Mitt Romney will push for a fundamental redesign of our tax system. He recognizes the need to simplify the system. He also recognizes the need both to lower rates and to broaden the tax base so that taxation becomes an instrument for promoting economic growth. As president, Romney will hold the line on individual income tax rates and eliminate taxes on interest, dividends, and capital gains for low- and middle-income taxpayers. He will eliminate the estate tax. And he will pursue a conservative overhaul that applies lower and flatter rates to a broader tax base.
Romney will also reform the corporate tax system. He will immediately lower the corporate income tax rate, and then explore opportunities to further lower the marginal rate while broadening the tax base. He will also begin the process of transitioning to a territorial corporate tax system. A territorial system must be designed to encourage multinational companies to bring their profits back into the U.S. and it must avoid the creation of incentives for outsourcing. _________________ Top 100 Greatest Music Albums by RFNAPLES Bubbling Under The Top 100 Greatest Mus...y RFNAPLES
I understand the value of this story, and I applaud Mitt Romney for it. However, it loses some of it's luster when his campaign team draws attention to it for support. True heroes don't seek attention for what they've done.
But I guess that's the nature of politics. It's not for the humble.
Super PACs are not allowed to coordinate directly with candidates or political parties since they are independent. They are officially known as "independent-expenditure only committees".
They are also completely anonymous, and are notorious for exaggerations and lies. Which is easy when they are completely hidden and no one can question the things they say because there is no way to talk to them. They exist on paper only with a website that takes you nowhere and a single contact person who cannot be found.
Candidates who find themselves endorsed by these "committees" are helpless in that they cannot stop them from giving support, even if their tactics are not what the candidate agrees with, and even if the candidate does not agree with the support.
Candidates who find themselves under attack by these "committees" are also helpless, because they are being attacked by an invisible aand faceless enemy, against which defense is pretty much impossible.
The absolute worst kind of political advertising....zero accountability, and too afraid to show their faces.
A super PAC cannot accept foreign funds nor coordinate directly with a candidate. The federal government requires disclosure of independent expenditures and electioneering communications, regardless of whether the speaker is a corporation. Super PACS help equalize the influence of corporations and unions that can pool small contributions from many employees or union members.
Restore Our Future, Inc., www.restoreourfuture.com, is not authorized by any candidate or candidate's committee. With just a little effort anybody, even a moderator, can glean all the information about a Super PAC, its leadership, contributors, expenditures and address.
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