,000. support Romney, or Republicans, with the present economic attacks on them, their life styles, and their future? Ignorance and lies rule today on the Right. There is no other explanation that fits. People do not vote to cut their own throats unless they believe the Right's lies and think they are looking into the mirror and improving their positions by dispatching someone else.

    • Not one of the republicans is blasting Romney’s massive tax sheltering and tax avoiding schemes and the use of offshore accounts?

      Graham only said that the game is to cheat the IRS and that Mitt is the best one at the game.

      Republicans are so fukced!









    • 5:54 pm July 10, 2012 wrote: “If you are crazy enough to think that Obamacare increases taxes for the middle class then you are horribly uninformed. Please do us all a favor and educate yourself.”

      Well at 5:54 pm, if you’re crazy enough to think that Obamacare won’t increase taxes for the middle class then you are horribly uninformed as its costs have more than doubled from $900 billion to $2 trillion. So, please do us all a favor and educate yourself about who will help pickup that difference as Democrats only played enough taxation games to cover its original massive price.

      Hint: The middle class will pay more one way or another to cover its costs.

    • Hey Romney.......


    • It’s the tax returns stu.pid


      Indeed, federal taxes for American households averaged 17.4 percent in 2009, a historical low over the 1979 to 2009 period.

      The tax paid by households ranged from 1 percent in poorest fifth of Americans, to 23.2 percent in the wealthiest fifth. The much-talked-about top one percent of the United States paid a 28.9 percent average federal tax rate.

      Meanwhile, average before-tax income fell drastically between 2007 and 2009, a clear sign of the recession that struck the United States due to the 2008 financial crisis.

      Those with the most income were hit the hardest: the four lowest income quintiles’ before-tax average income dropped by five percent or less. But among the richest 20 percent, before-tax income dropped by 18 percent; in the top one percent, income fell 36 percent.

      Further, those who made the most income also paid the greatest amount in taxes.

      The highest quintile of income earners paid for 67.9 percent of all federal taxes paid by households, while the middle quintile paid 9.4 percent and the lowest quintile 0.3 percent.

      The highest quintile paid a larger share of taxes than their income as a percentage of total before-tax income. Even as they paid over two-third of federal taxes, the highest quintile only earned 50.8 percent of total before-tax income.

      The average tax rate paid by American households is based on economic conditions and existing tax law, both of which change -sometimes abruptly - from year to year.

      2008 was also a year in which relatively lower rates of taxes were paid. That year, American households paid 18 percent of the income in federal taxes, which was down from the previous low of 19.4 percent in 2003.

      Read more: http://www.politico.com/news/stories/0712/78386.html#ixzz20K0PeYvs

    • Romneys want to be the next Kennedys...but SORRY this is not the right time. OBAMA HAS DONE A GOOD JOB, there is NO CASE FOR ROMNEY!!!!

      It is amazing how rich people think they can be gods. Romeny has made a lot of money, some by right means, some by questionable tricks (tax evasion, IRA valuation etc). Romney is not presidential material. If he becomes the President then SWISS ACCOUNTS will need to become every American's way to evading taxes.

      I still do not know how he has hundreds of millions of dollars in IRA...there is no MATH or SCIENCE or LOGIC that can explain. I can try a little bit expalu...he was bain CEO...so he puts 1000 share in 1999 at 0.01 cents and then as Bain CEO he buys those shares at $1000000000, and so his IRA now grows to hundreds of millions of dollars. Cool trick, right? Well, it is FRAUD!!!!!

    • Time to investigate Romney and his finances.

      Special Prosecutor please.

    • Those who made the most income paid the greatest amount in taxes. That just goes to show me how invalid their opinion is and how incredibly immature they are and how they can not be trusted to make decisions not even for themselves let alone others.

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