September 14, 2012

Quote of the Day: Romney Still Not Making Sense on Taxes

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From Mitt Romney, explaining his tax plan:

So number one, [] don’t raise taxes on middle-income people, lower them. Number two, don’t reduce the share of taxes paid by the wealthiest. The top 5% will still pay the same share of taxes they pay today.

Hold on. The top 5% will pay the same share of taxes they pay today. But that means the bottom 95% will also pay the same share they pay today. Right? That’s just arithmetic.

So everyone will pay the same share of taxes they pay today. But we’re going to lower taxes on the bottom 95%. So that means we have to lower taxes on the top 5% too. That’s the only way to keep their shares the same.

In other words, Romney is going to lower everyone’s taxes. Not just tax rates, actual taxes. And yet, his plan is going to be revenue neutral. How? Most likely it has something to do with Romney’s tax cuts creating new incentives that will supercharge the economy blah blah blah.

I guess believers gotta believe, but if you believe a word of this, you’re the kind of mark who’d still fall for the wire scam even after seeing The Sting a dozen times on late-night cable. You’ve got no one to blame but yourself.  After all, it’s been less than ten years since George W. Bush ran the same swindle, and we all remember how that panned out, don’t we?

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“This could be the first time a corporation would be held criminally liable for forced labor in their own supply chains,” according to a retired special agent we talked to.

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WHO DOESN’T LOVE A POSITIVE STORY—OR TWO?

“Great journalism really does make a difference in this world: it can even save kids.”

That’s what a civil rights lawyer wrote to Julia Lurie, the day after her major investigation into a psychiatric hospital chain that uses foster children as “cash cows” published, letting her know he was using her findings that same day in a hearing to keep a child out of one of the facilities we investigated.

That’s awesome. As is the fact that Julia, who spent a full year reporting this challenging story, promptly heard from a Senate committee that will use her work in their own investigation of Universal Health Services. There’s no doubt her revelations will continue to have a big impact in the months and years to come.

Like another story about Mother Jones’ real-world impact.

This one, a multiyear investigation, published in 2021, exposed conditions in sugar work camps in the Dominican Republic owned by Central Romana—the conglomerate behind brands like C&H and Domino, whose product ends up in our Hershey bars and other sweets. A year ago, the Biden administration banned sugar imports from Central Romana. And just recently, we learned of a previously undisclosed investigation from the Department of Homeland Security, looking into working conditions at Central Romana. How big of a deal is this?

“This could be the first time a corporation would be held criminally liable for forced labor in their own supply chains,” according to a retired special agent we talked to.

Wow.

And it is only because Mother Jones is funded primarily by donations from readers that we can mount ambitious, yearlong—or more—investigations like these two stories that are making waves.

About that: It’s unfathomably hard in the news business right now, and we came up about $28,000 short during our recent fall fundraising campaign. We simply have to make that up soon to avoid falling further behind than can be made up for, or needing to somehow trim $1 million from our budget, like happened last year.

If you can, please support the reporting you get from Mother Jones—that exists to make a difference, not a profit—with a donation of any amount today. We need more donations than normal to come in from this specific blurb to help close our funding gap before it gets any bigger.

payment methods

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