Taxes… Late Again!

Well, it is that time of year again and as has unfortunately become an annual tradition we have filed an extension on our taxes. I was really hoping to get them done on time this year and had even lined up a new accountant but, with everything that has transpired over the last few months, it just wasn’t going to happen before the deadline. While I have much of the material and receipts set aside for this endeavor, I still need to print out a swath of statements and organize the mountain into the different deduction categories. It is definitely an undertaking that I am still not looking forward to.

The real issue that I am finding now is in the upcoming schedule that doesn’t seem to have too many free moments available to get the work done. Well, at least the next couple of months as the summer should provide enough time to pull everything together. This is a real issue, on the one hand I don’t want to spend the hours preparing the paperwork while on the other I really don’t want to give the government more money than I have to give them. After all, we are the ones that had to work for the money.

However, this rather large dilemma is actually proving to be a good thing as it is forcing me to take the tax proposals on the table by the various presidential candidates into more serious consideration. Essentially, this eliminates those whom I have already seen as a detriment namely both Democrat candidates. Basically, I have to look at what kind of financial position I will find myself in should Trump, Cruz, or Kasich take office. Well, at least what is being proposed… I won’t fully believe any of the ‘plans’ until they are implemented. And, let’s be honest, Kasich is done so I am going to focus on Trump and Cruz.

Simply put, you can go with an overhauled 10% flat tax as proposed by Cruz or a simplified graduated tax rate starting with those earning more than $25,000 ($50,000 for married couple filing jointly). For one, a flat tax is something that is manageable across the board and eliminates much of the overhead associated with the tax system (i.e. it would cut government spending) while a revised system would reduce the tax revenue while doing nothing to reduce the burden of associated overhead. Contrary to what many would want you to believe, the flat tax is sustainable and a sensible approach. Plus, I really don’t have a lot of confidence in someone proposing a tax structure when they themselves have spent years paying as little as possible while declaring bankruptcy many times over.

So, in the end, my support of Senator Cruz has been reaffirmed. It has been a long road getting here (he is the third candidate that I have decided to back) but we are now at the point when he is the one candidate that makes sense to me. Additionally, I like his decision to name a running mate in Carly Fiorina who brings a more moderate voice to the ticket as well as a long track record of executive business experience. Now all we can do is wait and see how the remaining primaries play out and what kind of contest we have during the national convention. It will certainly be interesting.

Caucus Results: Thinning the Hurd

Regardless of your party affiliation, it is always entertaining to watch the first votes cast of the year. Of course, having both tickets up for grabs makes for a much more interesting few weeks. As the results are tabulated in Iowa and then New Hampshire the following week, you can see the energy shift from one candidate to another. Sometimes the results are expected as they essentially meet the predicted percentages that the polling reflected days or weeks prior. However, sometimes there are little twists that basically throw the nomination back up in the air.

This year, Iowa gave us the first culling of the heard on both sides with O’Malley, Huckabee, Santorum, and, unfortunately, Rand Paul, suspending their campaigns following disappointing support. At the same time, there were a few candidates that got a surprising level of support in the first round with the socialist Sanders nearly edging out Clinton, Cruz winning by a surprising margin over Trump, and Rubio nearly taking second place from the lewd Billionaire. However, when all the votes were tallied and the concessions faded into the campaign records, Rubio seemed to be the most presidential both in the support that he received and the gracious yet substantive speech that he made. 

The Iowa Caucus made for some intriguing foreshadowing for what was to transpire in New Hampshire Primary where the outsider candidates, Trump and Sanders, claimed victory. Not surprisingly, following a poor debate performance over the weekend, Rubio fell a couple of spots. However, in the end, the primary did just what it was designed to do… it narrowed the field as both Christie and Fiorina suspended their campaigns following single digit turnouts.

If you want to know what role these initial dry runs have on the process, this is exactly it. We can’t head into November with a dozen candidates on the ballot. In a matter of two weeks a half dozen campaigns came to an abrupt halt. However, it seems as though the vote is still quite divided, more so than it has been in some time, and this whole process could drag on into the summer when Pennsylvania has a darn good chance of determining who will represent their party in the Presidential election. This is clearly case on the Republican side but is also a possibility on the Democrat side as the FBI may finally catch up to Clinton and the vacuum could draw a few more late entries into the fray… makes you wonder why Clinton’s campaign slogan isn’t “Catch me if you can!”

