Here's something President Obama and Mitt Romney agree on: America's tax system is too complicated. Both men have outlined changes that are broadly similar, but with some important differences.
Today's tax code is like a department store, where the price tags are high, but there are lots of coupons, sales and weekend specials. That creates some inequities. Just as shoppers can pay different prices depending on which day they buy, taxpayers with the same income can pay very different rates depending on which deductions they qualify for.
Job seekers fill out applications Aug. 21 at a construction job fair in New York. Polls show voters want the presidential candidates to provide more details on how they would reduce unemployment, change tax policy and alter government spending.
As this presidential election year was kicking off, strategists were saying the focus would be on the economy. But now — even as absentee ballots are being filled in — the candidates are still dodging details about how to improve growth.
"President Obama doesn't have a plan," says Kevin Hassett, an economic adviser to Republican candidate Mitt Romney.
Jeffrey Liebman, an economic adviser to President Obama, says Romney has revealed no plan other than "going back to the failed policies of the past decade."
One former president, one would-be: Republican presidential nominee Mitt Romney (left), spoke this morning at former President Bill Clinton's annual forum in New York City. President Obama addresses the Clinton Global Initiative later today.
Saying that foreign aid must play a role in bringing peace to the Middle East, Republican presidential nominee Mitt Romney made the case today for what he calls "prosperity pacts" that would aim U.S. assistance packages at nations that develop "the institutions of liberty, the rule of law, and property rights."
Romney was addressing the Clinton Global Initiative in New York, a forum that will host President Obama later today.
If he's elected in November, Romney said (per his prepared remarks):
The first official presidential debate isn't until Oct. 3 in Denver. But as The New York Times writes, last night on CBS News' 60 Minutes there was something of a "shadow debate that offered a likely preview of the tone and substance" of what will happen on stage next week.
Originally published on Thu September 20, 2012 5:46 pm
President Obama may have the overwhelming support of Latino voters in his race against Republican Mitt Romney, but that didn't get him a free pass during his appearance Thursday at Univision's presidential candidate forum.
Obama faced repeated tough questions from the hosts of the forum on the Spanish-language channel, and from some in the audience, for his failure to deliver on his promise as a candidate in 2008 to push comprehensive immigration reform during his first year in the White House.
Originally published on Thu September 20, 2012 1:03 pm
With less than seven weeks to go before the presidential election, former Minnesota Gov. Tim Pawlenty is leaving his job as co-chairman of the Mitt Romney campaign to take a top Washington lobbying job.
Pawlenty, 51, will become the next CEO of the Financial Services Roundtable, whose 100 members include many of the nation's largest banks and insurance and securities companies.
Four years ago, then-presidential candidate Barack Obama was greeted warmly at the Congressional Hispanic Caucus Institute's awards gala in Washington, D.C. Polls show Obama retains strong Hispanic support this year, but also that many who are eligible don't plan to vote.
Originally published on Fri September 21, 2012 9:13 am
There appears to be no question that President Obama will win the lion's share of Hispanic support. But there are still very big questions to be answered about how many votes such support will translate into.
"What we know is that we don't know," says Ruy Teixeira, a political analyst at the Center for American Progress, a progressive think tank.
"If you're the Obama campaign, there's cause for concern, because at least so far, [Hispanic support] is not translating into encouraging data on the turnout front," he says.
Kansas City, Missouri voters will decide on only one city ballot measure in November, and it won't be the proposed blight-relief fees for billboard companies or a "no nukes" initiative from Peace Planters.
Originally published on Wed August 22, 2012 11:55 am
GOP officials and the Mitt Romney campaign have cut a deal with Texas Rep. Ron Paul's campaign to allow some — though not all — of Paul's delegates from Louisiana and Massachusetts to be seated at the Republican National Convention. The status of Maine's delegates remains unsettled.
The compromise would appear to avert a potential public clash with Paul supporters during the convention's opening day Monday.
Republican Senate candidate Todd Akin is apologizing for comments he made yesterday about rape that touched off bi-partisan criticism and outrage. Akin, who is running for the Senate seat in Missouri held by Democrat Claire McCaskill, told a television interviewer this weekend that women's bodies are able to prevent pregnancy caused by what he termed legitimate rape. Akin now says he made a mistake, but that he wont drop out of the race. Still, republicans from Mitt Romney on down are distancing themselves from him.
Originally published on Mon August 20, 2012 8:20 pm
Saying that the comments "don't make sense to the American people" and were "way out there," President Obama just weighed in on the controversial remarks made over the weekend by Rep. Todd Akin, R-Mo., who said in a television interview that "if it's a legitimate rape," it's rare for a woman to get pregnant and therefore want an abortion.