Why Billionaires are bankrolling Mitt Romney (58)
ooby_dooby: Sheldon Adelson, the conservative billionaire Las Vegas casino owner, has pledged to give up to $100 million -- whatever it takes -- to defeat Barack Obama.
We know it's not out of love for Mitt Romney, so why part with so much money? As President Clinton reminded us last week, sometimes the answer is as simple as arithmetic.
So let's do the math: According to a new report from the Center for American Progress Action Fund, Adelson could see up to $2 billion in savings under Mitt Romney's tax plan versus the President's plan. That's how much Romney's policies would favor millionaires and billionaires.
If Mitt Romney wins -- $2 billion more for Adelson. If Barack Obama wins, millionaires and billionaires pay their fair share.
It's a highly cynical but straightforward calculation.
Here's how it would work for Adelson in a Romney-Ryan administration:
-- Romney would keep in place the Bush tax cuts, and cut Adelson's income taxes by an additional 20 percent. Adelson savings: $1.5 million per year on income he earns as CEO.
-- Romney's plan eliminates taxes on foreign profits like the ones Adelson makes on his Asian casinos. Adelson savings: $1.2 billion.
-- Romney's plan maintains the current low tax rate on dividends. Adelson savings: $120 million per year.
-- Romney's plan removes the estate tax. Adelson heirs save: $8.9 billion.
I honestly can't think of a more straightforward contrast in this election.
We don't have Sheldon Adelson, and with all due respect, we don't want him.
didn't George Soros make a similar Pledge in '04 concerning Bush?We know it's not out of love for Mitt Romney, so why part with so much money? As President Clinton reminded us last week, sometimes the answer is as simple as arithmetic.
So let's do the math: According to a new report from the Center for American Progress Action Fund, Adelson could see up to $2 billion in savings under Mitt Romney's tax plan versus the President's plan. That's how much Romney's policies would favor millionaires and billionaires.
If Mitt Romney wins -- $2 billion more for Adelson. If Barack Obama wins, millionaires and billionaires pay their fair share.
It's a highly cynical but straightforward calculation.
Here's how it would work for Adelson in a Romney-Ryan administration:
-- Romney would keep in place the Bush tax cuts, and cut Adelson's income taxes by an additional 20 percent. Adelson savings: $1.5 million per year on income he earns as CEO.
-- Romney's plan eliminates taxes on foreign profits like the ones Adelson makes on his Asian casinos. Adelson savings: $1.2 billion.
-- Romney's plan maintains the current low tax rate on dividends. Adelson savings: $120 million per year.
-- Romney's plan removes the estate tax. Adelson heirs save: $8.9 billion.
I honestly can't think of a more straightforward contrast in this election.
We don't have Sheldon Adelson, and with all due respect, we don't want him.
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I think we should give tax breaks to companies that keep jobs in the U.S., and tax companies who ship jobs overseas.
I'm so tired of calling help lines, and getting some foreigner who I can't even understand, because the help line is in some foreign country. Argh!
I'm so tired of calling help lines, and getting some foreigner who I can't even understand, because the help line is in some foreign country. Argh!
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HuggerMan4U: I think we should give tax breaks to companies that keep jobs in the U.S., and tax companies who ship jobs overseas.
I'm so tired of calling help lines, and getting some foreigner who I can't even understand, because the help line is in some foreign country. Argh!
I'm so tired of calling help lines, and getting some foreigner who I can't even understand, because the help line is in some foreign country. Argh!
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Call Centres - The law in Canada
Good to know, especially since rumour has that Canada Post Customer service is
Headed to India before the New Year. A lot of us do not realize this option is open to us.
Any time you call an 800 number(for a credit card, banking, charter communications,
health and other insurance, computer help desk, etc. ) and you find that you're talking
to a foreign customer service representative(with an accent, difficult to understand/
perhaps in India, Philippines, etc.), Please consider doing the following:
After you connect and you realize that the Customer Service Representative is not
working in Canada (you can always ask, if you are not sure about the accent),
please, very politely this is not about trashing other cultures
Say, "I'd like to speak to a Customer Service Representative in Canada ."
The rep might suggest talking to his/her manager, But, again, politely say,
"Thank you, but I'd like to speak to a Customer Service Representative in Canada .."
YOU WILL BE IMMEDIATELY CONNECTED TO A REP IN CANADA ..
