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Monday, February 20, 2012

Presidential hopeful Rick Santorum, in Muskegon, outlines differences with Obama, Romney

Published: Monday, February 20, 2012, 7:34 PM

Eric Gaertner | egaertne@mlive.com

MUSKEGON – Republican presidential candidate Rick Santorum took aim at President Barack Obama and chief GOP rival Mitt Romney during his campaign stop Monday in Muskegon.

Rick Santorum visits Muskegon
The crowd of approximately 500 supporters listen to Republican presidential candidate Rick Santorum during a town hall-style event Monday afternoon, February 20, 2012 at the Muskegon Harbor Holiday Inn, 939 Third, in downtown Muskegon.

The former U.S. senator from Pennsylvania focused on several issues – manufacturing, domestic energy, family values, the size of government – and outlined the specific differences he sees between himself and the two men he will likely have to defeat to become the next president.
Santorum spoke for more than 80 minutes and took some questions, drawing several rounds of applause from the audience at the Muskegon Harbor Holiday Inn in downtown Muskegon. The event drew about 500 people and kicked off a three-town tour of West Michigan.
Santorum, before leaving Muskegon for a Holland rally, asked the audience members for their votes in the Feb. 28 presidential primary, describing himself as the conservative to lead the Republican ticket in the fall against Obama.
Santorum described himself as a candidate where "you know where I stand" rather than a “well-oiled weathervane” on such issues as his stance on Iran.
“Wow, this is a big week coming up between now and what could be a sound heard 'round the world,” Santorum said. “Conservative West Michigan has a chance to speak loudly.”
Santorum spoke of his commitment, if elected president, to increasing America’s manufacturing sector, creating more energy independence, limiting government’s size and focusing on social issues, including the importance of the family unit.
Santorum’s stance on improvements to the manufacturing industry drew some of the loudest applause in Muskegon, a city that lost many manufacturing jobs in recent years, although some have returned.
He blamed Obama for the government regulations, “Obamacare” and other interference that he claims is limiting the American manufacturers. He said “making things matters” and his plan would mean more opportunity for Muskegon and other small towns.
“We’re going to repeal every one of those regulations,” Santorum said, taking aim at the current administration’s policies. “We’ve got to get businesses growing. We’re going to shrink the public sector and grow the private sector.”

Rick Santorum visits Muskegon
Republican presidential candidate Rick Santorum signs an autograph for Phoebe Whitbeck, 10, of Montague after his town hall-style event.



In addition to manufacturing, affordable energy was described by Santorum as key to his plan for revitalizing the economy. He pointed to several domestic options, including hydro-fracking in shale, the proposed Keystone Pipeline project from Canada to Texas and natural gas deposits.
Santorum claimed environmentalists and Obama shut down several options to increase domestic energy supplies by inciting fear about potential pollution. Santorum said the country has an obligation to protect the earth and, at the same time, use its resources to improve life for humans.
“Folks, we have an opportunity to call out these radicals that are in the White House right now,” Santorum said.
Some of the people who attended the Muskegon event liked Santorum’s message and the direction he envisions for the country. The event also drew some protesters.
Chad Stewart, 39, of Custer, preferred the consistency he hears from Santorum as opposed to the different “pitches” he believes come from other candidates.
“I’ve never heard a candidate like that speak before,” said Stewart, who is anti-abortion and who has followed Santorum’s career for the last five years. “To hear it live, it changes your life. The sincerity was there; it’s not a sales pitch.”
Rick Santorum visits Muskegon


Shirley George, 89, of Norton Shores, said she liked that Santorum talked about the issues and not his biography. She also was intrigued by Santorum’s call to repeal “Obamacare.”
“It’s key to be able to choose your own coverage and not have it chosen for you,” George said.
Tom VandenBosch, 41, of Grand Rapids, attended the Muskegon event with his family. He is a father of six children, all 13 and younger.
“It’s the family values he speaks of,” VandenBosch said. “He’s conservative through and through. That’s what it is all about for me.”
VandenBosch said he thinks Santorum can win.
“He has a lot of good people on his side,” Santorum said. “He’s building momentum.”
Rondi Fry, 64, of Lansing, is a military mother who enjoyed Santorum’s criticism of the cuts to military spending. She has a son and son-in-law in the U.S. Air Force.
Santorum’s visit to Muskegon was added recently to his schedule and surprised some who consider Muskegon a Democratic town. Some Muskegon County Republicans said the county does have thousands of Republican voters and Santorum’s Pennsylvania roots play well with working-class men and women.
Santorum recently took over front-runner status from chief rival Mitt Romney in the race to win the Republican nomination for president. The latest results from a Gallup poll show Santorum with an 8-point lead nationwide.
In Michigan, a battleground state for the nomination, Santorum also enjoys a lead in recent polls despite Romney, the former Massachusetts governor, being a Michigan native. Romney also won the Michigan primary in 2008.
Santorum’s Muskegon campaign stop came just over a week before Michigan’s Feb. 28 presidential primary.

