Romney to Release 2011 Tax Returns

New York TimesThe Caucus - The Politics and Government blog of The New York Times
September 21, 2012, 1:56 pm101 Comments

Romney to Release 2011 Tax Returns

By MICHAEL D. SHEAR

Mitt Romney paid $1.95 million in taxes on his 2011 investment income of $13.7 million, his campaign revealed on Friday, saying it will make good this afternoon on Mr. Romney’s promise earlier this year to eventually release his full returns for that year.

Mr. Romney, who made millions by running Bain Capital, a private equity firm, paid an effective federal tax rate of 14.1 percent in taxes, the campaign said, primarily because most of his income was in the form of capital gains that are taxed at a lower rate than ordinary income. Mr. Romney has said that he has paid at least 13 percent in federal income taxes in each of the last 10 years.

In order for that claim to be true in 2011, Mr. Romney had to voluntarily take a smaller deduction than he was entitled to for his charitable deductions, his advisers said Friday. Continue reading “Romney to Release 2011 Tax Returns”

Before Debates, Romney Faces a Daunting Path

New York Times

September 20, 2012

Before Debates, Romney Faces a Daunting Path

By and

WASHINGTON — There are seven days until early voting begins in Iowa, less than two weeks until the first debate and 46 days left in the race for Mitt Romney to change the dynamic of a campaign that by many indicators is tilting against him.

That, advisers to President Obama acknowledge, is plenty of time.

But the burden rests to a remarkable degree directly on Mr. Romney and his ability to restore confidence to his campaign, become a more nimble candidate and clearly explain to voters why he would be the better choice to repair the economy and lead the nation in addressing its challenges at home and abroad. Continue reading “Before Debates, Romney Faces a Daunting Path”

Disdain for Workers

New York Times
Op-Ed Columnist

Disdain for Workers

By PAUL KRUGMAN
Published: September 20, 2012

By now everyone knows how Mitt Romney, speaking to donors in Boca Raton, washed his hands of almost half the country — the 47 percent who don’t pay income taxes — declaring, “My job is not to worry about those people. I’ll never convince them that they should take personal responsibility and care for their lives.” By now, also, many people are aware that the great bulk of the 47 percent are hardly moochers; most are working families who pay payroll taxes, and elderly or disabled Americans make up a majority of the rest.

 

Fred R. Conrad/The New York Times
Paul Krugman

But here’s the question: Should we imagine that Mr. Romney and his party would think better of the 47 percent on learning that the great majority of them actually are or were hard workers, who very much have taken personal responsibility for their lives? And the answer is no. Continue reading “Disdain for Workers”

Russell E. Train, Conservationist Who Helped Create the E.P.A., Dies at 92

New York Times

Russell E. Train, Conservationist Who Helped Create the E.P.A., Dies at 92

By
Published: September 17, 2012

Russell E. Train, a renowned conservationist who played a central role in the creation of groundbreaking laws and effective enforcement in response to rising concerns about environmental protection in America, died on Monday at his farm in Bozman, Md. He was 92.

Charles Harrity/Associated Press

Russell E. Train was E.P.A. administrator from 1973 to 1977.

 His death was announced by Carter Roberts, the president of the World Wildlife Fund, which Mr. Train helped transform into a global force for conservation.

From 1969 to 1977, as Richard M. Nixon’s first chairman of the White House Council on Environmental Quality and then as administrator of the Environmental Protection Agency under Gerald R. Ford, Mr. Train was among a select group of senior administration officials and Congressional leaders who shaped the world’s first comprehensive program for scrubbing the skies and waters of pollution, ensuring the survival of ecologically significant plants and animals, and safeguarding citizens from exposure to toxic chemicals.

Mr. Train was widely considered the father of the National Environmental Policy Act of 1969, the cornerstone of all modern federal environmental legislation. Its signature provision was the look-before-you-leap requirement for federal agencies to prepare environmental impact statements before proceeding with any major project. Continue reading “Russell E. Train, Conservationist Who Helped Create the E.P.A., Dies at 92”

%d bloggers like this: