The Great Debate
Republicans have a problem for 2016: Too much money.
Former Florida Governor Jeb Bush expects to raise $100 million by the end of this month. Senator Ted Cruz of Texas raised $31 million in one week. Senator Marco Rubio of Florida pulled in $40 million in pledges. Wisconsin Governor Scott Walker expects to raise $25 million by the end of June. As many as 14 other potential Republican candidates have also been busy raking in the dough.
President Barack Obama is laying down his marker Tuesday with his State of the Union Address. He told a closed-door meeting of Senate Democrats last week, “I’m not going to spend the next two years on defense. I’m going to play offense.”
from Nicholas Wapshott:
The hot tax-dodging business trend of the summer is inversion. A U.S. company buys a company in a country with a lower corporate tax rate, relocates its headquarters there and funnels its income through the new head office. As long as it does not repatriate profits, the self-exiled company can avoid paying U.S. corporate taxes.
from Stories I’d like to see:
1. Snowden questions NBC missed:
In his interview with NBC’s Brian Williams last week, Edward Snowden tried to bolster his credentials this way: “I was trained as a spy in sort of the traditional sense of the word -- in that I lived and worked undercover, overseas, pretending to work in a job … and even being assigned a name that was not mine …. Now, the government might deny these things. They might frame it in certain ways, and say, ‘Oh, well, you know, he's a low-level analyst.’”
The temptation for political parties to rewrite the rules after every defeat is irresistible. The Republican National Committee did not resist when it met in Boston last weekend. The committee passed a resolution aimed at limiting and controlling the 2016 primary debates.
There has been much ado lately about the Democratic Party’s new project to turn Texas blue. What’s lost on the liberals in D.C., California and Manhattan who will throw money at this futile effort, however, is that the Texas Republican Party is different and far stronger than its counterparts in other states. And it’s not just because the Lone Star State under Republican control has become the envy of the nation in terms of job creation and economic growth.