Rick Santorum visits Muskegon

Republican presidential candidate Rick Santorum greets supporters after his town hall-style event Monday afternoon, February 20, 2012 at the Muskegon Harbor Holiday Inn in downtown Muskegon. Chronicle photo by Hye Soo Nah

Iran Oil Ministry: Exports cut to Britain, France

1
day
ago

The Obama administration believes Iran "is a rational actor" and that talks could prevent a nuclear bomb. Israel disagrees. NBC's Andrea Mitchell reports.

TEHRAN, Iran -- Iran has halted oil shipments to Britain and France, the Oil Ministry said Sunday, in an apparent pre-emptive blow against the European Union after the bloc imposed sanctions on Iran's crucial fuel exports.
The EU imposed tough sanctions against Iran last month, which included a freeze of the country's central bank assets and an oil embargo set to begin in July. Iran's Oil Minister Rostam Qassemi had warned earlier this month that Tehran could cut off oil exports to "hostile" European nations. The 27-nation EU accounts for about 18 percent of Iran's oil exports.
According to the BBC, Qassemi reaffirmed his stance, claiming the suspension posed no problems for Iran.

Targeting Britain and France appeared to be a political decision by Iran to punish the two countries for supporting tougher sanctions against Iran over its disputed nuclear program.
"Crude oil exports to British and French companies have been halted," Oil Ministry spokesman Ali Reza Nikzad-Rahbar said on the ministry's website. "We have our own customers and have no problem to sell and export our crude oil to new customers."
Britain's Foreign Office declined comment, and there was no immediate response from French officials.
The European Commission said last week that the bloc would not be short of oil if Iran stopped crude exports, as they have enough in stock to meet their needs for around 120 days.


Iran continues to flex its military muscle but appears willing to resume talks with world powers. NBC's Ali Arouzi reports.


Industry sources told Reuters on Feb. 16 that Iran's top oil buyers in Europe were making substantial cuts in supply months in advance of European Union sanctions, reducing flows to the continent in March by more than a third - or over 300,000 barrels daily.
France's Total has already stopped buying Iran's crude, which is subject to fresh EU embargoes. Market sources said Royal Dutch Shell has scaled back sharply.
Greece, Turkey and Saudi Arabia
Among European nations, debt-ridden Greece is most exposed to Iranian oil disruption.
Motor Oil Hellas of Greece was thought to have cut out Iranian crude altogether and compatriot Hellenic Petroleum along with Spain's Cepsa and Repsol were curbing imports from Iran.
Iran was supplying more than 700,000 barrels per day (bpd) to the EU plus Turkey in 2011, industry sources said.
By the start of this year imports had sunk to about 650,000 bpd as some customers cut back in anticipation of an EU ban.
Saudi Arabia says it is prepared to supply extra oil either by topping up existing term contracts or by making rare spot market sales. Iran has criticized Riyadh for the offer.
Iran said the cut will have no impact on its crude sales, warning that any sanctions on its oil will raise international crude prices.
The Associated Press and Reuters contributed to this report.

 

The next step in Iran sanctions: cutting off the bank



The White House is welcoming a potentially critical step in the international effort to squeeze Iran over its suspect nuclear program: A statement by the Belgium-based SWIFT network that it is ready to implement sanctions against Tehran. The Society for Worldwide Interbank Financial Telecommunication (SWIFT) handles most international transactions between banks.

"We note SWIFT's intention to stop transactions involving EU-designated Iranian banks when new EU sanctions regulations are in place," National Security Council spokesman Tommy Vietor told Yahoo News in an email. "We welcome this step and will be in contact with our European partners."
SWIFT processes the bulk of cross-border inter-bank transmissions—more than 15 million of them in more than 200 countries. Curbing Iran's access to the system would deepen the Islamic Republic's isolation from world finance and notably make it harder for Tehran to import or export goods.

"Sanctions on financial services have been particularly useful in interfering with illicit Iranian conduct," said Vietor. "We are in conversations with allies and partners about additional ways to increase the cost of their behavior, including by targeting services such as that provided by SWIFT and similar entities."
Western powers led by the United States have charged that Iran hopes to use its nuclear program to develop the ability to make an atomic arsenal. Tehran has denied the allegation.

