Sen. McConnell, Mr. Speaker, I write a blog which supports The 47 Percent. We favor "Anything that gives the middle class a leg up." As such, I am following with interest your collaboration from the GOP side in creating "A New Era for America."
As a member of The 47 Percent, I want to share my thoughts about a story I read over the weekend. This one, from The New York Times: "Business owners and investors are rapidly maneuvering to shield themselves from the prospect of higher taxes next year, a strategy that is sending ripples across Wall Street and broad areas of the economy."
An example: Steve Wynn, whose business is Las Vegas casinos, who "has been a vocal critic of higher tax rates." On Tuesday, tomorrow, Wynn shareholders will "collect a special dividend of $750 million, a payout timed to take advantage of current rates."
The story says that this strategy will save just Wynn himself more than $20 million in taxes. Sirs, I can't adequately express how The 47 Percent would appreciate a similar strategy to save themselves just $200 in taxes, just with the Christmas season upon us. Talk about a leg up!
Apparently, though, we DO get a leg up of sorts. The story said Wynn alone would save $20 million, but it didn't say $20 million of what? If he is saving $20 million, it must mean he is paying some unknown figure in taxes in December, that he would not have been paying otherwise, before the end of the year, if ever (if Mitt had been elected). The same is true of many other business owners and investors. It must mean that it took only two weeks for The 47 Percent's vote (all for Obama, by Mitt's own definition) to count in a way that adds up, eventually, to dollars and cents for us! Such a quick return is very exciting!
Well, it's off to the big bird at Grandma's house. The 47 Percent hope you gentlemen have a great Thanksgiving!
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