September 23, 2012 5:09 PM
In separate interviews, President Barack Obama and his challenger, Republican presidential candidate Mitt Romney, discuss the election year's hot button issues. Steve Kroft interviews Obama. Scott Pelley interviews Romney.
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See all 106 CommentsThere's a reason he isn't carrying Massachusetts in the polls. And it isn't because a Republican can't carry a Democratic state. Remember that Reagan carried his home state of California (as much a Democratic state as Massachusetts) in his Presidential elections. I voted for him myself, and so did my parents, even though we vote Democrat more often than not. But I'm not buying Romney's attempts to position himself as someone representing all the people. I think he represents big money and tells the rest of us what we want to hear.
OK, here is the good part.
If you have 100k gross income less today's 32,200.00 tax deductions your tax rate based on the IRS married filing joint is 15%.
If you have a 100K gross income less Mr. Romney's proposed 17K cap, your tax rate is 25% less his 20% reduction or 20% tax rate.
So now you have a higher taxable income, at a 5% higher rate.
You lose and additional 4K in out of pocket tax reductions, and take home pay.
This doe NOT include the loss of child care credit, employee business expense deductions, or tuition credit - that makes it worse.
Romney's Proposal on 100K Tax result - 14,006.00 tax
CURRENT TAX on 100K w/exemptions above/credits/lower PR tax - 7,324.00 minus 2000.00 in added take home pay =5324.00 paid to Uncle Sam
The difference is 8,682.00. Think of it as a campaign contribution to Mr. Romney.
Oh, and Mr. Romney not taking all of his charitable deductions on his tax return so he would cover the lie about his tax rate, is really misleading, since Romney has (3) years to amend the return and get his full credit.
This is for a family of (4) making 100K in gross income.
I am so relieved!
During the campaign in 2008 he sold many Americans on his ability to lead. It's time to stop crying about how he couldn't get congress to work with him for half his 4 years. (Not sure what the problem was the first two years.) How many of you out there would be able to keep your job if you can't manage through conflict? Why can't he get the Republicans to cooperate? In his last campaign he talked about how skilled he was at crossing party lines - of course at that time he had no way to prove that self proclaimed ability. So he's been challenged for 2 years out of 4 - and now we really know his track record. Someone give him a box of tissues please.
Motherof9 said, "I really bothers me that if your support Obama its the "in thing" your "hip, cool" if you support Romney your a rich and selfish person. Redistribution of Wealth Mr. President?? Seriously, did you just say that? Don't get me wrong I hired Obama; he got my vote! I jumped on the HOPE AND CHANGE wagon. I HOPED he would make CHANGE but he's just not getting the job done..."
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From the moment he entered office, Obama has been burdened with the same partisan gridlock Bush2 was spared until the final two years of his eight-year term. Only now, the party labels are reversed-- the GOP runs the house, and Democrats the senate and White House.
Yet, despite any outward similarity of positions, the GOP and Democrats could not be further apart on the fundamentals of change for which you voted.
For example, Romney would hitch your budget wagon once again to the same mule of "trickledown economics" that fostered the recession in the first place-- the Bush deregulated economy that made the rich noticeably richer, but left most of us noticeably poorer after eight years of Bush2.
And Romney/Ryan makes the damage even worse, funding trillions more GOP tax cuts by plundering the social programs most Americans count on, especially the elderly, veterans, women, youth and children.
Even now, we recall our 2009 economy, still in smoking ruins from Wall Street scandal and with a full recession at hand-- arriving so fast many feared a depression. Obama had his hands full from the first day, especially with an embittered GOP determined to avenge its partisan pride. Mitch McConnell only seconded Rush Limbaugh's comment, "There, I said it. I hope he fails." with his own, "Our job is to make sure Obama is a one-term president."
Clearly, that dismally partisan, anti-patriotic scenario has not changed significantly during the past four years. And now, there is widespread suspicion the corporate estate-- now awash with dollars-- deliberately withheld life support from the economy so the GOP could blame Obama for the likely result, a slow, painful recovery.
A party like that deserves no position of leadership because it has displayed none-- it does not even briefly consider the interest of the nation above its own narrow, partisan ends. GOP votes were in party-line opposition through most of Obama's first term, and these recalcitrants voted against even the stimulus bill for national recovery, not to mention Obama bills to protect the environment, for women's health and childcare, for veterans, for students and education, for green energy, for job creation and aid to the unemployed.
So, after a plague of GOP "me-first" politics, are we the poorer with Obama? Not at all-- we, like Obama, are survivors of the worst political episode in living memory, and now, we live with renewed hope. We are reminded that full recovery from a long-term deficit of leadership-- eight years under the GOP-- and a massive GOP-sponsored recession does not happen instantly.
While most Americans share your yearning for truly beneficial change in Washington, deliberate partisan obstruction prevented some of Obama's objectives of 2008 from passage by congress into law. But in that same four years, we also have had many positive achievements, as well, including a guaranteed level of health care Americans enjoy for the first time in our history.
In the first debate, there was a moment at the beginning, as the two candidates greeted one another, when the long period of gridlock seemed to be forgotten. But at debate's end, with a mocking, thoroughly hypocritical sneer, Romney commented to Obama, "You have had four years!"
In fact, that same burden of proof has been on Romney and the GOP. Romney and the GOP have had four years to show they could surmount their own petty ambitions and work for the nation, and have failed as completely as they did in 2001-2008.
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