Monday, July 23, 2012

After a Quiet Weekend - July 23, 2012

After the tragic shooting in Aurora, CO, both presidential campaigns took some time off.  In many locations, this respite lead to amazing stories about first responders and others performing to the highest levels.  More and more information is coming to light about the shooter and his plans.  Gun control advocates and pro Second amendment groups are putting out their version of the event.

As we wait for the NCAA to present its findings and impose punishment on Penn State, here are some stories to begin your week.

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Major defeats on other bills in the Senate, has the democrat majority is gearing up for a battle on tax cuts. 

Sen. Harry Reid (D-NV) is planning a vote on his Middle Class Tax Cut Act which extends Bush-era tax cuts for one year, but lets them expire for small businesses and individuals making over $250,000.  It also caps capital gains and dividends at 20 percent.  While blocking bills last week, the Senate GOP may allow debate on the Reid bill to proceed.

GOP leaders plan to introduce a bill from Sen. Orrin Hatch (R-UT).  The Tax Hike Prevention Act will maintain the Bush-era tax cuts fro all income levels.

If the Reid bill passes, it has no chance in the House without substantial amendments.

Democrat leaders have suggested they will let all tax cuts expire unless the GOP agrees to their terms.  The President in several campaign speeches cl;aims he will veto any bill that does not follow his guidelines for the tax cuts. More from The Hill

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The Romney campaign is headed overseas to garner support for the presidentential hopeful.

On the trip, Romney will do something president Obama has not and will never do.  Romney will visit Israel and talk as an ally to Israeli leaders. Obama's failure to embrace the only US ally in the region has strained relations between the two countries.  If elected,Romney will attempt to strengthen ties with Israel.
More from The Hill

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A poll by Pulse Opinion Research has delivered some bad news to President Obama. Since his election Obama has blamed former president George W. Bush for the economy.  Other than bashing Mitt Romney, it is one of the cornerstoes of the re-election campaign.

THe poll of likely voters shoes that 66 percent believe the weak economy is the result of bad policy.  34 percent sya Obama is to blame with only 18 percent pointing to former president Bush.  The remainder blame Congress or Wall Street for the economic woes.

The poll highlights the reelection challenge the president faces with growing dissatisfaction on his first-term performance.
More from The Hill

That's it for now.



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