Posts Tagged ‘returns



17
Jul
12

Coming up

12:30: The President arrives in San Antonio, Texas

2:0: Delivers remarks at a campaign event at The Henry B Gonzalez Convention Center, San Antonio (Live coverage)

3:30: Delivers remarks at a campaign event (Private Residence)

4:50: Departs San Antonio

5:25: Arrives Austin, Texas

6:50: Delivers remarks at a campaign event at Austin Music Hall, Austin, Texas (Live coverage)

8:55: Delivers remarks at a campaign event (Private Residence)

10:10: Departs Austin

1:05 AM: Arrives Joint Base Andrews

1:20 AM: Arrives the White House

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Steve Benen: Quite a few Americans are going to go to their mailbox this week and next, open it, and find something unexpected: a check from their insurance company. It’s another side benefit from the Affordable Care Act that most Americans mistakenly thinks they don’t like:

When Laird Le found a check for $70.02 in the mail, he wasn’t quite sure why. Turns out, he’s one of the estimated 13 million Americans that will receive a rebate on their health insurance premiums as a result of the health care reform law recently upheld by the Supreme Court…..

…. “Obamacare” has an 80/20 rule, which requires insurance companies to spend roughly 80% of all premiums on actual health benefits, rather than company overhead (marketing, lobbying, executive salaries, etc.). When an insurer spends less than 80% on health care for its customers, the company is required to send the customer a check for the difference.

How many checks are we talking about? According to the Kaiser Family Foundation, nearly 16 million Americans will get rebates before the legal due date, which is Aug. 1…. when they realize it’s because of Obamacare, maybe the law will start to look a little better in those consumers’ eyes….

Full post here

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TPM: President Obama over the past week has hammered away at Mitt Romney’s business record. It’s like he’s “hellbent on making the word ‘Bain’ synonymous with a source of harm or ruin,” Stephen Colbert said on Monday. Over the weekend, the Obama campaign released a blistering new ad, mocking Romney’s rendition of “America the Beautiful” with a series of scathing headlines. “Mitt was originally on key,” Colbert said. “But he outsourced many of those notes to India.”

….. Romney adviser Ed Gillespie tried to clear the whole thing up on Sunday, saying Romney retired from Bain capital “retroactively.” What a novel idea, Colbert thought. “So he wasn’t responsible for firing all of those people whose jobs were outsourced. He was responsible for retroactively not hiring them.”

Video at link

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Cincinnati, July 16 (Photos by Christopher Dilts for Obama for America)

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Morning/afternoon/evening everyone😉

17
Jul
12

Rise and Shine

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Dana Milbank: Mitt Romney is an impressive man, but until now, we didn’t know just how impressive. According to his senior adviser, Ed Gillespie, the presumptive Republican presidential nominee is a time traveler.

Gillespie made this surprise disclosure to CNN’s Candy Crowley on Sunday as he attempted to explain why the candidate claimed to have stepped down as chief executive of Bain Capital in 1999 but the company’s filings show him in that position through 2002.

“He took a leave of absence,” Gillespie said, “and, in fact, Candy, he ended up not going back at all, and retired retroactively to February of 1999 as a result.”

…..A better strategy would be for Romney to get back in the time machine and eliminate the phrase “retired retroactively” from the record. While in the past, he might also pause long enough to take his dog Seamus off the car roof.

Full article here

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Eugene Robinson: Mitt Romney has every right to cloak his personal and professional finances in secrecy — and voters have every right to assume he has something embarrassing to hide. If this seems unfair, Romney has only himself to blame.

…. The only reason anyone cares when Romney left Bain Capital, the private equity firm he founded and ran, is because Romney made a totally unreasonable claim: When Democrats pointed to outsourcing and job cuts at companies Bain owned or controlled, Romney denied any responsibility since these unfortunate developments took place after he left to run the Winter Olympics in 1999.

This was an absurd position to take. Romney has boasted of his prowess at creating jobs by pointing to successful companies in which Bain invested, such as Staples, the office-supply chain that went on to expand and hire tens of thousands of employees. But much of this growth took place after 1999. Romney was trying to take credit for post-departure successes but not for failures.

…. Going out of your way to invite this kind of speculation, as Romney is doing, seems an awfully unpromising campaign strategy.

