In the end, Rubio’s thirsty moment probably won’t amount to a drop in the proverbial bucket.
Most of the nontaxpayers in the infamous 47 percent cited by Mitt Romney live in reliably Republican states in the South.
Republican vice presidential candidate Paul Ryan has proposed reforming Medicare, but the details are unclear and the outcome even hazier.
One Texas billionaire really wants President Obama to lose the election. And he’s putting part of his considerable fortune to work to try to make that happen by donating millions to super political action committees, or PACs.
Harold Clark Simmons, whose net worth is estimated at $10 billion, doesn’t state a preference for a particular Republican candidate. He just wants a Republican president and a GOP majority in the House and Senate. In a profile in the Wall Street Journal, he called Obama a socialist and says Republicans will rescue the economy from the current president’s agenda. He’s in favor of business deregulation and tax reform.
The House Republican budget proposal for 2013 calls for reducing the current top income tax rate from 35 percent to 25 percent, resulting in Democrats accusing the Republicans of protecting rich taxpayers at the expense of the middle class.
Uncle Sam wants your income.Under the new budget, introduced by Wisconsin Republican Rep. Paul Ryan, there would be two individual tax brackets, 15 percent and 25 percent. The alternative minimum tax, which was designed to eliminate deductions that favor the wealthy, would be eliminated. It’s not the first time the AMT has come under fire since it began sweeping in more middle-class taxpayers instead of targeting only the wealthy.
Republican presidential candidate Mitt Romney leads in more than the Republican primaries: He’s the richest candidate in a decade, with a net worth of approximately $250 million. The last candidate to top that figure was Steve Forbes, the publishing magnate who ran in 2000. His personal net worth is estimated to be $450 million. But