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Newslinks for Tuesday October 25, 2011

Posted on 10/25/2011

Ryan Streeter on The Republican: The more radical the better: A positive take on Cain's and Perry's tax proposals

Rick Perry: My tax and spending reform plan

Screen shot 2011-08-23 at 7.43.25 PM"On Tuesday I will announce my 'Cut, Balance and Grow' plan to scrap the current tax code, lower and simplify tax rates, cut spending and balance the federal budget, reform entitlements, and grow jobs and economic opportunity. The plan starts with giving Americans a choice between a new, flat tax rate of 20% or their current income tax rate. The new flat tax preserves mortgage interest, charitable and state and local tax exemptions for families earning less than $500,000 annually, and it increases the standard deduction to $12,500 for individuals and dependents. This simple 20% flat tax will allow Americans to file their taxes on a postcard, saving up to $483 billion in compliance costs." - Rick Perry in the WSJ

  • "The president’s advisers are eager to characterize the advocates of a flat tax as shills for the wealthy in the United States — part of Mr. Obama’s overall message that the Republican Party is out of step with the interests of the middle class." - New York Times

Perry seeks to redefine candidacy, brings in new staff

"Among the new faces who are joining Mr. Perry’s campaign is Joe M. Allbaugh, who managed the 2000 presidential race of George W. Bush and will be a senior adviser to the campaign. ... Tony Fabrizio, the pollster in Bob Dole’s 1996 campaign and in a variety of other races, also will join the campaign as a senior adviser. Stanton Anderson, who served as the general counsel to Ronald Reagan’s 1980 campaign, will be the campaign’s liaison with Congress. Fred Maas will be a senior adviser." - New York Times

  • "After weeks battling questions about how he plans to salvage his listing presidential bid, the Texas governor has finally started spelling out an answer. It involves opening his $15 million campaign war chest, hitting Mitt Romney harder and moving to reclaim the role of the populist conservative outsider in the race." - Politico
  • Rick Perry slow to receive endorsement from Texas GOPers - Politico
  • "Republican presidential candidate Rick Perry will have a private meeting with Sen. Jim DeMint on Tuesday during a campaign swing through South Carolina, CNN has learned." - CNN
  • Rick Perry really is doubling down on the birther stuff - Business Insider - Business Insider

2012 news:

  • 2012-RACE"Newt Gingrich has always fancied himself a historic figure. Well, it looks like the former House speaker will get his chance to reprise another famous chapter from history when he and fellow Georgian Herman Cain stage a contemporary version of the Lincoln-Douglas debates to talk Medicare and Social Security reform." - WSJ
  • "Capitalizing on the discord and acrimony at the last debate between Perry and Romney, Americans for Cain is kicking off a new ad with a heavy online push geotargetted to Iowa." - RedState
  • Cain to begin ad campaign, while video draws notice - New York Times
  • Mitt Romney has shed much of the operational and psychological baggage that weighed down his maiden campaign - New York Times
  • DNC ad slams Romney for comments on foreclosures - WSJ
  • Staff spat opens window on Bachmann campaign discord - WSJ
  • Ron Paul raises $2.75M through 'money bomb' - USA Today

Why a debt supercommittee success might still be a failure

Screen shot 2011-08-11 at 15.25.02"More important than the size of the deal is its substance. And when it comes to the perennial impasse between the parties on the key issues of taxes and entitlement reform, neither side appears to have given up any ground. That means that if any deal is to be struck that meets or exceeds the target set by August’s debt-ceiling legislation, it’s increasingly likely that the package will count savings from the drawdown of U.S. troops in Iraq and Afghanistan — a move backed by many Democrats as well as some GOP lawmakers but dismissed by House Republican leaders as a budgetary trick." - Washington Post

