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tax-cut tax-cut code was definitely related to mit romney
and he didn't mention that romney but when you talk about
people should pay a fair tax this isn't about being envious of rich people
and he even reference themself which was i thought interesting because a lot of
the times during the state of the union address the president will not really
reference himself in the grand context of what he's discussing the president
obama said
people like me
who can afford to pay more taxes are not going to stimulate the economy
by getting a tax break and that's exactly what we've been saying
for a long time and it's just logical basic economics tells you that
absolutely
and it was a reference to mit romney because just hours prior mit romney
released his tax returns we were going back and forth for
awhile now that is never undergoing a release these tax returns are isn't he
going to
and i have to tell you louis the tax returns are disturbing
not at all
because misra mit romney makes a lot of money
everybody knew mit romney made a lot of money every when u mitt romney had a lot
of money
the question was based on his tax policy
and based on the taxes he pays
and based on a statement about being unemployed just with the group of
unemployed voters he said that you
or saying you know i i really did work i just kind of did a little speaking and
made not too much money turned out to be close to four hundred thousand dollars
uh... those comments make the tax returns disturbing and will go through
it and uh... one of the biggest things is uh...
when we look at the tax returns is that mit romney pays
he sees around fifteen percent effective tax relief it thirteen point nine
percent tax
on the over twenty million dollars that he made last year
uh... earned twenty ten
and when you look at that and you say hold on a second
what was his own tax proposal due
it could cut
his tax rate
even more
you have to say to yourself is this guy really looking out for middle-class
people and if you're one of these republicans who says i believe in the
american dream itu may one day be rich
you need to understand the odds of you ever being as rich as mit romney
infinite awsome on the were talking about one it one in a billion all
probably better than that
slightly better than one inability a
and uh... when you look at that you save rodney make them more in the average day
than the average person makes in a year and he's paying half the tax rate
that's a question of fair is not a question of them
and if you would think republicans would get that because republicans like the
ability to make a lot of money and you would think they like which people too
so wise mit romney going out of his way to shield his income
for a while
he's arguing with newt gingrich during debates about who actually makes less
at a republican debate arguing about who makes less
i thought the argument was about who made more
well fairness is uh...
he suggested for a company
if everybody pays the same tax-rate could now be considered fair
uh... no what some people might consider fair and by the people who think
logically wouldn't
uh... humming you first think logically
well i guess we'll see
uh... the other thing also is that romney has paid almost no payroll taxes
because he did make most of that money doing uh... not as earned wages he's
paying almost no payroll taxes you paid any payroll tax at all
so you have to figure and that's in that sense he's actually contributing almost
nothing to medicare
social security
and all of those programs that presumably
are patriotic
that are there to help people
mitt romney's is investing almost nothing in those programs
uh... and then the most interesting thing for me that the act of all of this
is where mitt romney is keeping some of his money louis mit romney keeping money
investing money in
the cayman islands
and he has money in
so west bank accounts
he has money in luxembourg
wait a second lady in gentlemen this is the mit romney who criticizes
president obama for wanting to move to a european style nation
he criticizes europe
turns out he speaks french unmet and newt gingrich criticizes him for that
because it's seen as a negative within the republican party
and that's where he keeps his money
he must like something about their economic system a few feels that it has
led to this
cave in
for keeping his money say four were men who has no faith a deep in our economic
system or maybe that's what it means maybe romney has such a little faith in
the american economy
that he is moving his money elsewhere but you know what
you have go do you have to go to europe
is that really where you have to go if you don't like europe so much and you
dislike everything about european society dot three are putting their body
or you could go to canada or mexico and somebody'd said that he closed his swiss
accountant twenty ten because it might have been politically embarrassing
well it is
it's politically embarrassing luxembourg is politically embarrassing
cayman islands investments are politically embarrassing because it's a
known tax haven this is an they're saying and it's not being made a big
deal out
it's it's really not there is nothing patriotic about moving your money
offshore there's certainly nothing patriotic about investing
less than fifteen percent of your income
of what someone earning fifty thousand dollars a year would make is making that
in a day s
lucky guy
anybody to present mold that's the thing if it burned and so people will play and
i'll say what you know what we need a person with good business sense to be
the president
what president have we had
that's been a successful president with the business background
i can think of one
and you know what actually heard last night on the lawrence o'donnell show
tempo lundy say you know who did ronald reagan he was kind of a business guy and
he was he was kind of self-employed as he was an actor he worked for himself
ronald reagan was the president of the actors union
he was the president of the union
which is supposedly evil
ronald reagan is the best you can do to save businesspeople are good presidents
there are no examples of it so the idea that mitt romney's business background
makes them a good presidential contender completely bogus alibis all we have no
evidence of that we have no weapons us so we can save a contrary we can say
would be a
that day now we can say that the other server reporting to that as a positive
is based on nothing right now
um... okay