Two different approaches to the issues our country is facing. Which one will America pick?
The debate is a huge topic this time of year, and well its got my attention as well. I haven’t been keeping up with very much politics, but I did manage to see the presidential debate. Besides the big bird jokes and Romney’s teleprompter-like performance, I have a few thoughts about it.
It seemed as if the main debate was between Obama‘s plan and Romney’s plan. Obama, who leans towards the spend more ideology in order to create more opportunities. On the other side, Romney is vouching for the save money option so people have more money to create more opportunities. It’s Austerity vs. Stimulus. Both have their positives and negatives. Both approaches have worked in other countries and in previous economies. But essentially, we are comparing apples to oranges. There is not much overlap in the two methods and it will all depend on who the American Voter will choose.
Earlier, Mitt Romney released his current tax returns showing a 14.1% tax rate.
Ok, but what does this tell us? To be honest, that’s a fairly average tax rate. He still paid nearly $2 million in taxes last year. Some people may say that it isn’t high enough for the multi million dollar a year business man. However, I’d have to say good for anyone who is cutting their taxes. Don’t tell me that if you could, you wouldn’t try to find ways to cut taxes. Who isn’t going to acknowledge applicable tax deductions on their returns? This simply shows how much of a business man this guy really is. So… essentially all these reports just show…. that he pays taxes. Hmm surprising isn’t it? Now, if he were illegally getting around paying his taxes, that would be a different story. Granted the detailed reports are helpful in catching the bad stuff.
Personally, I tend to go republican. However, I’m not exactly satisfied with Mitt Romney, or Obama for that matter. I really didn’t want to get into politics but ok, I went there.
See more controversy over his taxes in the related articles below