Page 10 - Write Offs News Today

>> he was willing to let detroit go bankrupt. i dont think he understood that saving the automobile worker, the saving the industry, what it meant to all of america, not just auto workers. i think he saw it the bain way. i mean this sincerely. i think he saw it in terms of balance sheets and write-offs. >> for more on the bain way, im joined by the author of the rolling stone cover story greed and debt. the true story of mitt romney and bain capital. matt taibbi contributing editor for "rolling ...

Detroit go bankrupt. >> i think he saw it the bain way. i mean this sincerely. i think he saw it in terms of balance sheets and write offs. folks, the bain way may bring your firm the highest profits, but its not the way to lead our country from the highest office. [cheers and applause] heather: but are the democrats telling the real story about bain? deroy murdoch syndicated columnist and fox news contributor joins us now with more. thank you for joining us. >> hi, heather, how are you. heather...

American jobs act about a year ago and of course congress blocked him. >> your old boss, the vice president, joe biden, eveshamering away on the struggles of the middle class. has been doing so on the campaign trail. never been more vocal than he was last night. take a look. >> i dont think he understood that saving the automobile worker, saving the industry, what it meant to all of america, not just auto workers, i think he saw it the bain way. i mean this sincerely. i think he saw it in terms ...

Hasnt kept the promise he made four years ago. also a night for vice president biden who went after mitt romney here on his stance on the auto bailout. >> he was willing to let detroit go bankrupt. i think he saw it the bain way. i mean this sincerely. he saw it in terms of balance sheets and write offs. folks, the bain way may bring your firm the highest profits, but its not the way to lead our country from the highest office. >> to help us separate fact from fiction is the "the washington post...

Current code. the people who use write-offs, loops holes and deductions are people in the top tax bracket, meaning more of their income is sheltered from taxation. you take away the loopholes and more of their income is subject to taxation, which allows us to lower everybodys tax rates across the board. its a fair, simple, competitive system. were here in the steel manufacturing fabricating business. this business is paying the individual tax rate, just like 80% of all businesses in america do. ...

The people who use write-offs, loops holes and deductions are people in the top tax bracket, meaning more of their income is sheltered from taxation. you take away the loopholes and more of their income is subject to taxation, which allows us to lower everybodys tax rates across the board. its a fair, simple, competitive system. were here in the steel manufacturing fabricating business. this business is paying the individual tax rate, just like 80% of all businesses in america do. when you keep ...

It is a promise. >> i did go back and look at my taxes. >> people who use write-offs and special interest loopholes and deductions -- >> after the past ten years, i never paid less than 13%. >> means more of their income is sheltered from taxation. >> im street speaker at the convention. >> distractions, distortions, smear, fear, anger, frustration. >> objections when they sound -- >> basically will have a lost generation if we stay on the presidents plan. >> pass some of the toughest wall stree...

Reduce tax deductions or loopholes for some people. the direct opposites. tax the rich, lower tax rates on everyone. bill: but the objective is growth, right? >> yes. bill: gdp is 1.5%. that is paltry. >> yes it is. bill: of these plans what would economists argue a argument for growth, stuart? >> youre asking me for an opinion and i will give you a opinion. if growth is the objective governor romney has the better plan. by reducing tax rates you keep incentive to work harder and longer. by redu...

Its not a question of whether its illegal, its a question of what he was doing and the company was doing that he was the head of in 1999 to 2002, if he was outsourcing jobs. >> i disagree with the assertion that well find out what his tox policy is by looking at his tax returns. well find out how much he made and who he made it from and how it was filed and what kind of interest he had. and i think the american public has some interest in that if hes going to run for president of the united stat...

Doing that he was a head of in 1999 to 2003 because thats when they were outsourcing jobs. >> i disagree with your research. well find out what the tax policy is by looking at his tax return. well find out what he made, who he filed with, and what interest he has. i think the american public has some interest in it. >> i think we would find out what his tax policy would be because theres an awful lot of write-ups he would continue to support or he wouldnt have taken them, and obviously, he is no...