Jul 14, 2012 by BarackObamadotcom
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Before President Obama delivered remarks at Kirkwood Community College in Cedar Rapids, he visited the home of Jason and Ali McLaughlin to discuss the need for Congress to extend the middle-class tax cuts that would prevent a tax hike on all families earning less than $250,000.
As a result of the tax cuts President Obama has already signed into law, the McLaughlin’s have received a total of about $4,900 in tax relief over the President’s first term. President Obama has committed to extend the middle class tax cuts that expire at the end of this year–if these tax cuts expired, the McLaughlins could face a tax increase of about $2,000.
In his speech, President Obama outlined his plan to build an economy from the middle out, not the top down, by ensuring hard work pays off and responsibility is rewarded, making critical investments in education and clean energy, and by reforming our tax system to restore middle class security and pay down our deficits in a balanced way.
It’s been a busy week. Here are three big stories from ThinkProgress you might have missed:
Igor Volsky Deputy Editor, ThinkProgress
Republicans Agree That Mitt Romney Needs to Come Clean
It’s not just people on the left who are concerned about Mitt Romney’s outsourcing of American jobs at Bain Capital, his shady foreign finances, and what’s hidden in his tax returns. Some Republicans also agree that his record is fair game and that Romney needs to come clean and release more of his tax returns.
Here’s the rundown.
Former RNC Chairman Michael Steele:
“If there’s nothing there, there’s no ‘there’ there, don’t create a ‘there.’ Put out as much information as you can. Even if you don’t release 12 years worth of tax returns, at least three, four, five. ”
Rep. Walter Jones (NC):
“I think he should release his financial records and I think if he does it in July it would be a lot better than in October,” Jones told CNN. Romney’s extension for completing his latest tax return goes until October.
“Obviously people know he’s rich, nobody holds that against him,” Jones said, but added, “whenever you are asking for the vote of the American people that you need to fully disclose what your holdings are, if you have any.”
Jones said he’s not a financial expert, but he said Romney should release the last 6 -7 years of records.
Rep. Pete Sessions (TX), who chairs the House Republican re-election effort:
“His personal finances, the way he does things, his record, are fair game,” Sessions said. While he declined to name a specific amount of information or number of years’ worth of tax returns Romney should release, he called the issue a “legitimate question.”
Former RNC Chairman and Mississippi Gov. Haley Barbour:
Barbour told CNN Tuesday that he would release the returns if he was in Romney’s shoes. “I would. But should it be an issue in the campaign? I don’t think it amounts to diddly.”
Republican stragesist Rick Tyler:
“Mitt Romney had an opportunity to answer these questions during the primary,” said Rick Tyler, who ran the pro-Gingrich super PAC that spent millions attacking Romney on the Bain issue. “ He did not answer these questions and now they’re coming up again.”
Tyler warned that the newest Bain twist has the potential to inflict real harm if Romney doesn’t start providing answers.
“I saw Andrea Saul’s robotic response, which was the same as it’s always been,” Tyler said, referring to Romney’s press secretary. “That doesn’t comport with documents that have his name on it after 1999 that list him as CEO who was making money off of transactions. If he wasn’t making money from Bain, then his tax returns from the period in question would reveal that.”
Tyler said Romney needs to be frank and provide all the details necessary to explain his role in the company after 1999. He hypothesized that there could be more documents to come.
“Only [Romney] can provide that information,” Tyler said. “Or we’ll just have drip, drip, drip to November.”
Republican strategist Ana Navarro:
“I feel like we are watching a rerun of an episode from the Republican primary with the return of the releasing of taxes issue,” she said. “It turned into a big deal during the primary, and pretty much got diffused when he released the one-year of returns. I wish he’d hurry up and release more tax returns so this distraction would go away.”
It’s also worth remembering that one of Romney’s own Republican rival, Texas Gov. Rick Perry, first called on Romney to release his tax returns way back in October. Perry followed up during a debate in January:
“It is important for Mitt to release his tax returns. The fact is we can’t fire our nominee in September.”
IN ONE SENTENCE: There is bipartisan agreement that Mitt Romney needs to release his tax returns so we can get to the bottom of his record at Bain Capital, secret Bermuda corporation, shady foreign accounts, and the unfair loopholes and tricks he used to pay an ultra-low tax rate.
Evening Brief: Important Stories That You May Have Missed
Why Mitt Romney’s story about Bain just doesn’t add up.
The Senate will vote on the DISCLOSE Act next week and the NRA is already threatening senators.
Even if automatic cuts go into effect in January, defense spending will still be larger than it was in 2006.
Thirteen reasons why this is the worst. Congress. Ever.
This week’s chronicle of Mitt’s mendacity.
Lizz Winstead on her edgy material, hecklers, and new memoir.
The Washington Post’s fact checker has jumped the shark.
Other recent Progress Reports
Jul 12, 2012: Who Exactly is Mitt Romney Lying to?
It’s Time for Mitt Romney to Come Clean An explosive report in today’s Boston Globe has raised even more questions about Mitt Romney’s record at Bain Capital and what he’s hiding in his tax returns. Here’s the rundown. WHAT MITT ROMNEY SAYS: He says left Bain Capital in February 1999 to go run the Olympics [...]
