18 September 2012
Normally, I try to stay away from the current election in America, but this recent video leak makes the cake. We all know who Mitt Romney is but who is Mitt Romney when the camera's are not rolling for public view?
This video shows the real personality of the man who feels that he is qualified to run for the President of the United States and represent the American people and to take a stand for the American people, or shall I say a few American people. This is a man running for the highest office to solve all of the American economic woes and a man that will set things right in order to save our failing country. This is a man who is asking for your vote and support so he can set things right in America.
In this video Mitt Romney speaks like a true businessman and corporate leader at a Boca Raton fundraiser on May 17, 2012. He clearly trashes 47 percent of the American people, "who pay no income tax. So our message of low taxes doesn't connect…who believe that they are entitled to health care, to food, to housing, to you-name-it. That that's an entitlement…they will vote for this president no matter what. I'll never convince them they should take personal responsibility and care for their lives. What I have to is convince the five to ten percent in the center that are independents that are thoughtful, that look at voting one way or the other depending upon in some cases emotion, whether they like the guy or not."
Is the 47% Romney talking about the Iraqi war veteran, those who retired on Social Security or Medicare or the students who live on a student loan to go to college? It seems that Romney does not know much about the American people. This video reveals Romney's arrogant and sinister character and that character has taken the center of his party. Would you want this sinister personality represented to the rest of the world? Do you really think that he will help eradicate poverty in America…that 46.2 million people without work who really want to work? His past actions clearly tell us that Romney does not care about America, its people, or anything else civil for that matter.
Romany does not mention that his ex company "The Baim Corporation" is under tax investigation. The NY Times reported, "The tax strategy — which is viewed as perfectly legal by some tax experts, aggressive by others and potentially illegal by some — came to light last month when hundreds of pages of Bain’s internal financial documents were made available online. The financial statements show that at least $1 billion in accumulated fees that otherwise would have been taxed as ordinary income for Bain executives had been converted into investments producing capital gains, which are subject to a federal tax of 15 percent, versus a top rate of 35 percent for ordinary income. That means the Bain partners saved more than $200 million in federal income taxes and more than $20 million in Medicare taxes." Avoiding 20 million in Medicare taxes is taking away from those who have worked hard all their lives and paid into the system which is now going broke…all because of the arrogant and shellfish attitudes of our corporate leaders. Thank you Romney.
Romney continues to receive profits from the company and held investments in some of the funds that utilized the tax avoidance strategy. Some folks will arrogantly respond that "This is America, tax avoidance is not illegal and the companies exist to make a profit….everything else is not our responsibility"
Who are Romney's friends? Marc Leder is ne friend is who hosted the fundraiser he is the CEO of a private equity firm called Sun Capital. They have the reputation for bankrupting companies for profit. Sun Capital owns 25 companies and one in every five has filed for bankruptcy. Sun Capital was also accused by the federal Pension Benefit Guaranty Corporation of intentionally pushing a company into bankruptcy in order to avoid paying workers' pension, only a few months ago. Folks, these people are Romney's friends. Unfortunately, many millionaires feel comfortable with this sort of action.
America the beautiful is a place where corporations can run and save millions if not billions of dollars by offshoring, tax evading, and manipulating their funds to reduce taxes owed to our country if paying anything at all. America, a place where it is possible to steal from the country and the people and can run for president all at the same time, with voters behind them. Do not forget that our Constitution clearly states, "The President, Vice President and all civil officers of the United States, shall be removed from office on impeachment for, and conviction of, treason, bribery, or other high crimes and misdemeanors."
Romney states that housing, food and you name it is an entitlement, eluding that it is not a "right" in America. Our nation was founded for the rights of the people including, "promote the general welfare, and secure the blessings of liberty to ourselves and our posterity, do ordain and establish this Constitution for the United States of America." The attitude of the republicans is denial, towards poverty and those who cannot help themselves is "their problem" by denying the reality that this is a direct result of corporate corruption, wall street and bank manipulations, off shoring, layoff's of the close to pension elderly, reducing full to part time without health or medical benefits. Remember folks, a secure livelihood, a place to live in a safe and secure environment, medical attention, and food is not a "right" to Mitt Romney. What will be next, will we not have the "right" to education?
Who are not paying taxes? ABC reports that those making $75,000-$100,000 a year are the fastest growing share who don't pay federal income taxes. In fact, I know of a woman who reported $12,000 in income last year and had to pay $450.00 in income taxes. She paid. However, of more than 20,000 filers that made more than $200,000 a year with 1,470 had an adjusted gross income of more than $1 million - owed no income tax.
In the end, the 47% number is not true. Yes, 46% of tax fillers will owe no federal income tax, but things like Social Security, Medicare and unemployment…80% of tax filers pay some kind of federal tax. If you are married and make less than $18,700 you did not have to pay income taxes, if you are older than 65 and the income was $20,000 or less you did not have to pay taxes. Filers with less than $30,000 made up 83% of all the non taxable returns. This has occurred mainly because of the tax credits and allowable deductions. The truth is that "many Americans are not paying taxes" and are free loading is a myth. Nearly 100 percent of Americans pay taxes in some way.
Most of those who do not pay taxes are the elderly and students, those who have poor economic circumstances due to the Recession. Students will have their turn in paying taxes, the elderly paid taxes over their lifetime and have contributed to the revenue stream. For more in depth information read The Hamilton Project.
Related Articles:
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Recalculating Romney's four percent Gimmick
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