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Gingrich campaign Ramps Up In Nevada
Gingrich campaign Ramps Up In Nevada

AIR DATE: January 30, 2012

Newt Gingrich will bring his campaign to Nevada this week as the state prepares for the GOP caucuses and Feb. 4. Gingrich's victory in the South Carolina primary gives the former house speaker some momentum going into the Florida primary on January 31 then West for Nevada's caucus the following Saturday. So will Gingrich make waves in Nevada? We talk to former candidate and Gingrich spokesperson, Sue Lowden about how the former speaker will sway Nevada voters.

Sue Lowden, Gingrich Spokesperson

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    I am tired of my government treating those who participate passively (via investments) more fairly than me who expends time at my work. Persons who are labeled job creators get a fair rate of 15%. Those persons who have not achieved that label, get to pay a min of 20% income tax + 15% Social Security = 35%. When did it occur that our government label one taxpayer more valuable then other taxpayers? Our government has decided to pay one type of citizen 20% (35%-15%) more than all other citizens. Where does it say in the Constitution it has a right to treat citizens differently in this regard valuing one more than others? Something just does not fit correctly where hard work is espoused as good for America, and when someone produces from the sweat of their brow and ache in their back, that they are punished by paying at a minimum of 20% more in taxes than someone who invests their money and personally DOES NOT produce physical labor themselves. To tax physical labor at a higher rate than an investor-sounds like the beginning of a caste system.
    Kirk KaplanJan 26, 2012 12:23:35 PM
    I am disappointed in Sue. She speaks as though she is a tax expert, when she is not. She claimed on SON today that Bain Capital is a corporation that paid 35% tax rate, before it paid dividends to Mr. Romney. Then Mr. Romney paid 15% on the dividend's he received. So the math, according to Sue, is 35% + 15% = 50% tax rate that Mr. Romney paid. This calculation is wrong on all levels. Bain Capital is a private hedge fund that is structured as a limited partnership. Limited partnerships were created as a business structure to obtain capital while limiting investor's management involvement. I find hard to believe that Bain, an organization with sophisticated managers, would structure itself as a taxable entity - such as a Sub Chapter C Corporation and pay a 35% tax rate. To do so otherwise would defeat its preferential tax treatment. Under Section K of the Internal Revenue Code, partnerships are pass through entities. Translated, this means all profits and capital gains are passed through to the partners and taxed at the partner's individual income tax level. Anyone doubting this, ask your CPA.

    Oh, and by the way, capital gains are not subject to Social Security Tax.

    Kirk Kaplan, CPAJan 26, 2012 11:38:38 AM
    Sue Lowden has no idea what she is talking about generally and when she is talking about private equity firms such as the Bain Group/Mitt Romney, she is either ignorant or a liar. If I was Gingrich, I would not want her to be my spokesman.

    From everything I gather in my research, private equity firms pay NO FEDERAL INCOME TAX PRIOR TO DISTRIBUTION TO THE PARTNERS. She went on extensively in that regard. The partners then pay the tax at the lower rate.

    Lowden is a typical rich Republican who says what she believes to be the facts whichout researching or knowledge of the facts. She must believe that if she spreads enough manure, she can make something grow.

    Will SchroederJan 26, 2012 10:13:55 AM
    I wanted to ask Ms. Lowden about Speaker Gingrich's comments regarding "poor children" who don't know how to work and should therefore have to work at their "failing" public schools. That comment was offensive on so many levels, particularly to me as a teacher at one of those "poor kid" schools. Additionally, he made comments about convincing Black Americans that a paycheck is better than food stamps. How can Americans want a person like that who is so ignorant and divisive to be our leader during this difficult time? When asked about those comments and whether he understood that they are offensive, he said no.
    ElizabethJan 26, 2012 09:43:04 AM
    With all the talk about about % of hispanic vote. And other nationalities. WHERE DO half hispanic half white people get classified in the hispanic or white %. Andvsovoj for all the mixed races. Orvare they in there own race class. The mixed race????
    carson jonesJan 26, 2012 09:42:49 AM
    "Republicans - the party of family and faith"!!! Okay, then why in the name of all that is worth while should Republicans vote for him? Gingrich is a serial liar, a serial cheater. A man who has abused the trust and faith of his family on a regular basis. Who is to believe that the known incidences are the only times he has strayed?

    I just don't get it.

    Richard SmallJan 26, 2012 09:24:56 AM
    I earn less than 100,000 / year. If I invest in stock and take my profit, that is taxed. And my salary is taxed as well. Is that not true. The difference is that my salary is taxed at roughly 30% while his is taxed at 15%. How is that fair?
    Marc Jan 26, 2012 09:19:21 AM
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