That's the rule and the LAW.
It takes less than one minute to have your call re-directed to Canada.
Tonight when I got redirected to a Canadian Rep, I asked again to make sure -
and yes, she was from Calgary ..
Imagine what would happen if every Canadian Citizen insisted on talking to only
Canadian phone reps, from this day on.
Imagine how that would ultimately impact the number of Canadian jobs that would
need to be created ASAP. Let’s slow down and possibly reverse some of our
unemployment problems.
Good to know, especially since rumour has that Canada Post Customer service is
Headed to India before the New Year. A lot of us do not realize this option is open to us.
Any time you call an 800 number(for a credit card, banking, charter communications,
health and other insurance, computer help desk, etc. ) and you find that you're talking
to a foreign customer service representative(with an accent, difficult to understand/
perhaps in India, Philippines, etc.), Please consider doing the following:
After you connect and you realize that the Customer Service Representative is not
working in Canada (you can always ask, if you are not sure about the accent),
please, very politely this is not about trashing other cultures
Say, "I'd like to speak to a Customer Service Representative in Canada ."
The rep might suggest talking to his/her manager, But, again, politely say,
"Thank you, but I'd like to speak to a Customer Service Representative in Canada .."
YOU WILL BE IMMEDIATELY CONNECTED TO A REP IN CANADA ..
That's the rule and the LAW.
It takes less than one minute to have your call re-directed to Canada.
Tonight when I got redirected to a Canadian Rep, I asked again to make sure -
and yes, she was from Calgary ..
Imagine what would happen if every Canadian Citizen insisted on talking to only
Canadian phone reps, from this day on.
Imagine how that would ultimately impact the number of Canadian jobs that would
need to be created ASAP. Let’s slow down and possibly reverse some of our
unemployment problems.
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Sheldon Adelson is doing whats best for him and his wife as well as his shareholders. And why shouldn’t he? When he was trying to expand his empire overseas and got caught up in the credit crunch, no one believed in his vision and almost went bankrupt. At that time he and his wife personally took the risk and invested billions of their own money in order to keep things on track. They purchased shares I believe in the $1.00 - $2.00 range. Those same shares hit the upper $50.00 range this year. So I would say he’s done well.
LVS rocks !!!
LVS rocks !!!
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Ever wonder why Terrorist groups are funding Obama? hmmmmm it sure isnt to improve his golf game! Even Soros is helping fund Obama. How about we kick out ALL illegals in the USA, give those jobs to AMERICANS first, you know what will happen..... Imagine, unemployment goes down, health care goes down, WELFARE goes down, traffic goes down, classrooms get smaller, fuel prices goes down, INSURANCE goes down, tax rolls go UP, economy improves, fuel reserves go up.... BTW, it is like that bird feeder in your yard, attracts all those birds etc, then they become a nuisance etc. Take away their reason for staying and you get YOUR yard back! Also if people dont want a job, they GET NO Government help! You dont want to help yourself, then no one helps you!
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To be blunt, there are many, MANY Americans who clearly believe that Obama is an abject failure. I'm sure billionaires feel much the same as we little peons. Their interest in electing another does not come close to meaning that there is some grand conspiracy by the rich.
Rich and poor alike can see Obama for what he is - and if they care about this country they want to see him out of office.
Rich and poor alike can see Obama for what he is - and if they care about this country they want to see him out of office.
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Most the billionaire and millionaire have coporations...multiple ones in fact. So it really simple. Obama is going to increase the corporate tax rate. European corporate tas rates have declining. What did you say?
Yes to increase business development, to keep companies located, and to expand the corporate structures, European countries got competitive with each and cut corporate taxes. Sure am glad they Kynesian economics...right?
The average Corp tax rate in Europe is 23.5%. In the US it is at 35%.
So Obama get re-elected and will raise the corporate tax rate to 45% according to Ryan. You can kiss major corporation development in the US good bye for the next 4 years then. They will head to Europe in droves of re-locations to save 20% of their corporate tax rate.
The US firms that will stuck...will small and mid size firms that cannot relocate easily. They are now stuck with a 45% Corporate tax rate competing in the very tough world. Been there and done that. It ain't fun to make deals and to lose deals simply because you don't have the tax rates to support them. Or to foreign competition enter with cheap products because of a smaller foreign tax rate.
