From NBC News:
Sen. John McCain, R-Ariz., threw his support behind the Republican tax plan Thursday, boosting the bill’s chances of passage.
McCain said that while the Senate bill is “far from perfect,” he believes it will “enhance American competitiveness, boost the economy and provide long overdue tax relief for middle class families.”
The Maverick added, “But my wife Cindy inherited a Budweiser fortune, so fuck all that shit about working together and gimme those tax cuts!!”
”I’m not concerned about the very poor. We have a safety net there.” —Mitt Romney, following his Florida primary victory
Original painting, Marie Antoinette and her Children by Vigée Le Brun
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From THINK PROGRESS HEALTH:
Why Mitt Romney’s Medicaid Cuts Are Even More Draconian Than Paul Ryan’s
Medicaid, which is funded jointly by the states and the federal government, provides health coverage to approximately 53 million lower income Americans. The federal government matches state spending on a per-claim basis and pays a percentage of each state’s Medicaid costs (anywhere between 50 and 75 percent). Conservatives like House Budget Chairman Paul Ryan and the GOP presidential contenders have proposed reducing the federal government’s commitment to the program by block granting Medicaid and paying states pre-established grants that may not reflect actual costs. The reduction in federal spending would require states to either appropriate additional funding towards Medicaid or lower program expenditures by cutting provider payment rates, limiting eligibility, and reducing benefits, the CBO has concluded.
Former Gov. Mitt Romney (R-MA) has endorsed Ryan’s block grant proposal, and yesterday, during a radio interview with Sean Hannity, he revealed that his cuts to Medicaid could be even more draconian than Ryan’s.
House Majority Leader Eric Cantor abruptly canceled a speech Friday at the University of Pennsylvania that had become the target of Occupy Philly and other groups. Hundreds of protesters gathered at Penn nonetheless, carrying signs and shouting slogans.
Cantor (R., Va.) was scheduled to speak at Penn’s Wharton School at 4:30 p.m. but backed out earlier in the afternoon, indicating that it had been his understanding the speech would be open only to people affiliated with the university.
In a statement, his office said it “was informed last night by Capitol Police that the University of Pennsylvania was unable to ensure that the attendance policy previously agreed to could be met.”
The university in turn issued a statement saying it “deeply regrets” that Cantor canceled and suggesting that there had been no change in the attendance policy.
“The Wharton speaker series is typically open to the general public, and that is how the event with Majority Leader Cantor was billed. We very much regret if there was any misunderstanding with the majority leader’s office on the staging of his presentation,” the university said.
From POLITICAL HOTSHEET at CBS NEWS:
Over the past several weeks, hundreds of Americans have submitted personal tales of economic hardship on the “Occupy Wall Street”-affiliated Tumblr “We are the 99 percent.” Now, conservatives who oppose the Wall Street protests have an answer to it in the form of their own Tumblr, entitled “We are the 53%.”
According to the Washington Post, the blog was conceptualized by Redstate.org founder Erick Erickson, who collaborated on it with the Texas Public Policy Foundation’s Josh Trevino and conservative filmmaker Mike Wilson.
The Tumblr claims to represent the 53 percent of Americans who pay federal income taxes – the implication being that those associated with “Occupy Wall Street” are not also part of that 53 percent and do not pay federal income taxes.
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From THINK PROGRESS SECURITY:
In an interview with the religious right Christian Broadcasting Network (CBN), GOP presidential candidate Herman Cain badly bungled Uzbekistan’s name and said his standard answer to “‘gotcha’ questions” would be that he doesn’t have answers.
CAIN: I’m ready for the ‘gotcha’ questions and they’re already starting to come. And when they ask me who is the president of Ubeki-beki-beki-beki-stan-stan I’m going to say, you know, I don’t know. Do you know?
And then I’m going to say how’s that going to create one job?
Knowing who is the head of some of these small insignificant states around the world — I don’t think that is something that is critical to focusing on national security and getting this economy going. When I get ready to go visit that country, I’ll know who it is. But until then, I want to focus on the big issues that we need to solve.
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From THE WALL STREET JOURNAL:
GOP presidential candidate Herman Cain has a plan to fix the economy. Just don’t ask him to tell you who helped him write it.
In an interview on Fox News Sunday, Mr. Cain declared that �some of the best economists in this country helped him develop the plan, which he has dubbed the 9-9-9 plan because it would create a 9% flat tax on business and personal income and create a 9% national sales tax.
But Mr. Cain repeatedly refused to name those bright minds when pressed by the show’s host, Chris Wallace.
My unnamed sources have told me where Herman’s unnamed economists come from and why he won’t say who they are.
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