By Bill O’Reilly
On “60 Minutes” final night a President and Governor Romney did not contend anything new. But it was a approach they pronounced what they pronounced that was many interesting.
The President looked a small jumpy generally when Steve Kroft started ticking off things that he betrothed to do yet has not done. Mr. Obama progressing a unfortunate economy altered all of his plans.
Meantime Mitt Romney looked a bit some-more lawful even when dodging a question.
(BEGIN VIDEO CLIP)
MITT ROMNEY (R), PRESIDENTIAL NOMINEE: I will not reduce a share of taxes paid by high income individuals. And we will make certain that we move down rates, we extent deductions and exemptions so we can keep a progressivity in a formula and inspire expansion in jobs.
PELLEY: And a demon is in a details, though. And what are we articulate about — a debt deduction, a free deduction.
ROMNEY: The devils is in a details; a angel is in a process that is formulating some-more jobs.
(END VIDEO CLIP)
O’REILLY: Well, it’s apparent Mitt Romney does not wish to contend what deductions and taxation exemptions he would proviso out. That’s since there are tons, tons of unintended consequences for tying debt deductions, free donations, things like that. The Governor simply doesn’t wish to understanding with a fallout in a center of his campaign.
But we trust Romney does wish to facilitate a taxation formula and keep a rich essential distant some-more sovereign taxation than anybody else.
Now on a theme of Romney’s possess money, there is bias going on. The Democrats contend this.
(BEGIN VIDEO CLIP)
UNIDENTIFIED MALE: Mitt Romney paid only 14.1 percent in taxes final year. He keeps millions in Bermuda and a Cayman Islands. He won’t recover his taxation earnings before 2010. Maybe instead of aggressive others on taxes Romney should come purify on his.
(END VIDEO CLIP)
O’REILLY: Well, a Governor has come clean. He expelled his 2011 taxation lapse final week. He paid a bit some-more than 14 percent in sovereign taxes since his income is warranted from investments and that’s a long-term collateral gains rate.
So, what’s a problem? President Obama wants to lift a top gains taxation that competence really good delayed down investment in American companies. we positively wouldn’t buy as many bonds since a risk/reward becomes built opposite a investor.
The batch marketplace is already a casino with strategy all over a place. There is no doubt that if a feds make investing reduction essential by lifting a taxation on gains, there will be reduction investment. And if there is reduction investment, there will be fewer jobs.
Are we conference me on this, President Obama?
Now, a media should know a disproportion between a income taxation and a top gains taxation yet they select not to news it. Instead, they trick folks with a meditative that Romney is not essential his satisfactory share.
Warren Buffett indeed started all a stupidity and that’s what it is… madness. Once again, if we make investing harder, fewer people will invest.
Finally, let’s take a demeanour during what all a possibilities paid a feds in 2011. The initial line adult there, that’s what all a guys made. All right, sum income with Romney apparently distant in a lead. The second line is what they all gave to charity. Paging Joe Biden, 1.5 percent of your income not impressive. Romney donated 30 percent of his income to charity. President Obama 22 percent.
The third and fourth lines adult there are what a possibilities indeed paid to a feds. Once again, Governor Romney distant in a lead.
Now, this isn’t a pro-Romney articulate points. This is a satisfactory “Talking Points”. Memo to a media we competence wish to try it.
And that’s “The Memo.”
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