Mitt Romney Video Is Straight Talk, No Apologies [TRANSCRIPT]
ForexTV NewsDesk (New York)
Timothy Kelly
9/18/2012
Excerpt:
"The following is a transcript of the statements made by Mitt Romney regarding his "victims" comment captured on video:
“There are 47% of the people who will vote for the president no matter what. All right, there are 47% who are with him, who are dependent upon government, who believe that they are victims, who believe the government has a responsibility to care for them, who believe they are entitled to health care, to food, to housing, to you name it…These are people who pay no income tax, 47% of Americans pay no income tax. So our message of low taxes doesn’t connect. So he’ll (President Obama) be out there talking about tax cuts for the rich. I mean, that’s what they sell every four years. And so my job is not to worry about those people. I’ll never convince them that they should take personal responsibility and care for their lives. What I have to do is convince the five to ten percent in the center that are independents, that are thoughtful, that look at voting one or the other depending upon in some cases emotion, whether they like the guy or not.” - (bold emphasis added)
According to the government's own figures (US Census Bureau) approximately 49% of US households receives a government sponsored entitlement. This is defined as household that receive: disability, Social Security, Medicare, Medicaid, food stamps or housing assistance.
The top 1% of wage earners in the US accounted for roughly 36.73 percent of all federal income taxes collected for the tax year 2009 according to the National Taxpayers Union. Meanwhile, the bottom 50% of wage earners contributed 2.25% to all federal taxes collected. Mr. Romney correctly points out that 47% of all Americans pay ZERO federal taxes. Meanwhile, this latter group collects nearly $1 trillion per year through social welfare programs according to the CATO Institute. The Federal Government tax receipts for that year totaled approximately $2.2 trillion.
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View the complete article at:
http://www.forextv.com/forex-news-st...ies-transcript
ForexTV NewsDesk (New York)
Timothy Kelly
9/18/2012
Excerpt:
"The following is a transcript of the statements made by Mitt Romney regarding his "victims" comment captured on video:
“There are 47% of the people who will vote for the president no matter what. All right, there are 47% who are with him, who are dependent upon government, who believe that they are victims, who believe the government has a responsibility to care for them, who believe they are entitled to health care, to food, to housing, to you name it…These are people who pay no income tax, 47% of Americans pay no income tax. So our message of low taxes doesn’t connect. So he’ll (President Obama) be out there talking about tax cuts for the rich. I mean, that’s what they sell every four years. And so my job is not to worry about those people. I’ll never convince them that they should take personal responsibility and care for their lives. What I have to do is convince the five to ten percent in the center that are independents, that are thoughtful, that look at voting one or the other depending upon in some cases emotion, whether they like the guy or not.” - (bold emphasis added)
According to the government's own figures (US Census Bureau) approximately 49% of US households receives a government sponsored entitlement. This is defined as household that receive: disability, Social Security, Medicare, Medicaid, food stamps or housing assistance.
The top 1% of wage earners in the US accounted for roughly 36.73 percent of all federal income taxes collected for the tax year 2009 according to the National Taxpayers Union. Meanwhile, the bottom 50% of wage earners contributed 2.25% to all federal taxes collected. Mr. Romney correctly points out that 47% of all Americans pay ZERO federal taxes. Meanwhile, this latter group collects nearly $1 trillion per year through social welfare programs according to the CATO Institute. The Federal Government tax receipts for that year totaled approximately $2.2 trillion.
.................................
View the complete article at:
http://www.forextv.com/forex-news-st...ies-transcript
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