To the editor:
This is the time of the year, just before election time, that the fact-checkers start telling us which candidate is telling us the most lies. Since each one says the other one is lying, you're going to have to use common sense concerning the fact checkers. I believe the Democrats are telling the truth more often, particularly on a couple of big issues.
First one is paying taxes in the fairest way to reduce the deficit which is the individual income tax must be based on ability to pay. That's why President Franklin Roosevelt had 10 different tax brackets based on your income and expenses which tax preparers would put into. Democrats want the higher income people to pay at a higher tax rate or bracket.
Republican Mitt Romney wants to lower the top rate down to 28 percent from 35 percent because he believes that wealthy people and the corporation are the ones creating the jobs. Evidently, he's not even aware of where his own income tax is generated from because he has a lot of wealth hidden offshore, which is exactly why he doesn't want to release any more than two years of his income tax returns. That, along with many corporations moving their plants abroad, proves the Democrats are correct in the fact that corporations don't get any tax breaks unless they keep themselves and their company in this country.
Another issue: Since these billionaires, particularly if they're in private equity or hedge funds, who buy U.S. companies and move them abroad for the purpose of getting cheap labor and the fact that they have no unions so they can accumulate even more profits for themselves. This is why the Republicans say they're going to get rid of the Dodd-Frank Bill because this Democratic bill wants to put some restrictions on these unregulated hedge fund dealers who are financing those corporations in selling out their own country and this issue was brought up in the first debate. Rather than making a better or stronger banking bill, the Republicans want a week bill or none at all.
Like Mitt Romney said, "We're going to save money because we're going to cut funding for public television and radio. In short, we're going after Big Bird." That happens to be my favorite television and radio stations because public radio has talk radio.
This is the time of the year, just before election time, that the fact-checkers start telling us which candidate is telling us the most lies. Since each one says the other one is lying, you're going to have to use common sense concerning the fact checkers. I believe the Democrats are telling the truth more often, particularly on a couple of big issues.
First one is paying taxes in the fairest way to reduce the deficit which is the individual income tax must be based on ability to pay. That's why President Franklin Roosevelt had 10 different tax brackets based on your income and expenses which tax preparers would put into. Democrats want the higher income people to pay at a higher tax rate or bracket.
Republican Mitt Romney wants to lower the top rate down to 28 percent from 35 percent because he believes that wealthy people and the corporation are the ones creating the jobs. Evidently, he's not even aware of where his own income tax is generated from because he has a lot of wealth hidden offshore, which is exactly why he doesn't want to release any more than two years of his income tax returns. That, along with many corporations moving their plants abroad, proves the Democrats are correct in the fact that corporations don't get any tax breaks unless they keep themselves and their company in this country.
Another issue: Since these billionaires, particularly if they're in private equity or hedge funds, who buy U.S. companies and move them abroad for the purpose of getting cheap labor and the fact that they have no unions so they can accumulate even more profits for themselves. This is why the Republicans say they're going to get rid of the Dodd-Frank Bill because this Democratic bill wants to put some restrictions on these unregulated hedge fund dealers who are financing those corporations in selling out their own country and this issue was brought up in the first debate. Rather than making a better or stronger banking bill, the Republicans want a week bill or none at all.
Like Mitt Romney said, "We're going to save money because we're going to cut funding for public television and radio. In short, we're going after Big Bird." That happens to be my favorite television and radio stations because public radio has talk radio.