As Yahoo News reported Thursday, SWIFT's general counsel is due in Washington next week, and will meet Democratic Senator Robert Menendez, key author of a legislative proposal to drive Iranian banks, including its central bank, out of SWIFT.

US, Britain urge Israel not to attack Iran


Strike could spark reprisals against U.S. targets in the Gulf or Afghanistan


Iran Oil Ministry: Exports cut to Britain, France
The International Atomic Energy Agency pushes for talks with Iran over its nuclear program as the government says it will ban all oil exports to France and Britain after European sanctions. NBC’s Stephanie Gosk reports.


By
updated 2/20/2012 8:34:39 AM ET2012-02-20T13:34:39

The U.S. and Britain on Sunday urged Israel not to attack Iran's nuclear program as the White House's national security adviser arrived in the region, reflecting growing international jitters that the Israelis are poised to strike.      
In their warnings, both the U.S. joint chiefs of staff, Gen. Martin Dempsey, and British Foreign Minister William Hague said an Israeli attack on Iran would have grave consequences for the entire region and urged Israel to give international sanctions against Iran more time to work. Dempsey said an Israeli attack is "not prudent," and Hague said it would not be "a wise thing."
Both Israel and the West believe Iran is trying to develop a nuclear bomb — a charge Tehran denies. But differences have emerged in how to respond to the perceived threat.
The U.S. and the European Union have both imposed harsh new sanctions targeting Iran's oil sector, the lifeline of the Iranian economy. With the sanctions just beginning to bite, they have expressed optimism that Iran can be persuaded to curb its nuclear ambitions.
On Sunday, Iran's Oil Ministry said it has halted oil shipments to Britain and France in an apparent pre-emptive blow against the European Union. The semiofficial Mehr news agency said the National Iranian Oil Company has sent letters to some European refineries with an ultimatum to either sign long-term contracts of two to five years or be cut off. The 27-nation EU accounts for about 18 percent of Iran's oil exports.
Israel has welcomed the sanctions. But it has pointedly refused to rule out military action and in recent weeks sent signals that its patience is running thin.
Israel believes a nuclear-armed Iran would be a threat to its very existence, citing Iran's support for Arab militant groups, its sophisticated arsenal of missiles capable of reaching Israel and its leaders' calls for the destruction of the Jewish state.
Benjamin Netanyahu
Sebastian Scheiner / AP
Israeli Prime Minister Benjamin Netanyahu is expected to visit the White House next month.
Last week, Israel accused Iran of being behind a string of attempted attacks on Israeli diplomats in India, Georgia and Thailand.

There is precedent for Israeli action. In 1981, the Israeli air force destroyed an unfinished Iraqi nuclear reactor. And in 2007, Israeli warplanes are believed to have destroyed a target that foreign experts think was an unfinished nuclear reactor in Syria.
Experts, however, have questioned how much an Israeli operation would accomplish. With Iran's nuclear installations scattered and buried deep underground, it is believed that an Iranian strike would set back, but not destroy, Iran's nuclear program.
There are also concerns Iran could fire missiles at Israel, get its local proxies Hezbollah and Hamas to launch rockets into the Jewish state, and cause global oil prices to spike by striking targets in the Gulf.
'Not prudent'In an interview broadcast on CNN Sunday, Dempsey said Israel has the capability to strike Iran and delay the Iranians "probably for a couple of years. But some of the targets are probably beyond their reach."
He expressed concern that an Israeli attack could spark reprisals against U.S. targets in the Gulf or Afghanistan, where American forces are based.
"That's the question with which we all wrestle. And the reason that we think that it's not prudent at this point to decide to attack Iran," Dempsey said.

Video: Iran remains defiant  Iran continues to flex its military muscle but appears willing to resume talks with world powers. NBC’s Ali Arouzi reports
.

Describing Iran as a "rational actor," Dempsey said he believed that the international sanctions on Iran are beginning to have an effect. "For that reason, I think, that we think the current path we're on is the most prudent path at this point."
The arrival of White House National Security Adviser Tom Donilon was the latest in a series of high-level meetings between Israel and the U.S. Last month, Dempsey visited Israel, and next month, Prime Minister Benjamin Netanyahu is expected to visit the White House.
Donilon was set to meet with Netanyahu late Sunday, and with Israeli Defense Minister Ehud Barak on Monday before leaving.
Asked whether he believed Israel could be deterred from striking, Dempsey said: "I'm confident that they understand our concerns, that a strike at this time would be destabilizing and wouldn't achieve their long-term objectives. But, I mean, I also understand that Israel has national interests that are unique to them."