Full article here

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Cagle

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9:0: President Obama departs the White House

12:30: Arrives in San Antonio, Texas

2:00: Delivers remarks at a campaign event at the Henry B Gonzalez Convention Center

3:30: Delivers remarks at a campaign event

4:50: Departs San Antonio

5:25: Arrives in Austin, Texas

6:50: Delivers remarks at a campaign event at Austin Music Hall

8:55: Delivers remarks at a campaign event

10:10: Departs Austin, Texas en route Joint Base Andrews

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Morning everyone😉

15
Jul
12

No pressure, Willard

15
Jul
12

Rise and Shine

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A lukewarm reception for President Obama at Centreville High School ……😉

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Virginia Beach

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Paul Krugman: … this is only for the specifics Romney has announced; he claims that he will make up for the large revenue losses under his plan (Obama gains revenue) by closing loopholes. But he refuses to say which, and the clear reality is that he’s talking through his hat. Meanwhile, Romney also proposes severe cuts in Medicaid, and his party wants big cuts in other safety-net programs.

So like it or not, we have an election in which one candidate is proposing a redistribution from the top — which is currently paying lower taxes than it has in 80 years — downward, mainly to lower-income workers, while the other is proposing a large redistribution from the poor and the middle class to the top.

So the next time someone tut-tuts about “class warfare”, remember that the class war is already happening, in real policy — with the top .01 percent on offense.

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Cagle

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ThinkProgress: In a series of interviews yesterday, Mitt Romney maintained he would only release tax returns dating back two years…..

….On the sidelines of the National Governors Association meeting in Williamsburg, Alabama’s Republican governor, Robert Bentley, called on Romney to release all the documents requested of him.

“If you have things to hide, then maybe you’re doing things wrong,” Bentley said. “I think you ought to be willing to release everything to the American people.“

Ana Navarro, a prominent Republican strategist, has also called on Romney to release more tax returns, telling Politico “I wish he’d hurry up and release more tax returns so this distraction would go away.”

More here

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Monday: The President will travel to Cincinnati, Ohio for a campaign event.

Tuesday: The President will travel to San Antonio and Austin, Texas for campaign events.

Wednesday: The President will attend meetings at the White House.

Thursday: The President will travel to Jacksonville and West Palm Beach, Florida for campaign events. He will remain overnight in Manalapan, Florida.

Friday: The President will travel to Ft. Myers and Orlando, Florida for campaign events. Later, the President will return to Washington, DC.

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President Obama and Michelle Obama are on CBS News Sunday Morning – check your local listings (thanks for the reminder UT)

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Morning everyone😉

14
Jul
12

Rise and Shine

This video is dedicated to Alex Okrent, the staffer in President Obama’s campaign office who died yesterday. May he rest in peace

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You can see President Obama’s speeches in Virginia yesterday on C-Span

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Bloomberg: President Barack Obama has gained an advantage over Republican Mitt Romney in a Pew Research Center Poll showing public confidence in either one’s handling of the economy shifting toward the president in the past month.

Obama leads Romney by 50 percent to 43 percent among registered voters surveyed, Pew reports, with the Republican Party’s presumed presidential nominee losing 3 percentage points of support since its previous poll in early June.

Public opinion on which candidate would do a better job of improving economic conditions has shifted from an advantage for Romney in Pew’s June survey to support for Obama in the latest survey of 2,373 registered voters conducted June 28-July 9.

More here

Thanks amk

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Charles Blow: Mitt Romney’s stories just don’t jibe.

First, there is the issue of when he left Bain Capital, the private-equity firm he founded.

….Second is the issue of Romney’s tax returns.

…The narrative is starting to take hold that he is dishonest, devious and irreconcilably different. These are simple, deadly character flaws in a candidate because they’re antithetical to the American ideal of the presidency.

… My mother used to say: “If you tell the truth, you don’t have to remember what you said.” The simple truth makes sense, stands on its own and can be proved. Nine times out of 10, things that require constant clarification and endless appending aren’t the simple truth.

That’s mother’s wit, and everyone has a mother.

Full article here

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Charles Pierce: As entertaining as all the When-Did-Willard-Leave-Bain-And-How-Thoroughly-Did-He-Leave-It? whoop-de-doo is, doesn’t fighting over the subject imply that you’re accepting the notion that Bain only went all predatory and pirate-ish as a result of Thoroughly Moral Mitt’s departure? And isn’t that really the wrong question to be asking, and doesn’t that really make you sort of a sap? Discuss.

