The press is missing a trick in continuing to ask Governor Romney only whether he’s going to release more than his most recent tax returns. That allows him to say either yes or no (for now, it’s no), which produces no information. So no news gets made. But there are lots of other ways to get at the Romney tax issue by asking him a variety of different questions, for which even a refusal to comment would be news.
Stories I’d like to see
I was amazed to see this sentence in the piece the New York Times’s ever-amazing Jo Becker wrote last week about all the goodies outgoing Penn State football coach Joe Paterno negotiated in a new contract even as the Jerry Sandusky scandal was imploding around him: “He would also have the use of the university’s private plane…”
1. The IRS bureaucrat who could upend the campaign finance money flow:
1. An underground economy in the Gulf?
I was interested to read these paragraphs in a recent New York Times story about the processing of claims being made by victims of the oil spill in the Gulf of Mexico; pay special attention to the part I have underlined:
1. The business of super PACs:
With super PACS having altered the dynamics of federal campaigns, it’s time for a look at how they’ve changed the fortunes of political consultants, pollsters and others who feed off of campaign money. With the cash flow this Republican primary season shifting from political organizations run by the candidate to independent — or at least ostensibly independent — entities, giving them much more money than the campaigns themselves, has the talent followed the dollars? Wouldn’t pollsters or ad-makers rather work for an organization with $100 million to spend than one with $10 million? And how do the people who run these super PACs get paid? How do the IRS rules governing the finances of non-profit entities apply to super PACs? Can someone like Karl Rove take a cut of the tens of millions he’s raised and dispensed for America’s Crossroads the way private equity funds take management fees? Who decides how much Rove or other super PAC executives or staffers make? Articles like the one in Sunday’s New York Times have pointed out the overlaps among staffers. So who ferrets out conflicts if, for example, someone running a super PAC steers business to his or her ad agency or consulting or polling firm?
1. When health insurers say no:
Like probably every other family in America, ours regularly has claims we submit to our health insurer rejected — with little or no explanation and no recourse from the company’s always-on-hold telephone hot line. Yet lately I’ve been seeing ads from health insurers projecting friendly, caring images. My favorite is the television and print campaign from United HealthCare featuring a girl who develops asthma but is shown swimming and even surfing because United, which sells insurance under the Oxford and other brands, has gotten her “specialists, lots of doctors, lots of advice…that help her pediatrician coordinate your child’s care and make sure all doctors are on the same page….” The ad trumpets United’s “more than 78,000 people looking out for 70 million Americans. That’s HEALTH IN NUMBERS,” the ad concludes.
1. Tracking Romney’s ad buys:
Look at the remaining Republican primary calendar dates and the candidates’ respective strengths and do the math: There are certain states where Rick Santorum and Newt Gingrich seem to have the best chance later this winter and spring (assuming one or both stay in the race) of winning enough delegates to deny Mitt Romney the majority he needs to lock up the nomination before the convention. These include Georgia (76 delegates, Super Tuesday – Mar. 6), Ohio (66 delegates, Super Tuesday) Tennessee (58 delegates, Super Tuesday), Alabama (50 delegates on Mar. 13), Texas (a huge 155 delegates on Apr. 3), Pennsylvania (72 delegates on Apr. 24), and California (an enormous 172 delegates on June 5).
1. The Dodd-Frank effect: Good, bad or both?
Although the Consumer Financial Protection Bureau, the mega-agency created by the Dodd-Frank financial regulatory bill, has only been in existence for about six months, all of the Republican presidential candidates and GOP congressional leaders have slammed the agency and called for its abolition. Their central charge is that the regulations it has already promulgated are strangling the financial system and disabling banks from making the kinds of loans to small businesses and potential homeowners that would reignite the economy.
1. Time to look at the late primary states and “favorite son” rules:
Two weeks ago, I suggested a story examining how the new rules requiring more proportional representation in awarding Republican primary and caucus delegates might force a deadlocked or brokered convention, because they could prevent even a front-runner like Mitt Romney from arriving in Tampa with the necessary majority of delegates even if he wins an overwhelming majority of the state contests. With it looking likely at least for now that Romney may not even be able to rely on winning most of the primaries and caucuses, the probability that a majority will elude all candidates seems higher.
1. Mitt’s tax bracket:
Note to television producers or editors about to do interviews with Mitt Romney on the campaign trail: The tax rate for the lower-middle class and middle class (joint filers earning roughly $17,000 to $70,000) is 15%. So any of your reporters doing an interview with Romney should ask him if he paid more than 15% of his total income in federal income taxes last year, or more than 25% — the bracket for income from $70,001 to $142,700.