Jul 11, 2012: The GOP Just Won’t Get Over It
31st Time the Charm? Nope. Republicans refuse to get over the fact that they flat out lost the fight over health care — first in Congress, then at the Supreme Court. They just won’t move on to other things like, say, jobs and the economy. This bizarre obsession with health care played out once again [...]
Jul 10, 2012: Paris Hilton is NOT a Job Creator
Middle Class Workers Are the Real Job Creators As we discussed yesterday, Republicans always falsely claim that we can’t raise taxes on the wealthy because they are the “job creators.” In addition to the fact that the Bush tax cuts for the wealthy did not and will not create jobs, cutting edge new economic research confirms what [...]
Jul 9, 2012: You’re Being Held Hostage
It’s Time for the GOP to Set the Middle Class Free Republicans are at it again. They’re taking middle class tax cuts hostage in order to protect tax cuts for the wealthiest Americans — including millionaires and billionaires. Today, President Obama and Democrats called for an immediate extension of the Bush tax cuts for everyone making [...]
|Handcuffed, barefoot women rarely pose much of a threat to police, particularly if they’re seated on the ground. But when an arrested woman in Rhode Island kicked out at the police officer arresting her, he responded as if she’d actively threatened him — by kicking her in the face. We must set a precedent for making brutalities like these unacceptable. »
Though he was convicted of felony battery, which carries a maximum 20-year prison sentence, Krawetz will spend no time at all in prison. And it will take a special hearing to remove him from the force.
Krawetz’s assault was caught on video. The woman was unable to break her fall as the kick slammed her head on to the curb.
Police forces are on the streets to protect us, not to subject us to more violence. We must demonstrate that actions like Officer Krawetz’s will not go unnoticed.
Big news this week in the coal industry: Patriot Coal, the third-largest mountaintop removal (MTR) coal mining company, is filing for bankruptcy.
the Senate Convenes: 2:00pmET July 16, 2012
- Following the prayer and pledge, the Majority Leader will be recognized.
- At 5:00pm, the Senate will proceed to Executive Session to consider Executive Calendar #662, the nomination of Kevin McNulty, of NJ, to be United States District Judge for the District of New Jersey with up to 30 minutes of debate equally divided and controlled between Senators Leahy and Grassley or their designees. Upon the use or yielding back of time (at approximately 5:30pm), there will be a roll call vote on confirmation of the McNulty nomination.
- Following disposition of the McNulty nomination, the Senate will resume Legislative Session and there will be 10 minutes of debate equally divided and controlled between the two Leaders or their designees prior to a roll call vote on the motion to invoke cloture on the motion to proceed to Legislative Calendar #446, S.3369, the Democracy Is Strengthened by Casting Light On Spending in Elections (DISCLOSE) Act. As a reminder, cloture was filed on the motion to proceed to S.3369 on Thursday, July 12th.
- Therefore, Senators should expect the following beginning at 5:30pm on Monday:
- Roll Call Vote on Confirmation of Executive Calendar #662, the nomination of Kevin McNulty, of NJ, to be United States District Judge for the District of New Jersey
- 10 minutes of debate
- Roll Call Vote on the motion to invoke cloture on the motion to proceed to Legislative Calendar #446, S.3369, the DISCLOSE Act.
5:31pm The Senate began a roll call vote on confirmation of Executive Calendar #662, Kevin McNulty, of New Jersey, to be United States District Judge for the District for the District of New Jersey; confirmed: 91-3 (1 voting present)
6:08pm The Senate began a roll call vote on the motion to invoke cloture on the motion to proceed to S.3369, the DISCLOSE Act; Not Invoked: 51-44
Senator Reid entered a motion to reconsider the cloture vote on the motion to proceed to S.3369, the DISCLOSE Act. We expect to reconsider the failed cloture vote at a time to be determined tomorrow, Tuesday, July 17.
During Monday’s session of the Senate, cloture on the motion to proceed to S.3369, the DISCLOSE Act was not invoked by a vote 51-44. Senator Reid entered a motion to reconsider this vote.
By unanimous consent, at 3:00pm on Tuesday, July 17th, the motion to proceed to the motion to reconsider the vote by which cloture was not invoked will be agreed to, the motion to reconsider will be agreed to and there will then be a roll call vote on the motion to invoke cloture on the motion to proceed to S.3369, the DISCLOSE Act, upon reconsideration.
ROLL CALL VOTES
1) Confirmation of Executive Calendar #662, Kevin McNulty, of NJ, to be United States District Judge for the District of New Jersey; 91-3-1(present)
2) Motion to invoke cloture on the motion to proceed to S.3369, the DISCLOSE Act; Not Invoked: 51-44
Adopted S.Res.520, commending the National Association for the Advancement of Colored People on the occasion of its 103rd anniversary.
Adopted S.Res.521, designating September 2012 as “National Spinal Cord Injury Awareness Month”.
Adopted S.Res.522, designating September 2012 as “National Child Awareness Month”.
Adopted S.Res.523, recognizing the heroic efforts of firefighters and military personnel in the United States to contain numerous wildfires that have affected tens of thousands of people.
The next meeting in the HOUSE is scheduled for 12:00 p.m. on July 17, 2012.