More About Gifts

Mitt Romney is continuing to assert the reason for his loss in the Presidential election was because Obama gave “gifts” to his supporters.  Perhaps Romney can explain how his low tax rate is different from college students receiving a lower interest rate on their student loans.  How does the Bush tax cuts which favored the top 1% of Americans differ from allowing innocent children brought to this country by their parents earning the right to work and support themselves.  If his fiscal policy where he claimed he would reduce the tax rates by 20% was not intended as a gift to people like Sheldon Adelson and Foster Fries, who contributed millions of dollars towards his election, what would that policy be called an any other world.  Speaking of Adelson, seeing as how he makes his fortune from operating enterprises that require licenses by the state for those in Nevada and probably from the government where he also operates casinos in other countries, is he not already in receipt of gifts from government(s).  In 2011, the US government gave taxpayers and corporations $1,147,780 million dollars of gifts in the form of deductions, exemptions, and exclusions from the tax code.  One can be fairly certain that the recipients of the vast majority of that trillion dollar plus “gift” voted for Romney.  One can also be certain that those who have benefited from the gift where dividends, capital gains, and carried interest are subject to a far lower tax rate than earned income also made up a significant number of Romney voters.  The hypocrisy of the republican philosophy where things republicans receive from the government are beneficial but things non-republicans receive are gifts or bribes say a lot about why the country is facing current economic problems.