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Cagle

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Today:

The President will hold campaign rallies in Glen Allen (Richmond) and Centreville (Northern VA.).

The rally at Centreville High School starts at 4 p.m. ET – not sure yet about the Glen Allen speech.

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Morning everyone😉

13
Jul
12

This and That

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Next up:

12:55: President Obama delivers remarks at a campaign event at Green Run High School in Virginia Beach

Arriving at Norfolk International Airport with former Virginia Governor Tim Kane and Senator Mark Warner

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President Barack Obama meets with military spouses during a stop at Rick’s Cafe in Virginia Beach

President Obama holds baby Kerry Christophe as he greets well-wishers after meeting with military spouses at Rick’s Cafe

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No pressure Willard😉

13
Jul
12

Rise and Shine

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Cagle

Michael Tomasky: With his incendiary speech to the NAACP, Mitt crossed an ugly line. No longer simply spineless and disingenuous, he’s now become a race-mongering pyromaniac.

Until yesterday, I thought of Mitt Romney as a spineless, disingenuous, and supercilious but more or less decently intentioned person who at least wasn’t the race-mongering pyromaniac that some other Republican candidates of my lifetime have been. Then he gave his speech to the NAACP, and now I think of him as a spineless, disingenuous, supercilious, race-mongering pyromaniac who is very poorly intentioned indeed, and woe to us if this man sets foot in the White House as anything but a tourist.

Let’s bat the easy charges out of the way first. Spineless? Please. He’s taken every position the Tea Party base has asked and a few they didn’t. Disingenuous? Easy. Either he’s lying now about health care, abortion rights, his support for Ronald Reagan, and his posture toward Grover Norquist’s no-tax pledge, or he was lying then. Supercilious? Seems appropriate and perhaps even a bit mild for a man who made fun of NASCAR fans’ rain ponchos and a working-class family’s cookie service.

But he wasn’t a race-baiter until yesterday….

More here

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Cagle

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Today:

9:40: President Obama departs the White House

10:40: Arrives in Norfolk, Virginia

12:55: Delivers remarks at a campaign event at Green Run High School in Virginia Beach

2:40: Departs Norfolk, Virginia en route Hampton, Virginia

3:05: Arrives in Hampton

4:25: Delivers remarks at a campaign event at Phoebus High School, Hampton

5:30: Departs Hampton, Virginia en route Roanoke, Virginia

7:05: Speaks to supporters at a fire station in Roanoke

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Morning everyone😉

12
Jul
12

Rise and Shine

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NYT Editorial: … Mr. Obama can make a convincing case that his policies — especially the stimulus and auto industry rescue — helped cushioned the effects of the recession he inherited, which pushed the jobless rate from an already elevated 7.8 percent in January 2009 to 10 percent by October 2009. It has come down, more or less, steadily since then. But it is still higher than when he took office — a point that Mitt Romney and Congressional Republicans have seized upon as evidence of failed policies.

Actually, it was the Republicans’ relentless opposition to constructive policies that has kept unemployment high, from their resistance to the 2009 stimulus to their blockage of Mr. Obama’s proposed $450 billion jobs bill in late 2011. Federal aid to states was a mainstay of both of those efforts. As the stimulus ended and further aid was delayed and denied, the effect on state budgets — and on jobs — has been catastrophic.

… if it weren’t for state and local budget austerity, the economy would have 2.3 million more jobs today, and the unemployment rate would be around 7 percent, not 8 percent. The lesson is that the best and easiest way to reverse job losses would be for Congress to provide fiscal aid to states. Thwarting such aid, as Republicans have done, is a way to keep unemployment elevated and their hopes to win the White House alive. Jobless Americans, struggling businesses and hard-pressed communities are hostages in the fray.

Full editorial here

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The Nation: GOP Votes on Healthcare Versus Jobs Legislation:

Thanks Dudette

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Cagle

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Nicholas D. Kristof (NYT): Obama’s Fantastic Boring Idea

The farm fields here (in Malawi) are cemeteries of cornstalks: a severe drought has left them brown, withered and dead. Normally, a failed crop like that signifies starvation.

Then television cameras arrive and transmit images of famished children into American and European living rooms. Emergency food shipments are rushed in at huge expense.

Yet there is a better way, and it’s unfolding here in rural Malawi, in southern Africa. Instead of shipping food after the fact, the United States aid agency, U.S.A.I.D., has been working with local farmers to promote new crops and methods so that farmers don’t have to worry about starving in the first place.