Video: US hopes for talks with Iran  The Obama administration believes Iran “is a rational actor” and that talks could prevent a nuclear bomb. Israel disagrees. NBC’S Andrea Mitchell reports.


Hague delivered a similar message in Britain. Speaking to the BBC, he said Britain was focused on pressuring Iran through diplomatic means.
"I don't think a wise thing at this moment is for Israel to launch a military attack on Iran," he said. "I think Israel like everyone else in the world should be giving a real chance to the approach we have adopted on very serious economic sanctions and economic pressure and the readiness to negotiate with Iran."
In a sign that the diplomatic pressure might be working, Iran's foreign minister said Sunday that a new round of talks with six world powers on the nuclear program will be held in Istanbul, Turkey. didn't give any timing for the talks.
The last round of talks between Iran and the five permanent members of the U.N. Security Council plus Germany were held in Istanbul in January 2011 but ended in failure.

Top Defense Chiefs Defend DoD Budget(Senate)



Cuts are "acceptable risk


Senate Armed Services Cmte. Hearing

Washington, DC
Tuesday, February 14, 2012
Sec. of Defense Leon Panetta and Chairman of the Joint Chiefs of Staff Gen. Martin Dempsey reviewed the department's $525 billion proposed budget for the 2013 fiscal year during a Senate Armed Services hearing.
In addition to detailing the budget, Panetta and Dempsey spoke to lawmakers for authority to close several domestic military bases.  Bloomberg News also reports that "Panetta will propose reducing military personnel and canceling the U.S. Army's C-27J transport plane."
The Defense planned 2013 spending is $51 billion lower than an earlier White House spending plan of $576 billion.
The Pentagon is under a threat of additional budget cuts as a result of last year's deficit-reduction deal. If Congress is unable to agree on a new plan for spending cuts or additional taxes, the Defense budget will be cut by $1 trillion over the next ten years.

Defense Dept. Continues to Tout $525.4B Budget(House)

House Armed Service Hearing on DoD Budget
 
Washington, DC
Wednesday, February 15, 2012
Following up on yesterday's Senate appearance, Defense Secretary Leon Panetta detailed his department's proposed 2013 budget. Joining the Secretary before the House Armed Services Committee was Gen. Martin Dempsey, chairman of the Joint Chief of Staff.
The 2013 spending plan calls for $525.4 billion in discretionary funding for the base Department of Defense budget, a decrease of 1 percent, or $5.1 billion, below the 2012 enacted level. These savings are as a result of canceled or delayed department projects.
Both witnesses continue to cautioned Committee lawmakers against making deeper spending cuts than those already proposed.
On Tuesday, Secretary Panetta told Congress that the new budget comes with some risks. He said, “You can’t take half a trillion dollars out of the budget without risk” and called a potential sequestration a “meat-axe approach” that would severely affect the national defense.



President's 2013 Budget Proposal
Presidential Budget The White House has released its FY2013 Budget proposal. Pres. Obama made the initial announcement and the OMB and other Administration Budget Executives briefed on the budget details.
View the President's FY2013 proposed budget
See below for more information about cabinet department and agency budgets.


Feb 15 2012 10:00 AM

FY13 National Defense Authorization Budget Request from the Department of Defense

Full Committee

Rayburn House Office Building - 2118

Majority Statements

Witness Panel 1

Israel holds 18 after tourists stoned


Israeli border policemen detain a Palestinian man outside the Al-Aqsa mosque compound in Jerusalem. Police arrested 18 Palestinians in the grounds of the flashpoint mosque complex on Sunday after tourists visiting the site under police escort were stoned, police said. (AFP Photo/Ahmad Gharabli) 
Policemen detain a Palestinian man outside the Al-Aqsa mosque compound in Jerusalem today 

Israeli police arrested 18 Palestinians in the grounds of Jerusalem's flashpoint Al-Aqsa mosque complex on Sunday after tourists visiting the site under police escort were stoned, police said.
"Stones were thrown at tourists and police officers. We have made 18 arrests in all of people suspected of involvement," spokesman Micky Rosenfeld told AFP, adding that calm was restored.
Nasser Kos, a resident of Jerusalem's Old City who witnessed the incident, said a group of Christian tourists entered the compound. Among them, Palestinians spotted religious Jews and began hurling stones at police, he said.
Police used tear gas to disperse the Palestinians, none of whom was hurt, Kos said.
Rosenfeld said one policeman was lightly injured by a stone that hit him on the head, and he was treated at the scene.
A Palestinian protest was staged a week ago at the site, revered by Jews as the site of their biblical Jewish temple, when a group of Jewish nationalist hardliners attempted to visit it but were prevented by police from doing so.
The Al-Aqsa compound, known to Jews as Temple Mount, is home to the third-most sacred place in Islam. It is venerated by Jews as their holiest site, where King Herod's temple once stood before it was destroyed by the Romans in 70 AD.

