Mitt Romney may be exactly the type of millionaire that President Obama refers to when advocating the need for the "Buffett Rule." TIME reports that a large chunk of Romney's income comes in the form of long-term investments that allow him and other wealthy investors to pay a lower tax rate than middle-class Americans do.
Romney entered politics from the corporate world promising to cut government interference with business. Instead, he implemented new corporate taxes as governor of Massachusetts. Only in the wake of a possible run for president did Romney cut back on some of his tax enforcement policies for fear of retribution from conservative groups.
DNC Chair Debbie Wasserman Schultz was in Iowa this weekend touting the President's American Jobs Act, which would cut payroll taxes for small-business owners and provide new jobs for 1,700 construction workers in the state. Rep. Wasserman Schultz also criticized Republicans for opposing the jobs plan for their own political gain rather than focusing on the well-being of the U.S. economy.
Republican attempts to pass laws establishing more stringent voting laws "could make it significantly harder for more than five million eligible voters to cast ballots in 2012," according to a study by the Brennan Center for Justice at the NYU School of Law. Eligible poor voters, young voters, and African-American voters in particular may be discouraged or barred from voting under these regulations.