…. President Obama has made agriculture a focus of his foreign aid programs with mixed results. On the plus side, these initiatives are smart, cost-effective and potentially transformative. On the negative side, they’re boring. At a time when there’s a vigorous political debate in America about foreign aid, outreach to African farmers doesn’t wow Congress or the American people.

But if it’s boring, it’s also succeeding.

More here

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10:30: VP Biden delivers remarks at the NAACP 2012 Annual Convention in Houston

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Morning everyone😉

11
Jul
12

This and That

President Obama walks with National Security Advisor Tom Donilon in the West Wing of the White House, July 11 (Pete Souza)

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Richard Adams (The Guardian): What will be overlooked in discussion of the booing of Mitt Romney is what he actually called healthcare reform: a “non-essential programme”.

Here’s the quote:

“I will eliminate all the expensive non-essential programmes I can find, that includes Obamacare”

Healthcare is “non-essential,” is it Mitt Romney? Maybe that’s what people were booing: the idea that federally-funded health provision for America’s poorest such as Medicaid was “non-essential”.

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ThinkProgress: To hear conservatives and Tea Partiers tell it, President Obama is a serial tax-raiser who has increased taxes on “millions of Americans.” But according to the latest data from the Congressional Budget Office, tax rates under Obama hit a 30-year low in 2009, in part because of the tax cuts he implemented in response to the country’s economic downturn…

More here

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ThinkProgress: In a vote of 244 to 185, the House of Representatives has repealed the Affordable Care Act — just days after the Supreme Court upheld its constitutionality.

This is the 31st attempt by Congressional Republicans to eliminate the measure. The GOP has spent an estimated “88 hours and 53 minutes” since January of 2011 trying to undo the reform, an analysis by Democratic Leader Nancy Pelosi’s (D-CA) office finds, though this latest bill is expected to die in the Democratic-controlled Senate.

More here

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David Usborne (UK Independent): Mitt Romney received an embarrassingly rough reception from members of the NAACP, the country’s oldest black civil rights organisation yesterday, which erupted into boos and shouts of disapproval when he said he meant to overturn Barack Obama’s healthcare reforms.

His rocky ride at the NAACP convention in Houston came as he faced a wave of new assaults from the campaign of President Obama over his apparent failure fully to disclose the extent of and the reasons for his multiple holdings overseas, including now or in the past in Switzerland and the Cayman Islands.

The murkiness of his personal financial affairs is emerging as a potential drag for Mr Romney who so far has released tax returns for only 2010 and an estimate for 2011. Democrats are contrasting him with his father, George Romney, who, when he ran for the White House in 1967, released 12 years of returns.

…. The tax filings released during the primaries last winter forced Mr Romney to revise earlier financial disclosures, which had made no mention of some 20 newly revealed overseas holdings – a fact highlighted in a harsh New York Times editorial yesterday….

….Chip off the old block? No, his father divulged his wealth…

Read full article here

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ABC: Mitt Romney offered a slightly inaccurate version of his tax return history in an interview today, saying he’s released two years of tax returns and that he has released the “same level of information” as John McCain and John Kerry.

…. The presumptive GOP nominee has released one year of his returns and an estimate of his 2011 returns…

John McCain released two years, but John Kerry actually released more than that in his 2004 race, going back to 1999. He released many more returns as a United States senator, as many as twenty. McCain released a total of six documents, two for himself, two for his wife Cindy McCain, and two for the McCain Family Foundation.

…His father, George Romney, started the precedent of presidential candidates’ releasing returns when he released 12 years during his 1968 run for president, but Mitt Romney has so far resisted calls for to release more years. President Obama has released 12 years.

In the interview, Mitt Romney changed the subject in order to hit the president for the Fast and Furious gun-walking scandal…

More here

11
Jul
12

Rise and Shine

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You can see video of the President’s Iowa speech here

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Steve Benen: I was surprised to learn two weeks ago that federal firefighters, including many combating brutal wildfires in Colorado, are considered temporary employees who are ineligible for health care coverage through the Forest Service. They’re working incredibly dangerous jobs under life-threatening conditions, but many go without insurance.