Iran Oil Ministry: Exports cut to Britain, France

1
day
ago


The Obama administration believes Iran "is a rational actor" and that talks could prevent a nuclear bomb. Israel disagrees. NBC's Andrea Mitchell reports.


TEHRAN, Iran -- Iran has halted oil shipments to Britain and France, the Oil Ministry said Sunday, in an apparent pre-emptive blow against the European Union after the bloc imposed sanctions on Iran's crucial fuel exports.
The EU imposed tough sanctions against Iran last month, which included a freeze of the country's central bank assets and an oil embargo set to begin in July. Iran's Oil Minister Rostam Qassemi had warned earlier this month that Tehran could cut off oil exports to "hostile" European nations. The 27-nation EU accounts for about 18 percent of Iran's oil exports.
According to the BBC, Qassemi reaffirmed his stance, claiming the suspension posed no problems for Iran.

Targeting Britain and France appeared to be a political decision by Iran to punish the two countries for supporting tougher sanctions against Iran over its disputed nuclear program.
"Crude oil exports to British and French companies have been halted," Oil Ministry spokesman Ali Reza Nikzad-Rahbar said on the ministry's website. "We have our own customers and have no problem to sell and export our crude oil to new customers."
Britain's Foreign Office declined comment, and there was no immediate response from French officials.
The European Commission said last week that the bloc would not be short of oil if Iran stopped crude exports, as they have enough in stock to meet their needs for around 120 days.

Iran continues to flex its military muscle but appears willing to resume talks with world powers. NBC's Ali Arouzi reports.

Industry sources told Reuters on Feb. 16 that Iran's top oil buyers in Europe were making substantial cuts in supply months in advance of European Union sanctions, reducing flows to the continent in March by more than a third - or over 300,000 barrels daily.
France's Total has already stopped buying Iran's crude, which is subject to fresh EU embargoes. Market sources said Royal Dutch Shell has scaled back sharply.
Greece, Turkey and Saudi ArabiaAmong European nations, debt-ridden Greece is most exposed to Iranian oil disruption.
Motor Oil Hellas of Greece was thought to have cut out Iranian crude altogether and compatriot Hellenic Petroleum along with Spain's Cepsa and Repsol were curbing imports from Iran.
Iran was supplying more than 700,000 barrels per day (bpd) to the EU plus Turkey in 2011, industry sources said.
By the start of this year imports had sunk to about 650,000 bpd as some customers cut back in anticipation of an EU ban.
Saudi Arabia says it is prepared to supply extra oil either by topping up existing term contracts or by making rare spot market sales. Iran has criticized Riyadh for the offer.
Iran said the cut will have no impact on its crude sales, warning that any sanctions on its oil will raise international crude prices.
The Associated Press and Reuters contributed to this report.

 

Santorum paid double Romney's tax rate in 2010, records show


days
ago

Visit msnbc.com for breaking news, world news, and news about the economy


GOP presidential candidate Rick Santorum is riding his momentum from a trio of caucus wins to the top of the latest national polls. NBC's Peter Alexander reports.
Presidential hopeful Rick Santorum sought to draw another sharp contrast between himself and Republican rival Mitt Romney when his campaign released four years of tax returns Wednesday night.
The documents, reported by Politico, show Santorum and his wife, Karen, earned more than $3.5 million from 2007 through 2010, but paid more than one-quarter of their earnings back in taxes. The most they paid in taxes was in 2010, when they earned $923,411 and paid an effective tax rate of over 28 percent.

