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Mitt Romney IS the 1%

Mitt Romney is the perfect example of what the Occupy movement has been talking about. He’s in the top 1% of the top 1% (actually, the top 0.006%). According to one article, “Just 8,274 federal tax returns out of more than 140 million filed in 2009 had income that totaled $10 million or more” Executive bling: Where does Romney stack up with previous presidents? – DailyHerald.com »

Most progressive tax cut ever!

President Obama proposed a 2% cut in the Social Security payroll tax, which Congress passed last year but Republicans resist extending through 2012. Too little attention has been given to how progressive this tax cut is. That’s because the payroll tax is the most regressive tax in America. Employees pay 6.2% of their income up to $110,100, and nothing above that. For an employee who makes $110,100 or less, that’s a tax rate of 6.2% on top of whatever income tax the employee pays. But an employee who makes 10 times that amount ($1,101,000) pays 0.62% of his income. And Mitt Romney, who made $21,646,507 in 2010, paid less than 0.14%. In contrast, cutting the payroll tax by 2% saves... »

South Carolina memories

what is this? Watching the South Carolina Republican primary results tonight brought back warm memories of the 2008 South Carolina Democratic primary. I was a voter protection lawyer for the Obama campaign assigned to a majority-black rural area southeast of Columbia. The voters were proud of their role in helping to elect America’s first black President. After the polls closed, we returned to Columbia in time to be present for Sen. Obama’s victory speech. Later that evening, one of my best friends called to read me Caroline Kennedy’s op-ed in the NYTimes (“A President Like My Father“), which moved me to tears. I was 10 years old when her father died, and I̵... »

Andrew Sullivan gets it

Andrew Sullivan is one of the most articulate, perceptive observers of politics. He was right in 2008 and he’s right now.Andrew Sullivan: How Obama’s Long Game Will Outsmart His Critics – The Daily Beast »

The Onion does it again

The Onion has some of the best political satire of our time. “You can help 40 million Americans receive health care, sign legislation that regulates a financial system run amok, give the order to kill Osama bin Laden, help topple Muammar Qaddafi’s tyrannical regime without losing the life of one American soldier, end the war in Iraq, repeal Don’t Ask, Don’t Tell, stave off a second Great Depression, take out more than 30 top al-Qaeda leaders, and somehow everyone still calls you the next Jimmy Carter.” Obama Openly Asks Nation Why On Earth He Would Want To Serve For Another Term »

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