President Obama is poised to change that. The Denver Post reported yesterday on a shift in administration policy:

President Barack Obama has directed federal officials to offer seasonal firefighters the option of purchasing federal health insurance coverage…On a recent trip to Colorado Springs, the president was apparently moved by the men and women firefighters he met, senior administration officials said in an interview Tuesday. When he returned to Washington, he told his cabinet that he wanted to “find a solution” for the hundreds of workers toiling in dangerous conditions without the option to buy in to federal insurance.

….it appears to be a huge step forward…. Whatever the mechanism, the access to health insurance for these firefighters will begin later this month….

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NYT Editorial: Paying taxes forthrightly has long been a matter of civic pride for most American politicians, a demonstration of honesty and of a willingness to share in society’s burdens. Since the Watergate era, presidential candidates have released several years of tax returns, allowing voters to peer at their financial choices and discern their entanglements.

Mitt Romney has upended that tradition this year. He has released only one complete tax return, for 2010, along with an unfinished estimate of his 2011 taxes. What information he did release provides a fuzzy glimpse at a concerted effort to park much of his wealth in overseas tax shelters, suggesting a widespread pattern of tax avoidance unlike that of any previous candidate.

Mr. Romney has resisted all demands for more disclosure, leading to growing criticism from Democrats that he is trying to hide his fortune and his tax schemes from the public. Given the troubling suspicions about his finances, he needs to release many more returns and quickly open his books to full scrutiny.

Full post here

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Jonathan Chait: Michael Gerson is a former speechwriter for George W. Bush turned Washington Post columnist, from which perch he has spent the entirety of the Obama administration gleefully predicting a downward spiral into ruin and dysfunction reminiscent of, well, George W. Bush. Having possibly run low on Obama tragic failure scenarios, Gerson devotes today’s column to musing about why Obama has not proposed any major new initiative to address the economic crisis.

Gerson begins by arguing that Obama is declining to propose any major plans because he does not want to admit failure …. But wait! Through diligent research — I have hired a team of laid-off Bush-era Middle East intelligence veterans just for this research task — we have scoured the public record and uncovered a startling fact: Obama does have an ambitious new set of policy proposals!

He unveiled it in a nationally televised address last fall, after which point he has been touring the country and touting it daily….

…. I’m sure once he has become aware that all his objections about Obama are false — that Obama is not denying the crisis, that he does have a plan to address it, that Keyensian economists do support the plan, and it won’t increase the long-term deficit — surely he will change his mind on this.

Full article here

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TPM: A central element of the 2012 campaign cycle has become just when Mitt Romney left Bain Capital. The Romney campaign says he left in early 1999 — in time to get him off the hook for some controversial investments. Factcheck.org backs up Mitt while David Corn and the Obama campaign have brought forward numerous pieces of documentary evidence indicating he didn’t leave until a couple years later.

Now here’s even more evidence that he didn’t leave in 1999 as he now claims.

….I’ve found yet more instances where Romney made declarations to the SEC that he was still involved in running Bain after February 1999. To the best of my knowledge, no one has yet noted these.

More here

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Matt Miller (Washington Post): The House is voting (again) to repeal the Affordable Care Act on Wednesday.

Meanwhile, six Republican governors (so far) say they won’t go along with the law’s planned Medicaid expansion for 4 million uninsured people in their states, even though the feds would pick up nearly all the tab.

See the pattern here?

The Republican message to uninsured Americans in the wake of the Supreme Court’s recent ruling couldn’t be clearer: You’re on your own.

…. Fifty million uninsured Americans would be the immediate casualties of the GOP’s “let them eat the emergency room” mentality. But all of us would be at risk. In America — alone among wealthy nations — everyone is a pink slip or job change or new illness away from finding they’ve lost coverage or are uninsurable.

This is the shameful reality behind the GOP’s rhetoric on health care. Republicans don’t want to spend a penny to insure the uninsured.

More here

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All toons from Cagle

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Today:

2:15: President Obama will meet in the Oval Office with Democratic congressional leaders “to discuss their legislative agenda for the coming months and his proposals to provide small businesses new incentives to grow and hire, encourage companies to create jobs here at home, and ensure that middle class families don’t see a massive tax hike at the end of the year,” the White House said.

Attendees include Senate Majority Leader Harry Reid, House Democratic Leader Nancy Pelosi, Senate Majority Whip Dick Durbin, House Minority Whip Steny Hoyer, Sen. Chuck Schumer, Sen. Patty Murray, Rep. Jim Clyburn, Rep. Steve Israel, and Rep. Chris Van Hollen.

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Morning everyone😉




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