Romney's 2010 tax returns show the former Massachusetts governor and wife Ann earned $27 million and paid a tax rate of 13.9 percent.
"I felt very successful in making money. Also, I was very successful in paying taxes," Santorum told CNN on Wednesday. "I think our tax rates were ... between 25 percent and 28 percent. You know, I do my own taxes and maybe I didn't have all the deductions and exclusions that I could have. But I was trying to be as straightforward as I could and paying the taxes I thought I owed."
New Gingrich's 2010 tax records, however, show he paid even more than Santorum in taxes, earning $3.1 million that year and paying back 31.5 percent.
The Santorums filed an adjusted gross income of $659,637 in 2007, that rose to $945,100 in 2008, $1.1 million in 2009 and $923,411 in 2010.
'We've been very blessed'While the candidate acknowledged his success, Santorum was quick to point out that he has two children in college, a special needs child and a home that has lost 40 percent of its value.
"I took a lot of that money and actually paid down a rather significant mortgage to the point where ... my mortgage was still below the value of my house," he said. "And that's been a bit of a hit for us. And I have two kids in college and a child with a disability and needing care, so, you know, we've had some expenses and we've been very blessed to have the opportunity to be able to handle those and still be in the black.
The release does show the former Pennsylvania senator's wealth grew since he lost his re-election bid in 2006. The latest Republican to surge in the polls has disputed the notion he has cashed in from his time on Capitol Hill.
But shortly after the information was made public, Santorum sought to use it to play up the blue-collar background he speaks about so frequently on the campaign trail.
He referred to himself as a "grunt lawyer" in a Pittsburgh law firm before getting to Congress.
Santorum took a break from stumping in Florida last month before the Sunshine State's primary to return home to ready the documents that he himself files each year, never relying on an accountant.
He also points to his re-election loss as an opportunity for him to gain private-sector experience, something Romney has critiqued Santorum for not having.
"In many respects, I have to say the people of Pennsylvania didn't always give me what I wanted, but they gave me what I needed. And in retrospect, Piers, it was probably the best thing that ever happened to get away from Washington to give me a perspective on things," he told CNN's Piers Morgan.
"It was a really great opportunity to get a whole bunch of different life experiences in the private sector and I think it's made me a better candidate coming forward here for president," Santorum added.
Four years worth of tax returns is the most any GOP presidential hopeful has released. Ron Paul now becomes the only candidate who has yet to make his returns public.



Exclusive: Santorum releases four years of tax returns

By MAGGIE HABERMAN |
2/15/12 8:26 PM EST
Santorum Taxes 2007SantorumTaxes 2008
Rick Santorum said they would come this week, and here are four years worth of his taxes, from years 2007 through 2010.
They can be found here, here, here and here. The returns are the most in number that have been released by any of the major GOP contenders - Newt Gingrich and Mitt Romney didn't release several years' worth.
Santorum and his wife Karen filed joint returns for all four years. As you'll see from the returns, the Santorums' adjusted gross income went from about $659,000 in 2007, his first year out of the Senate, to $952,000 in 2008, to $1.1 million in 2009 and about $923,000 in 2010.
They paid about $167,000 in taxes in 2007, about $262,000 in 2008, $310,000 in 2009, and $263,000 in 2010.
There is depreciation on a condo property over the various years. The Santorums' charitable giving was a small percentage of his income each year.
In 2010, the couple reported some modest gains and losses from sales of Brandywine and United Health Services shares. Santorum had served on the UHS board until he declared his presidential campaign. And in 2008, they bought an Audi A6, which was claimed as a depreciated business expense.
UPDATE: And I was remiss in failing to mention that the Santorums claim several of their seven kids as dependants, a reminder of why their household income doesn't stretch perhaps as far as they'd like, although it's still a sizable annual income. However, the Santorums reported far less than either Gingrich or Romney in income - Romney in 2010 reported $21.7 million in income, while Gingrich and his wife had an adjusted gross income of over $3.1 million for the same year.
Also, their tax rate appears to be close to 29 percent in the highest-earning years, and closer to 25 percent for the lower ones. Romney made headlines when he said his effective rate was about 15 percent, which is being paid on income that is not wages, but from investments.
The Santorums' returns indicate they were self-prepared.
UPDATE II: Via POLITICO's Juana Summers, Santorum had this to say about his taxes tonight in North Dakota:
"I don't have wealth. I don't have investments. I don't have capital gains," said Santorum, who added that "most of the assets that I ended up building was paying down a mortgage on my house that went down in value."

"So that's where most of my money went. But as far as the tax rates were concerned, (Romney) had dividend income, he had capital gains income and was taxed at 15 percent," he said. "I had ...income, which was taxed at a higher rate."

Santorum Taxes 2009Santorum Taxes 2010

First Thoughts: How did Romney get here?


4
days
ago

How did Romney get here?... Romney targets Big Labor, but could that hurt him in a general election?... The GOP united in targeting labor is a recent phenomenon… Santorum releases his tax returns… Obama: “Right now!”… And payroll tax cut legislation deal appears to be finalized.

