Wednesday, January 18, 2012

Gingrich Injures Romney and Hurts Republicans' Defense of the Rich

Newt Gingrich, who apparently doesn't want anyone to be president if he can't be, has damaged Romney for the general election and destroyed a Republican argument.

You see the Republicans always say taxes are too high and can't be raised, in combination with budget cuts, to fix our astounding deficit problems.

If Romney has earned $200,000,000  from taking over companies and firing people and only pays 15 percent in taxes, how is our system of government fair. How should those born again, anti abortion people feel about someone who makes a fortune, yet pays less taxes than they do?

There should be taxes on oil companies. General Electric should pay taxes as they help China build an aircraft  to compete with Boeing, the American company that helps so much in decreasing our deficit with China in balance of payments.

Romney doesn't pay any more than 15% in taxes because there's a special law for buyout fund managers that lets them count their work as capital gains so that limits their tax rate to 15%. In other words because he didn't create anything, or build anything, or work at a real job, he gets lower raxes than other people who go to work every day and try to make enough to feed their families.

Newt Gingrich didn't just injure Romney, he injured the Wall Street fat cats who used Republican concepts to avoid paying their fair share.

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