You say well the REP Congress will keep that from happening. Remember Obama saying 'he will now work with a REP congress'. They will trade off projects in districts for tax hikes. Slowly but surely the Corporate taxes will increase.
So why is a billionaire like Adelson in this. Just my thinking here. Adelson cannot just pick up his Las Vegas Casino and Hotel complexes and place them in Europe. He is stuck with major facilities and major operations here in the US. So? Support Romney 110%. He figures it is cheaper to donate excessively to Romney campaign that to take on Obama's future tax increases. He is making pretty good bet as well.
But look the Unions donate big to Obama as well. Obama stimulus placed about 4m millions union workers into Union this last 4 year here. Even with low wages, they are taking money from the Union dues to make large campaign donations. That is what the Supreme court decided. That both Unions and Corp can make those large donations. You say unfair. Corps have more money to donate. I say that is American politics and the law in 2012.
Yes to increase business development, to keep companies located, and to expand the corporate structures, European countries got competitive with each and cut corporate taxes. Sure am glad they Kynesian economics...right?
The average Corp tax rate in Europe is 23.5%. In the US it is at 35%.
So Obama get re-elected and will raise the corporate tax rate to 45% according to Ryan. You can kiss major corporation development in the US good bye for the next 4 years then. They will head to Europe in droves of re-locations to save 20% of their corporate tax rate.
The US firms that will stuck...will small and mid size firms that cannot relocate easily. They are now stuck with a 45% Corporate tax rate competing in the very tough world. Been there and done that. It ain't fun to make deals and to lose deals simply because you don't have the tax rates to support them. Or to foreign competition enter with cheap products because of a smaller foreign tax rate.
You say well the REP Congress will keep that from happening. Remember Obama saying 'he will now work with a REP congress'. They will trade off projects in districts for tax hikes. Slowly but surely the Corporate taxes will increase.
So why is a billionaire like Adelson in this. Just my thinking here. Adelson cannot just pick up his Las Vegas Casino and Hotel complexes and place them in Europe. He is stuck with major facilities and major operations here in the US. So? Support Romney 110%. He figures it is cheaper to donate excessively to Romney campaign that to take on Obama's future tax increases. He is making pretty good bet as well.
But look the Unions donate big to Obama as well. Obama stimulus placed about 4m millions union workers into Union this last 4 year here. Even with low wages, they are taking money from the Union dues to make large campaign donations. That is what the Supreme court decided. That both Unions and Corp can make those large donations. You say unfair. Corps have more money to donate. I say that is American politics and the law in 2012.
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ooby_dooby: Sheldon Adelson, the conservative billionaire Las Vegas casino owner, has pledged to give up to $100 million -- whatever it takes -- to defeat Barack Obama.
We know it's not out of love for Mitt Romney, so why part with so much money? As President Clinton reminded us last week, sometimes the answer is as simple as arithmetic.
So let's do the math: According to a new report from the Center for American Progress Action Fund, Adelson could see up to $2 billion in savings under Mitt Romney's tax plan versus the President's plan. That's how much Romney's policies would favor millionaires and billionaires.
If Mitt Romney wins -- $2 billion more for Adelson. If Barack Obama wins, millionaires and billionaires pay their fair share.
It's a highly cynical but straightforward calculation.
Here's how it would work for Adelson in a Romney-Ryan administration:
-- Romney would keep in place the Bush tax cuts, and cut Adelson's income taxes by an additional 20 percent. Adelson savings: $1.5 million per year on income he earns as CEO.
-- Romney's plan eliminates taxes on foreign profits like the ones Adelson makes on his Asian casinos. Adelson savings: $1.2 billion.
-- Romney's plan maintains the current low tax rate on dividends. Adelson savings: $120 million per year.
-- Romney's plan removes the estate tax. Adelson heirs save: $8.9 billion.
I honestly can't think of a more straightforward contrast in this election.
We don't have Sheldon Adelson, and with all due respect, we don't want him.
We know it's not out of love for Mitt Romney, so why part with so much money? As President Clinton reminded us last week, sometimes the answer is as simple as arithmetic.
So let's do the math: According to a new report from the Center for American Progress Action Fund, Adelson could see up to $2 billion in savings under Mitt Romney's tax plan versus the President's plan. That's how much Romney's policies would favor millionaires and billionaires.
