Will Smith Supports Buffett Rule

May 8, 2012, 11:28 am EST

The Buffett Rule — President Obama’s proposed tax plan that would require millionaires to pay at least 30% of their income in taxes — is fine by actor Will Smith.

Smith, one of Hollywood’s highest-paid actors, told the Associated Press that he’s “very supportive” of the tax plan.

“America has been fantastic to me. I have no problem paying whatever I need to pay to keep my country growing,” Smith told the AP. Read 

Santorum Emails Romney Endorsement

May 8, 2012, 9:34 am EST
Santorum Emails Romney Endorsement

Two weeks after suspending his campaign for the GOP presidential nomination, former Pennsylvania Senator Rick Santorum endorsed rival Mitt Romney.

The endorsement came in an email issued late Monday night. It followed a personal meeting between the two men on Friday in Pittsburgh, Fox News noted.

In the email, Santorum abandoned the harsh rhetoric he often used against Romney during the campaign and called for the party to unite to prevent President Obama from winning a second term. Read 

Romney: Obama Most Anti-Small Business President Since Carter

May 7, 2012, 9:39 pm EST

As President Barack Obama has pivoted towards the general election in November, his presumed Republican opponent, Mitt Romney, has come out swinging against him. The latest salvo? Claims by Romney that Obama is “the most anti-small business” president since Jimmy Carter.

What led Romney to say this? While attempts to seek clarification on this most recent criticism by Romney have gone unclarified by his campaign, he has made similar criticisms of Obama in the past. Those were grounded in Romney’s belief that federal regulation and health care reform have been bad for American businesses.

Not surprisingly, Obama’s record on issues relevant to small businesses is mixed. The administration has saved an estimated $10 billion by eliminating certain regulations by federal agencies, and touts a Bloomberg report that Obama has passed 5% fewer regulations than George W. Bush did in his first three years in office. Read 

Romney Pulls Even With Obama in 2 Key Swing States

May 3, 2012, 6:26 pm EST
Romney Pulls Even With Obama in 2 Key Swing States

Mitt Romney is now tied with Barack Obama in two of the three crucial swing states for the general election, according to Quinnipiac polls.

In Ohio, Obama has a 44% to 42% lead on Romney, while Romney leads in Florida by a 44%-43% margin. These percentages, however, fall within the polls’ margin of error, making it impossible to say which candidate is truly in the lead in either state. In Pennsylvania, Obama still leads Romney with a 47%-39% split, a statistically significant measure.

What helped Romney bridge the gap in Florida and Ohio? Two things. First, with Rick Santorum and Newt Gingrich both dropping out of the race, Romney is all but guaranteed to be the Republican Party’s nominee. This has freed him from having to run advertisements and make appearances catering to the GOP primary and allowed him to focus his efforts on Obama. Read 

Gingrich Officially Drops Out

May 2, 2012, 6:35 pm EST
Gingrich Officially Drops Out

Nearly a week after he signaled that he was considering leaving the GOP primary, former House Speaker Newt Gingrich officially announced today that he was suspending his campaign for president.

It was an up-and-down process for Gingrich, who endured losing nearly his entire campaign staff early in the campaign, finishing low in Iowa and New Hampshire, rocketing back to relevance by winning South Carolina, and then slowly being buried by Romney attack ads and a severe case of foot-in-mouth disease. It didn’t help when his ex-wife accused him of asking for an open marriage, or when he vowed to put a colony on the moon. He won Georgia, but lost ground to Mitt Romney and Rick Santorum, who took up the Republican Party’s conservative mantle before he dropped out.

While he had support from former GOP presidential candidates Herman Cain and Rick Perry, they eventually threw their support behind Romney once it became clear the former Massachusetts governor was going to be the Republican nominee. What kept Gingrich in the race as long as possible was the support of Sheldon Adelson, a casino owner whose family put $16 million into the pro-Gingrich super PAC Winning Our Future, enabling him to remain in the public eye even as Gingrich’s own campaign ran $4.3 million into debt. Read 

Romney’s Super PAC Begins $4M Ad Buy

May 2, 2012, 6:08 pm EST

Here it comes. On the heels of Barack Obama’s latest attack ad on Mitt Romney, and after pulling ads attacking GOP candidates from its YouTube account, the pro-Romney super PAC Restore Our Future is prepping a barrage of television ads.

According to a media analyst, the super PAC purchased up to $4 million in 30-second television ads in at least eight swing states crucial to this fall’s election. This would presumably take a significant bite out of Restore Our Future’s resources. The super PAC reported having $6.5 million cash on hand at the end of March. Of course, they have likely raised additional money since that report.

Romney’s own campaign had $10 million cash on hand at the end of April. This amount pales in comparison to Obama, who reportedly has $104 million in his war chest. Obama raised $35 million in March, compared to $12.6 million for Romney. Read 

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