Lies, Lies, Lies....

The Narcissist-in-Chief has a long track record of promising anything to get elected. Will tonight be any different?

Democrat Strategist Bob Shrum: If It’s A Referendum Election, Obama Loses

SHRUM: “So I think we ought to just face reality here. If you did what I think the Governor is suggesting, and maybe he's not, and you just let this be a referendum, I don't think the president could win because the truth of the matter is, he may have created over 4.3 million jobs [NOT REALLY!], he may have saved General Motors, but the country is still not back to where it needs to be.” (CBS’s “Face The Nation,” 6/3/12)

Democrat Pollster Mark Penn: “Obama Needs More Than Just A New Message”
http://www.buzzfeed.com/zekejmiller/clintonites-hit-the-panic-button-for-obama

But pollster Mark Penn, Schoen's former partner and a member of Clinton's inner circle in the White House and later a force on Hillary Clinton's presidential campaign, said Obama needs more than just a new message — but also a new economic plan. "I think that the president needs a new economic plan that takes the country into the 21st century global economy, a plan with emphasis on education, infrastructure, innovation, and growing exports. A plan that creates new economy jobs for a country that wants to move
forward," he told BuzzFeed, adding that "most of the messages [in the memo] are too much about raising taxes and raising spending in a public that has changed quite dramatically from 1992."

 WSJ: 

 Our tax code—and especially the onerous reporting requirements that come with it—is turning U.S. citizens into economic lepers. 

Last year, nearly 1,800 American expatriates renounced their citizenship, according to Treasury Department figures. 

http://online.wsj.com/article/SB10001424052702303592404577362050670738024.html

Romney drew a stark contrast between his policies and those of President Obama:

We once built the interstate highway system and the Hoover Dam. Today, we can't even build a pipeline. We once led the world in manufacturing, exports, and infrastructure investment. Today, we lead the world in lawsuits. When we replace a law professor with a conservative businessman, that will end.

This administration thinks our economy is struggling because the stimulus was too small. The truth is our economy is struggling because the government is too big.

I see an America where we know the prospects for our children will be better than our own; where the pursuit of success unites us, not divides us; when a government finally understands that it's better for more to pay less in taxes than for a few to pay more; where the values we pass on to our children are greater than the debts we leave them; where poverty is defeated by opportunity, not enabled a government check.

Promises, Promises. Obama has borrowed another 4.7 trillion since taking office, promising shovel ready projects and a green economy, yet poverty has increased and official unemployment stubbornly remains above 8% (unofficially closer to 10.5%). Obama's scandalous cronyism (rewarding political allies and campaign fundraisers with taxpayer subsidies) has resulted a litany of broken his promises.

Check out Obama's Top 5 Broken Stimulus Promises here

Rep. Paul Ryan dismantles divisive rhetoric Obama used in his politicized State of the Union speech. Ryan claims there is an emerging consensus among Democrats and Republicans in Congress over how to solve the US debt problem and reform entitlements. However, President Obama is blocking bipartisan solutions for ideological and electoral reasons.

Ryan affirms that Congressional Republicans "don't want to win an election by default" but "want to give the country a clear choice between two futures: do you want the opportunity society with a safety net, or do you want the President's path of debt, doubt and decline--the welfare state".

Tennessee College students worry Obama is stealing their future; won't be voting for him again....

Republicans Abroad Europe Statement on Expat Taxation

Republicans Abroad Europe is working directly to raise awareness among party leaders, policy makers and US Presidential candidates about the adverse impact of Expat Taxation and the recent FATCA legislation on the US economy and Americans living overseas.

Our official statement on these issues is below. We encourage you to write Congress about these concerns and contact us if you would like to get involved to support our efforts to reform the tax code.

FATCA

In 2010 the Democrat controlled Congress passed the Foreign Account Tax Compliance Act (FATCA), which now unintentionally threatens to chase trillions of dollars of direct foreign investment out of the United States, undermines the ability of U.S. exporters and companies to do business abroad, and subjects 6.3 million Americans residing outside the United States to an unprecedented abuse of power by the IRS—all at a time when the United States is facing record-high unemployment and requires foreign capital to service its national debt.

Instead of creating jobs in the United States by attracting foreign investment and strengthening the competitiveness of U.S. companies in international markets, the Democrat Party chose to do exactly the opposite by overzealously targeting ordinary American citizens abroad for holding assets offshore and forcing foreign financial institutions to comply with excessive IRS reporting requirements.

As a direct consequence of FATCA, American citizens abroad face stiff penalties even for “unwilful non-compliance” leading to the potential confiscation of their assets and holdings, while foreign financial institutions and investors could be penalized enormously for providing services to and doing business with U.S. citizens.

Foreign financial institutions and investors are therefore considering divestment from U.S. securities and assets altogether, placing at risk $21 trillion in foreign investment upon which U.S. capital markets, companies and ultimately millions of American jobs rely. Foreign investment in U.S. securities alone exceeds $10 trillion against an $18 trillion capitalization of the two U.S. stock exchanges.  

Finally, American citizens and companies abroad are increasingly being denied new business opportunities, participation in partnerships and even simple banking and investment services, as foreign financial institutions and counterparties determine that the costs of FATCA compliance and risks of IRS penalties are simply too high.

Given the devastating impact on investment, exports and U.S. citizens residing abroad, FATCA must be repealed.

Dual Taxation

The United States faces record high unemployment and intense global economic competition. Yet, the United States is the only advanced industrialized country that taxes its citizens working and residing abroad. Whereas other leading export countries encourage their nationals to work overseas to promote their exports and gain valuable international experience to the benefit of their companies, U.S. tax law disincentivizes Americans from working abroad, particularly in critical emerging markets such as the Middle East, Asia and Eastern Europe.

The U.S. system of citizenship-based taxation means fewer Americans are incentivized to work in overseas markets to gain access for U.S. goods and services and to develop vital knowledge and skills for future international growth opportunities.

Just as the Bowles-Simpson National Commission on Fiscal Responsibility recommended a system of territorial taxation for corporations to make American business more competitive, the United States should eliminate the system of citizenship-based taxation for Americans abroad. At a minimum, the United States should lift the cap on the Foreign Earned Income Exclusion to keep pace with the depreciation of the dollar and level the playing field for Americans competing for jobs overseas.