We’re down to the Final Four in our Tax Madness!
Rush Limbaugh faded back out of the spotlight after being overshadowed by Ben Bernanke who raised concerns about the economy’s ability to sustain gains. Bernanke faced a tough challenge with Romney, eventually losing out to the presidential candidate.
Of the GOP presidential nominees, only Romney remains in the running. He bested Papademos as he targeted the Obama health care bill, calling it the “genius of federalism” that allowed states to reach their own best solutions for health care. This was clearly a nod to his own stint as governor of Massachusetts when, as he said, “we instituted a plan that got our citizens insured without raising taxes and without a government takeover.” While Romney has taken a public flogging by presidential hopeful Rick Santorum, he has talked enough tax to remain in the run up to the Final Four.
Pres. Obama stayed in the tax spotlight with increased scrutiny over his proposed budget. Under his plan, those in the top brackets would pay more with the Tax Policy Center reporting that those in the top 1% of income would see an average tax increase of nearly $109,000 in 2015. That was enough for him to edge out Merkel to make it to the Final Four.
David Cameron easily nosed out McCain but faced a tough competitor in Timothy Geithner. Fortunately for Cameron, Geither remained mostly quiet this weekend as noise over Cameron’s budget proposal continued to grow. Rancor over his so-called Granny tax also kept Cameron in the spotlight. Cameron is the only international leader to make it to the Final Four.
Mayor Nutter made news this week by referring to the killing of Trayvon Martin as an “assassination” but he didn’t talk enough tax this week to best Doug Shulman. Shulman was front and center this week, assuring Congress that the Tea Party wasn’t being targeted by IRS. He said, about the accusations, “This notion that we are targeting anyone, I think, is off.” Shulman is the only non-politician to make it to the Final Four.
That means that the Final Four this year is down to Romney, Obama, Cameron and Shulman. Who will make the most tax news in the finals?
Remember, there are no official prizes since it’s all subjective. But if you want to post in the comments (or over on Facebook) as to who you think will ultimately prevail, I might see what I can dig up in the taxgirl prize files.