*** How did Romney get here? As Mitt Romney finds himself in a real battle to win Michigan -- a state where he holds so many advantages -- it raises an inevitable question: How did he get here? How did he get to yet another moment where perhaps his entire candidacy is on the line? After all, he didn’t stumble in a debate (as he did in South Carolina). He didn’t commit a serious gaffe. And he isn’t on unfriendly turf (as he was in Iowa and South Carolina). Romney appears to be his current predicament 1) because he and his team gave Rick Santorum an opening in the contests of Colorado, Minnesota, and Missouri; and 2) because of ideology. Indeed, according to the polls, Santorum has become the latest conservative flavor of the month (or week) due to the support he’s getting from conservatives and Tea Party supporters. The good news for Romney: He’s been in this position before. After losing in South Carolina and after seeing polls showing Gingrich with momentum heading into Florida, Romney EASILY won the Sunshine State. Less than two weeks from now, we’ll see if he and his campaign can accomplish the same feat. Picking up the endorsement (and endorsement op-ed) of Michigan Gov. Rick Snyder is a big help.


Gerald Herbert / AP
Republican presidential candidate, former Massachusetts Gov. Mitt Romney speaks at a campaign rally in Kentwood, Mich., Wednesday, Feb. 15, 2012.
*** Are we headed for Thunderdome? But the bad news for Romney: He’s been in this position before. And what if the same tricks just simply don’t work. Team Romney may have the ability to throw 100 mph fastballs and most batters swing and miss. But if the ONLY pitch they have is a high hard fastball, then eventually the batter catches up to it. And the batter in this case is both Santorum and the voters. Less than two weeks from now, we’ll see if he and his campaign can accomplish the same feat and put another high, hard one past another conservative alternative batter. Because if he doesn’t, the GOP race for delegates and that nomination could become… well, we’ll let George Costanza say it: “Anything goes. It’s like Thunderdome.”

*** Romney targets Big Labor: As NBC’s Garrett Haake reported last night, Romney made his Michigan strategy clear at his rally in Grand Rapids: pick a fight with organized labor. "The president finally came around to my own view that Detroit needed to go through managed bankruptcy,” Romney said when talking about the auto industry. “But he gave the companies to the UAW [United Auto Workers] when he was finished with the process. That again is something which I think is consistent with the fact that he got a lot of money from organized labor and felt that he should give them a favor." He also said that Obama “got hundreds of millions of dollars from labor bosses for his campaign, and so he's paying them back in every way he knows how. I've taken on union bosses before, and I'm happy to take them on again."

*** But could it hurt him in a general election? This Romney strategy appears to have two components. One, it’s a way to set up a contrast with Santorum, with the Romney camp noting that the former Pennsylvania senator voted on organized labor’s side when he served in the Senate. (We’re betting Team Romney never planned on going this anti-union in their rhetoric, but it’s the best policy contrast they can draw to make Santorum look out of touch with rank-n-file conservatives). And two, the strategy is a way to explain his position on the auto bailout. (However, Romney’s auto talk produced this response from the Obama campaign: “Had Mitt Romney had his way, the government would have not provided the funding that GM and Chrysler needed to stay afloat during their managed bankruptcy and both companies would cease to exist.”) But Romney’s tough words on unions raise this question: Will it be a problem for him in a general election? After all, as Haake notes, 12% of Michigan’s workforce belongs to a union. And in the 2008 general election, per the exit polls, 34% of Michigan voters said that someone in their household was a union member (and Obama won 67% of that vote, though McCain still won 31%). There’s a fine line between bashing UNIONS and UNION MEMBERS, and it’s a tricky line for Republicans in the Rust Belt and Midwest.

The Republican presidential candidates are focusing heavily on Michigan, which holds its primary on Feb. 28, and Mitt Romney is playing up his Michigan roots on the campaign trail. NBC's Peter Alexander reports.

*** The GOP united targeting of labor has been a recent phenomenon: And Michigan isn’t the only presidential battleground state with a sizable union population; there’s also Ohio, Wisconsin, and Santorum’s home state of Pennsylvania. It’s worth noting that it’s only been in the last three years that the Republican Party has been united in targeting labor and with such intensity. In recent times, several GOP politicians -- Dick Lugar, George Voinovich, Spence Abraham -- tried to win over union voters. And, of course, those famous “Reagan Democrats” that the nation’s 40th president won in 1980 and 1984 were always considered to be folks from union households in places like Michigan. But those days are long gone.

