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Of Guns And Money, Lies And Loopholes

In articles today from the Associated Press and ABC, we get more perspective on the two Presidential candidates who will win and lose in about six weeks.  Our first article is about President Obama fielding questions in a Univision interview.  Apparently Univision has no desire to throw the President softball questions, and raised the issue of “Fast and Furious”:

Asked about the Fast and Furious program at the Univision forum on Thursday, President Obama falsely claimed that the program began under President George W. Bush. 

“I think it’s important for us to understand that the Fast and Furious program was a field-initiated program begun under the previous administration,” the president said. “When Eric Holder found out about it, he discontinued it. We assigned an inspector general to do a thorough report that was just issued, confirming that in fact Eric Holder did not know about this, that he took prompt action and the people who did initiate this were held accountable.”

In actuality, the Fast and Furious program was started in October 2009, nine months into the Obama presidency.  White House officials did not respond to a request for comment after the falsehood was pointed out to them.

What do we take from this?  One, the President sat there with a straight face and lied, fully believing that because he said it, the falsehood would become true.  Two, the Justice Department is being run by someone who is so far out of the loop that he wasn’t aware of this rogue operation, or if he was aware ignored or condoned it.  Since he claimed “executive privilege” to prevent the release of relevant documents, we won’t know the truth behind this for some time to come.

Then we come to the issue of Mitt Romney and his taxes.  Just released returns for 2011 show that Mitt and his wife under-claimed their charitable deductions.

“Romney and his wife, Ann, donated roughly $4 million to charities last year, but they only claimed a deduction of $2.25 million on their tax return….”

Most of us on the Right have been saying for some time that wealthy Americans are always welcome to write out additional checks to the Government if they feel they are not being taxed enough (Mr. Buffett could just pay what his companies actually owe).  By under reporting his charitable deduction, Romney is doing just that.  So what is the Democrat response to this?

Stephanie Cutter, deputy campaign manager for President Barack Obama, said the release of Romney’s 2011 tax returns “confirms what we already knew – that people like Mitt Romney pay a lower tax rate than many middle-class families because of a set of complex loopholes and tax shelters only available to those at the top. Yet, Mitt Romney still wants to give multimillionaires an additional $250,000 tax cut at the expense of middle-class taxpayers who will see their taxes go up.”

What?!  Is that the complex set of loopholes and shelters that are 100% legal, and written into the tax code by largely Democrat members of Congress?  Thank you, mister Rangel.  Democrats are still so clueless on economics that they refuse to acknowledge the difference between wages and investment income, and the levels at which each are taxed.  How can they write the tax code and still not get it?  As for the middle-class seeing their taxes increase, yes they will but it is more likely from fewer people paying income taxes because they are unemployed, oh yeah and that Obamacare thingy.  Our capitalist system is not a zero sum game.  Every penny Romney makes is not a penny taken from me or any other middle class citizen.  Any politician in Washington who doesn’t like Romney taking every deduction he is entitled to, needs to get to work revising the tax code.  Of course that might affect their own deductions and credits…hmmm, not going to happen.

One last point about rich people:  I am not, have never been and probably never will be “rich”.  But I am glad there are rich people.  God bless them and I hope they continue to be successful.  I have never worked for a poor man.  How many Americans are working today because of names like Gates, Buffett, Walton and Bezos?  These are the people who drive innovation and development in this Country.  They are the fuel of our economic engine, and they will bankroll and support viable technologies in transportation, energy and manufacturing.  They also generously support programs for the less fortunate in America.  How many politicians in this Country give $4 million dollars to charity each year?  How about that Dems?   (Crickets…)

Originally posted on 09/22/2012 at ConservativeCompass.com

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