Share on Google Plus Share on Twitter 1 Share on Facebook 1 Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend 3 (5 Shares)  
Printer Friendly Page Save As Favorite View Favorites (# of views)   7 comments

OpEdNews Op Eds

Mitt Romney Debate "Win" Gives Obama a Winning Issue

By       Message John Nichols     Permalink
      (Page 1 of 2 pages)
Related Topic(s): ; ; ; ; , Add Tags Add to My Group(s)

View Ratings | Rate It Headlined to H3 10/5/12

Author 29155
Become a Fan
  (19 fans)
- Advertisement -
Cross-posted from The Nation

Mitt Romney got debate points Wednesday night on style, but not on substance.

While President Obama called his Republican opponent out on several of his more absurd abandonments of fact, and on his even more absurd attempts at repurposing himself -- not as the right-wing extremist of the 2012 Republican primaries and convention but as the moderate Paul Tsongas voter of his 1994 race with Ted Kennedy -- much of what Romney said went unchallenged.

That does not mean, however, that the most outlandish of Romney's statements can or should be forgotten.

Indeed, it is in the post-debate moment that those statements will come to haunt Romney.

And none more so than his response to Obama's mentioning of an old issue: closing loopholes that allow multinational corporations to benefit from moving jobs from communities in the United States to other countries.

Obama was taking about strategies for getting new revenues without raising taxes on struggling businesses: "(Part) of the way to do it is to not give tax breaks to companies that are shipping jobs overseas," said the president. "Right now, you can actually take a deduction for moving a plant overseas. I think most Americans would say that doesn't make sense. And all that raises revenue."

That's not actually a debatable point. The US tax code has, since the 1980s, provided multinational corporations with tax breaks for moving jobs overseas. Democrats and Republicans have talked for years about changing the code. The issue was debated in the Senate as recently as July, when Republicans blocked action on the "Bring Jobs Home Act," which would have provided a 20 percent tax break for the costs of moving jobs back to the United States. That measure would, as well, have rescinded business expense deductions that CNN notes are now "available to companies that are associated with the cost of moving operations overseas."

- Advertisement -

Click Here to Read Whole Article

Next Page  1  |  2


- Advertisement -

View Ratings | Rate It

John Nichols, a pioneering political blogger, has written the Online Beat since 1999. His posts have been circulated internationally, quoted in numerous books and mentioned in debates on the floor of Congress.

Nichols writes about (more...)

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon

Go To Commenting

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
- Advertisement -

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Paul Ryan? Seriously?

Scott Walker's Austerity Agenda Yields 'Worst Job Losses in US'

The Koch Brothers, ALEC and the Savage Assault on Democracy

The Deafening Silence of the Republican Field in the Wake of the Planned Parenthood Shooting

How Socialists Built America

Bernie Sanders: "I Am Prepared to Run for President of the United States"