Black-majority House seats at stake in 2012 - Washington Post

House Republicans offer transportation spending as a jobs creator

Screen shot 2011-06-26 at 22.16.43"House Republicans are pitching a six-year transportation construction plan as a major jobs bill that can win bipartisan approval before next year's election, a key GOP lawmaker said Monday. Even while prospects for enacting President Barack Obama's jobs plan have dimmed, Republican backing has grown for a long-term transportation bill to boost employment. Transportation and road-building industries, especially the beleaguered construction industry, are also pressuring lawmakers to make a multi-year commitment of federal funds. Without that, it becomes difficult for states and private investors to finance large infrastructure projects." - Fox

Sen. Coburn attacks US borrowing from China while also giving it aid

Screen shot 2011-07-18 at 11.10.45"China is one of the biggest economies in the world and grew at more than 9 percent over the last year. It also has loaned more than $1 trillion to the U.S. to fund its deficit-spending. But at the same time, the U.S. sends foreign aid to China, which lawmakers of all stripes say is just plain nuts. 'Why in the world would we be borrowing money and then turn around and giving it back to the countries that we're borrowing it from?' Republican Sen. Tom Coburn of Oklahoma said. 'If they have enough of a surplus to loan us money, they have enough of a surplus to take care of their own needs.'" - Fox

Withdrawal plan in Iraq splits GOP

"While GOP presidential candidates and a trio of hawkish senators have condemned the president’s decision, House Republicans have reacted with a mixture of praise, muted criticism or, in the case of some leaders, silence. A 12-term veteran, Rep. Dana Rohrabacher (R-Calif.) even took to Twitter to call out the Republican candidates for their criticism of Obama. 'If we’re going to get out of Iraq, the sooner the better,' he wrote. 'I don’t understand some of my GOP colleagues and presidential candidates.'" - The Hill

Judge blocks Florida Gov. Rick Scott's new welfare drug testing law

SCOTT RICK"A federal judge temporarily blocked Florida's new law that requires welfare applicants to pass a drug test before receiving benefits on Monday, saying it may violate the Constitution's ban on unreasonable searches and seizures. ... The judge said there was a good chance plaintiff Luis Lebron would succeed in his challenge to the law based on the Fourth Amendment, which protects individuals from being unfairly searched." - Fox

Obama reveals new refinance rules

Screen shot 2011-03-29 at 11.13.54"The government's Home Affordable Refinance Program will be changed to make it easier for homeowners to capitalize on current low interest rates by refinancing old, high-interest mortgages. The new rules will allow homeowners who owe more than 125% of the market value of their homes to get the new loans. 'So let me just give you an example. If you've got a $250,000 mortgage at 6 percent interest rates, but the value of your home has fallen below $200,000, right now you can't refinance. You're ineligible,' Obama said, according to a copy of his remarks released by the White House." - CNN

  • "The program is being touted as a way to help stabilize the housing market and stimulate the economy. But without addressing distressed homeowners and helping to clear the foreclosure glut, the effects will likely be limited, experts said." - CNN Money

On campaign trail, Obama barely mentions national security

Soldier"President Barack Obama just came off a good week in national security: Libyan dictator Moammar Gadhafi is gone, thanks in part to U.S. assistance in a NATO air campaign, and all American troops are coming home from Iraq by year’s end. But on his first campaign foray since then, Mr. Obama spoke only fleetingly about national security, with no mention at all of Libya and scarce talk of Iraq." - WSJ

  • Obama makes war policy an election strength - CNN
  • "Actor Will Smith and basketball standout Earvin "Magic" Johnson for dinner and Melanie Griffith and Antonio Banderas for post-meal mingling. President Barack Obama waded into the domain of the stars Monday as he hit the California fundraising circuit in one of his busiest donor outreach trips of the season." - Fox 

Fears of another US credit downgrade are growing on Wall Street - The Hill

13 Dem Senators: take detainee issues out of defense bill - Politico

U.S. Ambassador to Syria leaves Damascus amid threats to safety - New York Times

Libyan official says Gadhafi buried at dawn - USA Today



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