Saturday, April 13, 2013

Slow Saturday Special: Obama's Poor PAC

"Obama fund-raising offshoot raises $4.9m in first quarter

WASHINGTON — Organizing for Action, the grass-roots group that grew out of President Obama’s campaign machine, raised just shy of $4.9 million during the first quarter of 2013, according to an e-mail to the group’s supporters.

The group, which began fund-raising in late January, is designed to help support Obama’s governing agenda by tapping into his list of campaign supporters. It has so far organized events and bought online ads about gun control and immigration issues.

But the fund-raising totals suggest that the organization may struggle to raise the kind of resources that Obama was able to rely on during his two presidential campaigns, when Obama for America raised hundreds of millions of dollars.

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Also seeSlow Saturday Special: Obama's Nonprofit PAC

Related:

"Obamas earned less in 2012, pay $112,000 in taxes; Effective federal rate is 18.4% on $608,611 income" by Josh Lederman  |  Associated Press, April 13, 2013

His rate is less than mine?

WASHINGTON — President Obama made less in 2012 than in any other year since taking office, with about 40 percent of the nearly $609,000 in income that he and first lady Michelle Obama reported coming from book sales....

The president revived his push for wealthier Americans to pay higher taxes, arguing that higher earners like himself should bear a larger share of the burden for deficit reduction.

Then WTF?

He also proposed a change in the way inflation is calculated that, if proposed, would have the effect of pushing more Americans into higher tax brackets....

What a money-grubber!

Also seeBudgeting My Posts


Higher taxes as he is cutting Social Security, huh?




He's doing it to all of us.


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Looks like he is doing okay.