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Romney earned 12 times more than Obama, had nearly half the tax rate

Tax returns released by Republican presidential candidate Mitt Romney on Tuesday revealed that his 2010 effective tax rate was almost half of President Barack Obama’s, even though the former Massachusetts governor earned about $20 million more. According to 2010 tax returns (PDF) released by the White House, the president paid…

Second term bid frames Obama’s State of the Union

President Barack Obama’s mission in Tuesday’s State of the Union address is simple to state, yet tough to pull off. He must begin to convince Americans that despite high unemployment, a slow economic recovery and a mood of prolonged national gloom spawned by the worst recession in decades, he deserves…

TARP pay czar caved on executive pay limits, bonuses

WASHINGTON (Reuters) – Pressure from financial institutions and Treasury officials undermined an effort to limit executive pay at seven companies rescued with taxpayer money, a new government audit showed on Tuesday. The official overseeing executive pay for bailout firms limited cash compensation and made some reductions in pay, but still…

Romney: Gingrich an ‘influence peddler,’ unfit for the White House

Mitt Romney painted rival Newt Gingrich as a Washington “influence peddler” and unfit for the White House, as falling poll numbers forced him onto the offensive in a fierce Republican debate. Romney began the maiden Florida primary debate late Monday swinging hard at Gingrich, as he scrambled to get his…

Romney’s released tax return reveals 13.9% rate, holdings in foreign ‘tax havens’

TAMPA, Fla./WASHINGTON (Reuters) – Republican presidential candidate Mitt Romney released tax records on Tuesday indicating he will pay $6.2 million in taxes on a total of $45.2 million in income over the years 2010 and 2011. Bowing to increasing political pressure to provide more detail about his vast wealth, the…

Romney berates Gingrich for making ‘$35,000 a year’

Multimillionaire Republican presidential candidate Mitt Romney blasted former House Speaker Newt Gingrich on Monday for the way he made a living in recent years. During a NBC debate in Tampa, Florida, Romney charged that Gingrich had “peddled influence” in his role as an advisor for the Federal Home Loan Mortgage…

Judge says Obama must appear in ‘birther’ suit

WASHINGTON — A judge in Georgia has ordered President Barack Obama to appear in court this week in a lawsuit challenging whether he is a natural-born US citizen qualified to be president. The latest case was spawned by the so-called “birther” movement that has made claims — which have not…

Democratic Party of Wisconsin endorses Tammy Baldwin for U.S. Senate

The Democratic Party of Wisconsin endorsed U.S. Rep. Tammy Baldwin on Monday as the party’s nominee for the U.S. Senate seat being vacated by Herb Kohl. “While the Republican Tea Party field runs further to the right and into the arms of their Wall Street masters, Tammy Baldwin has shown…

Transgender activists glitter bomb Dan Savage again

Transgender activists threw glitter on sex columnist and gay rights advocate Dan Savage over the weekend before his appearance at the Vogue Theatre in Vancouver, according to Xtra. The six people who pulled off the stunt accused Savage of being “ableist, racist, transphobic, fat-phobic, sero-phobic and rape-apologist attitudes and views.”…

Starbucks to start selling wine and beer in U.S.

LOS ANGELES — Starbucks is to start selling wine and beer in some stores in southern California and Atlanta, Georgia, expanding a move which has worked well around its northwest US base, the coffee giant said Monday. The Seattle-based global coffee shop franchise said it will also sell “premium food…

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