USA Today: President Obama’s campaign raised $114 million in August, edging Mitt Romney’s haul of $111.6 million and ending the Republican’s three month winning streak in the money race.
“The key to fighting back against the special interests writing limitless checks to support Mitt Romney is growing our donor base, and we did that substantially in the month of August,” said Jim Messina, Obama’s campaign spokesman.
The $114 million in August is a big spike for Obama, who had raised only $75 million in July.
….. The new fundraising totals come right after the Republican and Democratic conventions, and at a time when Obama is taking a lead over Romney in daily tracking polls.
Steve Benen: Just this morning, I noted that Mitt Romney publicly gave his word, on camera, that he would “go back and look” to let us know what tax rates he paid over the last decade. The good news is, Romney really did “go back and look,” and elaborated on the findings today.
The bad news is, his answer was horrible:
“…I did go back and look at my taxes and over the past 10 years I never paid less than 13 percent. I think the most recent year is 13.6 or something like that. So I paid taxes every single year. Harry Reid’s charge is totally false. I’m sure waiting for Harry to put up who it was that told him what he says they told him. I don’t believe it for a minute, by the way. But every year I’ve paid at least 13 percent and if you add in addition the amount that goes to charity, why the number gets well above 20 percent.”
Let’s walk through the top five reasons this answer is woefully unacceptable…..
David Simon: Can we stand back and pause a short minute to take in the spectacle of a man who wants to be President of The United States, who wants us to seriously regard him as a paragon of the American civic ideal, declaiming proudly and in public that he has paid his taxes at a third of the rate normally associated with gentlemen of his economic benefit.
Am I supposed to congratulate this man? Thank him for his good citizenship? Compliment him for being clever enough to arm himself with enough tax lawyers so that he could legally minimize his obligations?
Thirteen percent. The last time I paid taxes at that rate, I believe I might still have been in college. If not, it was my first couple years as a newspaper reporter. Since then, the paychecks have been just fine, thanks, and I don’t see any reason not to pay at the rate appropriate to my earnings, given that I’m writing the check to the same government that provided the economic environment that allowed for such incomes.
I can’t get over the absurdity of this moment, honestly: Hey, I never paid less than thirteen percent. I swear. And no, you can’t examine my tax returns in any more detail. But I promise you all, my fellow American citizens, I never once slipped to single digits. I’m just not that kind of guy.
Charles Pierce: The president is angry. The president is an angry man. The president is black. The president is an angry black man …. That is the four-point plan on “the economy” on which Willard Romney apparently intends to run for president for a while…..
“If you look at the ads that have been described and the divisiveness based on income, age, ethnicity and so-forth, it’s designed to bring a sense of enmity and jealousy and anger and this is not in my view what the American people want to see,” Romney said.
Ethnicity? And so forth…. If he blows that dog-whistle any louder, Seamus may return from that great roof-rack in the sky.
This should surprise absolutely nobody, because, if there’s one thing candidate Romney has demonstrated, it is that he really is quite a remarkable liar…. Asking a Republican presidential candidate to abandon race-baiting entirely is to ask for an awful lot of 13-second Republican stump speeches. Asking Willard Romney to do it is to assume that there is muck so foul that he will not immerse himself in it to be president….
…. There was nothing Romney wouldn’t do in business to make a buck. Why should we be surprised that he campaigns the same way? ….
…. Since you can count on Rafalca’s hooves the number of times in his life that Willard Romney has been in a fair fight, it’s no great shock to discover that, since he can’t fight hard, he’ll fight dirty, because winning is not something you earn. Winning is something you inherit…..
McClatchy: …. Paul Ryan will leave sizable footprints on the 2012 presidential race. His controversial plan to overhaul the federal budget has been the chief talking point of the campaign since Mitt Romney put him on the GOP ticket last weekend.
…. According to a report by the nonpartisan Congressional Budget Office, “[Medicaid] Cutbacks might involve reduced eligibility … coverage of fewer services, lower payments to providers, or increased cost-sharing by beneficiaries – all of which would reduce access to care.”
Those cuts and the Ryan plan’s calls to repeal the Affordable Care Act would add tens of millions of low-income Americans to the ranks of the uninsured. It also would raise taxpayers’ bill for emergency room indigent care and cause an increase in private insurance rates.
…. Ryan’s plans for Medicare have caused a stir … In order to slow spending in the national health plan for seniors, Ryan would replace Medicare’s guarantee of coverage for new beneficiaries in 2023 with a flat payment to seniors known as a “voucher” or “premium support” ….