*** Romney in ’08: “I actually believe that the union vote is very important to Republicans”: Here’s a final point on Romney and organized labor. When he was campaigning in the state four years ago -- in Jan. 2008 -- he made a pitch to the state’s union workers. "I actually believe that the union vote is very important to Republicans," he told FOX's Neil Cavuto a day before the ‘08 Michigan primary, adding: "We're in this together. The auto industry is going to succeed or fail. And if it fails, it's going to hurt not just the shareholders, but all the employees." A Romney campaign official tells First Read that Romney believes it’s still important for unions and management to work together. But the campaign draws a distinction from “union bosses” and the rank-and-file. “That is why he supports labor law reforms that will take power from union bosses who have no interest in a constructive relationship with management, and return it to workers,” the campaign official says.

*** Santorum releases his tax returns: Today, Rick Santorum campaigns in Michigan by giving a speech at the Detroit Economic Club and then addressing the Oakland County GOP Lincoln Day Dinner. And last night, according to NBC’s Andrew Rafferty, he released four years of his tax returns (from 2007 through 2010). They showed the Santorums filed an adjusted gross income of $659,637 in ’07, $945,100 in ’08, $1.1 million in ’09, and $923,411 in ’10. The largest portion they paid in taxes was in 2010, when their effective rate was over 28%. That rate, as Rafferty notes, is larger than Romney’s 13.9% from 2010 but smaller than Gingrich’s 31.5%. The tax returns also tell us something else: Santorum made money off being a former senator, though not to the extent that other ex-politicians have.
*** Right now: Traveling with President Obama yesterday in Wisconsin, NBC’s Ali Weinberg was struck by this exhortation from the president: Do it now! "Don't wait. Get it done. Do it now. Let's get it done," he said at his event in Milwaukee. Obama added, "This Congress should send me these tax reforms right now. I will sign them right away.” Weinberg recounts that a woman then shouted from the crowd, "Right now!" "Right now!" The president responded, smiling and eliciting cheers. Then, the chant, crescendoing as more of the crowd joined in: "Right now! Right now! Right now!" The Obama campaign has been looking for a sequel to their “fired up” mantra from four years ago that did help create passion at their rallies. Don’t be surprised if they try and reprise this “right now” again, especially since it appears this was actually organic… By the way, the president’s entire public schedule today is all fundraisers. Four separate events (L.A. and San Francisco). That ties for the most fundraising events he’s done in a day as president. In 2010, he had a handful of days where he did four events as well.

*** Payroll tax cut deal appears finalized: “Congressional negotiators gave final approval early Thursday to an economic plan worth more than $150 billion that would extend a payroll tax holiday and unemployment benefits,” the Washington Post writes. “A key roadblock was overcome when the lawmakers agreed to require new federal workers to contribute more to their pension plans, clearing the way around 12:30 a.m. for a majority of the House-Senate conference committee to begin signing onto the deal.” NBC’s Frank Thorp reports that Democrats in the Senate were able to secure enough votes to pass the plan through conference by changing a provision that would increase the amount federal workers pay into their pension funds. The new provision requires that ONLY new federal employees will have to pay more into their pensions. The provision was a major sticking point for Sen. Ben Cardin (D-MD), who had originally held out because the cost to federal workers.

*** On the trail, per NBC’s Adam Perez: Romney, remaining in Michigan, campaigns in Monroe and Farmington Hills before heading to Ohio… Santorum stumps in Detroit and Oakland County… Gingrich and his wife are still in California… And Paul makes stops in Idaho and Washington state.

Krauthammer on payroll tax holiday compromise: ‘Selling crown jewels to buy crack’


On “Inside Washington” Saturday, Washington Post columnist Charles Krauthammer offered a contrarian view on the bipartisan agreement expected to allow for the extension of payroll tax cuts. An agreement many are hailing as the way Washington ought to work all the time.
That agreement would extend the payroll tax holiday through the end of the year, but cost the federal government an estimated $100 billion.
According to Krauthammer, there is no economic benefit in doing that.
“This tells you how bad our politics have become,” Krauthammer said. “Everybody here is so delighted that we finally have a bipartisan agreement and are celebrating it. Over what? … We have just added $100 billion [to a $16 trillion debt for]… a payroll tax cut that every economist will tell you will not have any influence on the creation of jobs or helping our economy. It is temporary and it will have no effect.”
Krauthammer explained that the way the government is paying for it makes absolutely no sense.
“And you know how we are paying for some of the goodies in that?” he continued. “We are auctioning off spectrum. Now you ought to auction off spectrum anyway. However, the idea that you are going to do that — this is a priceless commodity that the government is selling off. Is selling crown jewels– it is selling the jewels to buy crack.’
“The payroll tax cut has no effect on what is going to make … it is going to make people smile for eight or nine months, $100 billion and we are selling, auction to do that. That’s the state of our politics today. And we’re all happy it was done on a bipartisan basis.”