According to a new report by Seth Hanlon, the director of fiscal reform at the Center for American Progress Action Fund, Adelson could turn that investment into a $2 billion tax cut if Romney is elected."
From Hanlon's report on how Romney's tax plan could benefit Adelson:
" Cut top tax rates, saving Adelson approximately $1.5 million on his annual compensation as chief executive of his casino company.
" Maintain the special low rates on dividends, potentially saving Adelson nearly $120 million on a single year's worth of dividends, more than enough to recoup his political donations.
" Maintain the special low rates on capital gains, allowing Adelson to make back his political donations in capital gains tax cuts just by selling a fraction of his stock]
" Provide a tax windfall of an estimated $1.2 billion to Adelson's company, Las Vegas Sands Corp., on untaxed profits from its Asian casinos, as well as a tax exemption forfuture overseas profits. Adelson's casinos already enjoy a special foreign tax exemp- tion from the Chinese administrative region of Macau, and Gov. Romney would make those foreign profits exempt from U.S. taxes as well."
This shows just how sleazy US politics have become, and how calculated big donors are in looking for outcomes that will benefit and enrich them.
All of these machinations are taking place within the elite.
The Lobby, however, is also mobilizing its mass base to challenge Iran's President Mahmoud Ahmndinejad who is coming to New York for an annual address to the UN General Assembly.
His critics have launched an "outrage campaign" on the pretext that he will be speaking on the Jewish Holy Day of Yom Kippur. One doubts he chose a date that was allocated to him by the UN.
Already, there is an effort to discredit him before he even opens his mouth. AMNew York reports a hostile comment by Hindy Porupko, the director of Israel and International Affairs for the Jewish Community Relations Council of New York.
She says that regardless of what he has to say, "anything he says will be regarded moot."
"His presence and ideas fly in the face of the values that characterize this great city," she said.
Her reasons: the Iranian President has constantly refused to recognize Israel as a State and has publicly questioned the veracity of the Holocaust."
Even if this was true as stated--and, in my experience, based on visits to Iran--Iran has a more nuanced view challenging Zionism, not all Jews.
This putdown shows total contempt for one value that New York and most Americans claim to uphold: freedom of speech.