Ryan’s planned tax cuts favor the affluent. Those who earn more than $1 million annually would see an average tax cut of $265,000 and a 12.5 percent increase in after-tax income … But at the lower end of the scale, people earning between $20,000 and $30,000 would get no tax cut …
…. All told, the Tax Policy Center said, Ryan’s tax plans would increase the deficit by $4.6 trillion over the next 10 years. His call to extend the Bush-era tax cuts for high-earning Americans would boost the deficit by an additional $5.4 trillion.
NYT Editorial: Three days after Paul Ryan became the presumptive Republican vice presidential candidate, he made a pilgrimage on Tuesday to the Las Vegas gambling palace of Sheldon Adelson, the casino tycoon who is spending more than any other donor to try to send Mr. Ryan and Mitt Romney to the White House. No reporters were allowed, perhaps because the campaign didn’t want them asking uncomfortable questions about the multiple federal investigations into the company behind Mr. Adelson’s wealth.
Those questions, though, aren’t going away, and neither are the ones about the judgment of Mr. Romney and Mr. Ryan in drawing ever closer to a man whose business background should lead them to back away — fast. By not repudiating Mr. Adelson’s vow to spend as much as $100 million on their behalf, the two candidates seem more eager to keep the “super PAC” dollars flowing than to preserve the integrity of their campaign.
The issues swirling about Mr. Adelson’s business practices are not new and can hardly come as a surprise to the Romney campaign…. A careful presidential campaign would put distance between itself and a businessman like Mr. Adelson … By allowing Mr. Adelson to have such an outsize role in their race, the candidates themselves are placing a very risky bet.
NYT: As Mitt Romney and Paul Ryan fanned out across the country this week, glad-handing voters and donors, a smaller but no less important gathering was taking place on Capitol Hill: Mr. Romney’s transition team met on Tuesday with more than a dozen loyalists from the private and public sectors in space borrowed from a law office.
Mr. Romney’s transition team …. offers a glimpse of what might be Mr. Romney’s approach to governing, functioning much like his old private equity firm, Bain Capital. The team is assessing the government and looking for ways to make it more efficient and streamlined…..
President Barack Obama greets people in the audience at the National Peace Officers Memorial Service, an annual ceremony honoring law enforcement who were killed in the line of duty, at the U.S. Capitol in Washington, D.C., May 15. (Official White House Photo by Pete Souza)
NYT: President Obama and the Democrats raised $43.6 million in April, adding to the president’s edge over his rival, Mitt Romney, even as money continues to pour in to outside groups ahead of the fall campaign.
The $43.6 million is a slight dip from March, when Mr. Obama’s campaign and the Democratic National Committee raised a combined $53 million. But it does not count several large fund-raisers — including one in Hollywood that reportedly raised $15 million — that took place in early May.
USA Today: Vice President Biden will deliver a blistering attack on Mitt Romney’s business career in a speech to be delivered later today in Youngstown, Ohio.
…. “He thinks that because he spent his career as a ‘businessman,’ he has the experience to run the economy,” Biden plans to say. “In the 1990s, there was a steel mill in Kansas City, Missouri. It had been in business since 1888. Then Romney and his partners bought the company. Eight years later it went bankrupt.”
The vice president goes on to tell the story of GST Steel, one of the companies taken over by Bain Capital that didn’t fare as well as, say, Staples or Sports Authority.
It’s the same company the Obama campaign will feature tonight in a two-minute campaign ad airing briefly in Ohio, Pennsylvania, Virginia, Colorado and Iowa.
TPM: A new Quinnipiac poll shows that President Barack Obama is a strong favorite to win New Jersey in November — even when he is matched up against the Garden State’s popular governor.
In the statewide poll of registered voters, Obama bests presumptive Republican nominee Mitt Romney, 49 percent to 39 percent. For a state that has voted Democratic in the past five presidential elections, that is not necessarily surprising. But the poll gets intriguing when New Jersey Gov. Chris Christie enters the equation. When Quinnipiac asked voters to decide between the incumbent ticket of Obama and Vice President Joe Biden and a Republican ticket of Romney and Christie, the president’s team still comes out on top — 50 percent to 42 percent.
ThinkProgress: The White House has issued a veto threat should the House version of the Violence Against Women Act reach the President’s desk.
In a statement, the administration said that the House version of the bill is unacceptable. Sponsored Rep. Sandy Adams (R-FL), the House version removes the protections for marginalized communities, stripping out provisions that were passed in the Senate version of the bill.