Only the very naive would think Adelson is just being generous. He expects a lot in return as do the Koch brothers, and the others including foreigners since those donees are unknowns.
I like what FDR said about the GOP and organized money way back in 1936.
<<"We had to struggle with the old enemies of peace, business, and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering.
They had begun to consider the Government of the United States as a mere appendage to their own affairs. We know now that Government by organized money is just as dangerous as Government by organized mobs.
Never before in all our history have these forces been so united against one candidate as they stand today. They are unanimous in their hate for me, and I welcome their hatred.
I should like to have it said of my first Administration that in it the forces of selfishness and of lust for power met their match. I should like to have it said of my second Administration that in it these forces met their master. . .">>
Billionaire Contributer To Gain $2 Billion Tax Break If Romney Is Elected
JaguarSocialist
2012/09/11 22:11:11
Billionaire Sheldon Adelson may not love Mitt Romney, but he loves the $2 billion tax break he stands to get with a Republican in the White House. That’s why he has willingly put $100 million into the campaign of a man he doesn’t seem to care for.
According to a report issued on Tuesday by the Center For American Progress Action Fund, Adelson could reap this amazing tax windfall over the four years of a new GOP administration. Although not all of Adelson’s financial picture is public, and much of Romney’s tax plan is vague, the Center estimates, from what is known, that the tax benefit would come from the following areas:
Cutting the top tax rates.
Keeping the current low rates on dividends (which his companies have to pay)
Keeping the current low rate on capital gains (meaning larger profits on sale of stocks)
Giving a tax windfall to Adelson’s company, Las Vegas Sands Corp., on untaxed casino profits in Asia, plus by granting an exemption to taxation of future overseas profits.
Eliminating the estsate tax, which would benefit Adelson’s heirs for years to come.
http://www.addictinginfo.org/2012/09/11/billionaire-contribut...
Let's not forget there are working class Americans who are ignorant enough to believe that they and Adelson are in the same economic class and/or have common economic interests. No one deserves a $2 billion tax break.
Remember the uproar from conservatives when Bill Clinton allegedly took foreign campaign contributions. Yet, considering the following, we haven't heard a whimper from the right wing noise machine.
Oh, and just in case you missed it, that includes the illegal act of raising campaign funds from foreign nationals–meaning, this summer’s fundraisers in Israel where Adelson connected Romney with wealthy foreign donors.
According to a report issued on Tuesday by the Center For American Progress Action Fund, Adelson could reap this amazing tax windfall over the four years of a new GOP administration. Although not all of Adelson’s financial picture is public, and much of Romney’s tax plan is vague, the Center estimates, from what is known, that the tax benefit would come from the following areas:
Cutting the top tax rates.
Keeping the current low rates on dividends (which his companies have to pay)
Keeping the current low rate on capital gains (meaning larger profits on sale of stocks)
Giving a tax windfall to Adelson’s company, Las Vegas Sands Corp., on untaxed casino profits in Asia, plus by granting an exemption to taxation of future overseas profits.
Eliminating the estsate tax, which would benefit Adelson’s heirs for years to come.
http://www.addictinginfo.org/2012/09/11/billionaire-contribut...
Let's not forget there are working class Americans who are ignorant enough to believe that they and Adelson are in the same economic class and/or have common economic interests. No one deserves a $2 billion tax break.
Remember the uproar from conservatives when Bill Clinton allegedly took foreign campaign contributions. Yet, considering the following, we haven't heard a whimper from the right wing noise machine.
Oh, and just in case you missed it, that includes the illegal act of raising campaign funds from foreign nationals–meaning, this summer’s fundraisers in Israel where Adelson connected Romney with wealthy foreign donors.
Top Opinion
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luvguins 2012/09/11 23:41:07
I like what FDR said about the GOP and organized money way back in 1936.
<<"We had to struggle with the old enemies of peace, business, and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering.
They had begun to consider the Government of the United States as a mere appendage to their own affairs. We know now that Government by organized money is just as dangerous as Government by organized mobs.
Never before in all our history have these forces been so united against one candidate as they stand today. They are unanimous in their hate for me, and I welcome their hatred.
I should like to have it said of my first Administration that in it the forces of selfishness and of lust for power met their match. I should like to have it said of my second Administration that in it these forces met their master. . .">>