If Mitt Romney wins -- $2 billion more for Adelson. If Barack Obama wins, millionaires and billionaires pay their fair share.
It's a highly cynical but straightforward calculation.
Here's how it would work for Adelson in a Romney-Ryan administration:
-- Romney would keep in place the Bush tax cuts, and cut Adelson's income taxes by an additional 20 percent. Adelson savings: $1.5 million per year on income he earns as CEO.
-- Romney's plan eliminates taxes on foreign profits like the ones Adelson makes on his Asian casinos. Adelson savings: $1.2 billion.
-- Romney's plan maintains the current low tax rate on dividends. Adelson savings: $120 million per year.
-- Romney's plan removes the estate tax. Adelson heirs save: $8.9 billion.
I honestly can't think of a more straightforward contrast in this election.
We don't have Sheldon Adelson, and with all due respect, we don't want him.
And who the "F" do you think is bankrolling O'Bozo?? Keep drinking the koolaide.
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Isn't it just an inevitability that every president will make you long for his predecessor?
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It just seems to me that the high moral character of Romney would
trump the immoral casino business. I do not know of any casinos
in Utah.
trump the immoral casino business. I do not know of any casinos
in Utah.
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Conrad73: didn't George Soros make a similar Pledge in '04 concerning Bush?
I want everyone to believe that I think Mr. Obama is a really great guy!
I hereby pledge not to discuss my true thoughts on Mr. Obama anymore in fear of when he pledges to declare martial law and implement the FEMA concentrations camps here in the USA. I do not want to be a captive there, chained and beaten for just being an ordinary citizen that exercised my, soon to be defunct if he's re-elected, 1st amendment rights.
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Uh duh.... why wouldn't they?
You are whose lies you want to believe.
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Not everything is always so black and white. Obama has PLENTY of support from the top one percent, and surprisingly, Romney has significant support from low income groups.
According to Gallup's polling from the tracking period of Aug. 27-Sept. 16, 34 percent of voters whose household incomes are less than $24,000 a year support Romney. Obama easily wins among those voters, earning the support of 58 percent.
As Gallup points out, a significant portion of the individuals who pay no income tax are the same voters in the lowest income bracket, roughly a third of whom intend to vote for Romney, not Obama.
Perhaps it is because so many of the newly-impoverished Americans WANT to change their situation and actually get a job.
According to Gallup's polling from the tracking period of Aug. 27-Sept. 16, 34 percent of voters whose household incomes are less than $24,000 a year support Romney. Obama easily wins among those voters, earning the support of 58 percent.
As Gallup points out, a significant portion of the individuals who pay no income tax are the same voters in the lowest income bracket, roughly a third of whom intend to vote for Romney, not Obama.
Perhaps it is because so many of the newly-impoverished Americans WANT to change their situation and actually get a job.
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I'm a one percenter. Lowest 1 percent. 
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gininitaly: http://www.alternet.org/election-2012/matt-taibbi-reveals-how-romney-made-his-fortune-it-aint-pretty-and-he-shouldnt-be?page=0%2C1&akid=9312.1115777.0JRwWM&rd=1&src=newsletter702836&t=3
Uh duh.... why wouldn't they?
You are whose lies you want to believe.
WOW Every American should read those links. They really show how Romney worked the system and got stinkin rich doing it with no regard for the struggling companies he pushed down a flight of stairs.Uh duh.... why wouldn't they?
You are whose lies you want to believe.
For every job he claims he created he put 100 hard working people on unemployment.
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ooby_dooby: WOW Every American should read those links. They really show how Romney worked the system and got stinkin rich doing it with no regard for the struggling companies he pushed down a flight of stairs.For every job he claims he created he put 100 hard working people on unemployment.
And for every 100 jobs he cut, he saved 700.
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FACT CHECK.ORG
President Obama and a super PAC that supports him are stealing a page from Newt Gingrich and Ted Kennedy in running TV ads and web videos that slam Mitt Romney for his years at Bain Capital. And, like Gingrich and Kennedy before him, Obama is lemon-picking — that is, highlighting the venture capital firm’s failed businesses and ignoring its successful ones.
