Tales from the Trail
Former Massachusetts governor Mitt Romney and Massachusetts Democratic state lawmakers closed a budget shortfall by closing corporate tax loopholes and raising fees, the latter of which was attacked in a television advertisement the Obama campaign released on Wednesday.
At last night’s debate, Mitt Romney said he’d be happy to release his tax returns in April. But today he disclosed a crucial piece of information as the clamor grew for him to come out with his returns. The frontrunner to clinch the Republican nomination has a tax rate that “is probably closer to 15 percent than anything.”
Secretary of State Hillary Clinton took what appeared to be a coded swipe at Republican refusals to consider raising taxes in U.S. debt limit talks, saying on Tuesday that all leaders must make hard decisions to put their countries on the right track.
President Barack Obama said he wants a mature discussion between politicians of all stripes as the White House and members of Congress try to make tough decisions on spending and taxes necessary to run the government and deal with a ballooning budget deficit.
(UPDATES with new Reid comments).
Christmas bells are ringing. But Senate Majority Leader Harry Reid doesn’t seem to be listening. Much to the chagrin of staffers and more than a few senators, Reid is threatening to keep the Senate in session until Christmas Eve and beyond to finish all the legislative work that Congress failed to complete before the November elections.