Friday, January 27, 2012

AM I MISSING SOMETHING HERE?

Throughout all of the debate about budgeting, the debt ceiling, the Bush tax cuts, in the last two years, Republican leaders have stayed true to the message that we can’t raise taxes on millionaires and billionaires because they are the job creators.  So my question today is: how many jobs did Mitt Romney create?  The argument that is constantly used by the Republican party is “we can’t raise taxes on the job creators” According the NPR, in releasing details of his tax burden for the past two years, Mitt Romney offered a small window into a vast wealth. The tax records show that the former Massachusetts governor made $42.6 million over the past two years and because most of it came from capital gains, he paid $6.2 million in taxes. Please don’t get me wrong, I don’t begrudge Mitt Romney his wealth, but it just seems something is just not right when the average American pays a higher tax rate than Mitt Romney.
That means that in 2010, his tax rate was 13.9 percent, and in 2011, it's expected to be 15.4 percent, lower than many Americans who pay taxes on wages. When I think of job creators, I think of people who actually make something or offer a service of some type. These are the type of people who deserve tax breaks, people who can come into a community and help create jobs for the community. Businesses of these types also give back to the communities they reside in, in many ways. It seems to me that Mitt Romney didn’t really create any jobs; he probably hired someone to provide maintenance on his homes. He probably hired individuals to cook, clean and do domestic chores around his homes, but are these really middle class jobs that you could support your family on?  Did these jobs come with healthcare benefits?
I work with a die-hard Republican; after the State of Union Address, he commented that he really liked the fact that President Obama was advocating for fairness in the tax code.