Both Obama and the super PAC Priorities USA Action spotlight two businesses — Ampad and GS Industries — that filed for bankruptcy while under Bain’s control, leaving hundreds of workers unemployed. In the case of GS Industries, Bain took over a shrinking company in a difficult market and kept it operating for several years before it filed for bankruptcy (a bankruptcy that was arguably hastened by Bain’s hefty borrowing and self-enrichment). Bain purchased Ampad from a struggling parent company that was shedding jobs and assets, and then expanded it before a heavy debt burden forced it into bankruptcy.
Bain’s portfolio also includes major successes, such as Staples Office and The Sports Authority. But you won’t see them here. Indeed, Romney responded to the TV ad about the bankruptcy of GS Industries, a Kansas City steel company, with his own ad about Bain’s investment in an Indiana steel company that has grown and added thousands of employees. And Bain itself issued a statement defending its overall record, saying that “revenues grew in 80 percent of the more than 350 companies in which we have invested.”
President Obama and a super PAC that supports him are stealing a page from Newt Gingrich and Ted Kennedy in running TV ads and web videos that slam Mitt Romney for his years at Bain Capital. And, like Gingrich and Kennedy before him, Obama is lemon-picking — that is, highlighting the venture capital firm’s failed businesses and ignoring its successful ones.
Both Obama and the super PAC Priorities USA Action spotlight two businesses — Ampad and GS Industries — that filed for bankruptcy while under Bain’s control, leaving hundreds of workers unemployed. In the case of GS Industries, Bain took over a shrinking company in a difficult market and kept it operating for several years before it filed for bankruptcy (a bankruptcy that was arguably hastened by Bain’s hefty borrowing and self-enrichment). Bain purchased Ampad from a struggling parent company that was shedding jobs and assets, and then expanded it before a heavy debt burden forced it into bankruptcy.
Bain’s portfolio also includes major successes, such as Staples Office and The Sports Authority. But you won’t see them here. Indeed, Romney responded to the TV ad about the bankruptcy of GS Industries, a Kansas City steel company, with his own ad about Bain’s investment in an Indiana steel company that has grown and added thousands of employees. And Bain itself issued a statement defending its overall record, saying that “revenues grew in 80 percent of the more than 350 companies in which we have invested.”
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ooby_dooby: WOW Every American should read those links. They really show how Romney worked the system and got stinkin rich doing it with no regard for the struggling companies he pushed down a flight of stairs.For every job he claims he created he put 100 hard working people on unemployment.
the guy is a crook , everybody knows it, he does not have a plan, when they ask him what is your plan, he answers after election, he hide his own income taxes, and accuses every one of taking well fare, while under Obama administration, the corporation profits are the highest in the USA history and effective corporation tax rates are the lowest in the USA history, all that while the lower income class and the middle class still paying the same rate, so the 98% of the people are paying their share fair and square and the 1% are the one that are taking well fare and lobbying the government and politicians for more, it is time to stand up against these corrupt politicians with peanut brains
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- Who will be The Last Person To Post... VERSION FOUR
- Would you hire this guy - for any job?
- More Proof The GOP is a Criminal Organization
- See It All The Time
- I'm a 53 YEAR'S YUNG MAN that lives back in the 80s
- Unions support Democrats!
- Ladies
- Democrats destroyed America
- Why is this shameful?
- beauty of the heart
We know it's not out of love for Mitt Romney, so why part with so much money? As President Clinton reminded us last week, sometimes the answer is as simple as arithmetic.
So let's do the math: According to a new report from the Center for American Progress Action Fund, Adelson could see up to $2 billion in savings under Mitt Romney's tax plan versus the President's plan. That's how much Romney's policies would favor millionaires and billionaires.
If Mitt Romney wins -- $2 billion more for Adelson. If Barack Obama wins, millionaires and billionaires pay their fair share.
It's a highly cynical but straightforward calculation.
Here's how it would work for Adelson in a Romney-Ryan administration:
-- Romney would keep in place the Bush tax cuts, and cut Adelson's income taxes by an additional 20 percent. Adelson savings: $1.5 million per year on income he earns as CEO.
-- Romney's plan eliminates taxes on foreign profits like the ones Adelson makes on his Asian casinos. Adelson savings: $1.2 billion.
-- Romney's plan maintains the current low tax rate on dividends. Adelson savings: $120 million per year.
-- Romney's plan removes the estate tax. Adelson heirs save: $8.9 billion.
I honestly can't think of a more straightforward contrast in this election.
We don't have Sheldon Adelson, and with all due respect, we don't want him.