Anyway, it should continue to be an interesting race throughout the year especially if Trump keeps putting his foot in his mouth and Cruz keeps hiring actresses that will put anything in their mouths. Maybe we get lucky and both happen opening the door for Rubio. Of course, this is only half of the ticket and I am curious to see the candidates that have been bandied about as running mates. Could Rand Paul still be in the mix? I guess we will have to wait and see.

Will This Debate Start Clearing The Field?

Well, it is safe to say that high school is back in session. Of course, we didn’t need to look at the calendar to figure it out, all you had to do was watch the first 45 minutes of the Republican Presidential Debate last night on CNN. Thanks largely to comments carelessly caste by the bombastic Donald Trump, the first part of the over saturated debate consisted primarily of name calling, quips, and generalized statements rather than substantive discussions which should have been the primary focus throughout the evening. Thankfully, once the back and forth between the candidates took on a serious tone, Trump faded into the background having little input on the points being made.

I continue to be dumbfounded by the polling numbers which have shown significant support for the former Apprentice host and after last night those figures are even more confusing. Fortunately, there were a number of people on the stage that treated the event the way it should be, as an exchange of ideas and challenging the ideas of others. And while there were many that neither helped nor hurt themselves last night, there were a couple of candidates that showed some real promise. Of course, we will have to wait and see if it has any impact on their respective polling numbers.

Honestly, I haven’t paid too much attention to Carly Fiorina during these early stages of the campaign season. However, her performance in the secondary debate last month and on the main stage last night demonstrate that she is a viable choice. I have actually been quite surprised by how quickly she has developed her political persona and impressed by her ability to educate herself on the various topics that will surely shape the political landscape over the next year. The only thing that she really lacks is political experience but that can also be a good thing. We will just have to wait and see how she handles the additional pressure as she gains more of the spotlight.

While not my preferred candidate and having previously been hesitant to back him, I have always been a supporter of Marco Rubio. He delivered succinct well informed responses to the questions put on the table displaying a broad but deep knowledge both of foreign and domestic policy. In addition to the intelligence he has shown, I agree with many of his positions and respect his combination of tact and straightforwardness. He has also been willing to forge his own political path at times but never too far from the main road. These are the things that make this Senator, at least in my mind, the front runner for the presidency regardless of what might be reflected in the polling numbers.

Sadly, Rand Paul’s performance last night didn’t help his campaign. While he got a couple of good lines in he didn’t clearly convey the knowledge, passion, or eloquence that many of us know that he possesses. Barring a tremendous comeback (see Reagan in 1984) there seems to be a marginal chance that he will make it to the stretch run. I still support his campaign but I am also a realist. Besides, maybe he can be more effective as a cabinet member and run again in the future.

The other candidates didn’t really stand out, at least for any good reason, to me with many of their words falling into the category of generality throughout the debate. However, at least there were the performances of note, Fiorina and Rubio, and hard hits, Trump, which will hopefully realign the field in the coming weeks and months. It would also be nice to have a smaller field moving forward as having a crowded field is not helping anyone.  

Which One Is The “Old White Men’s Club”?

Here is a screen shot of the potential GOP candidates for 2016
(not all have announced or formed committees).

It is interesting to read the news with the media still labeling the Republican Party as the “old white men’s club” rather than using descriptors that are based on principles. While I will discuss the latter of the two dilemmas later in the post, let’s first take a look at the slander that is still being bandied about. Here is the current list of those who are running for President in 2016 (this includes those who have announced and those who have formed exploratory committees):

Democrats:

Former Governor of Rhode Island Lincoln Chafee: White, Male, 62

Former US Secretary of State Hillary Clinton: White, Female, 67

US Senator from Vermont Bernie Sanders: White, Male, 73

Former US Senator from Virginia Jim Webb: White, Male, 69

Summary: 4 candidates; 3 men, 1 woman; all white; average age of 67.75.

Republicans:

Dr. Ben Carson: Black, Male, 63

US Senator from Texas Ted Cruz: Hispanic, Male, 44

Former IRS Commissioner Mark Everson: White, Male, 60

Businesswoman Carly Fiorina: White, Female, 60

Former Arkansas Governor Mike Huckabee: White, Male, 59

US Senator from Kentucky Rand Paul: White, Male, 52

US Senator from Florida Marco Rubio: Hispanic, Male, 43

Summary: 7 candidates; 6 men, 1 woman; 4 white, 2 Hispanic, 1 black; average age of 54.43.

While there is no denying that politics on both sides are still dominated by men, the other characteristics of the candidates paint a much different picture than those on MSNBC would have you believe. Diversity is nearly nonexistent among the Democrats while nearly half of the Republican candidates are ‘minorities’. Additionally, the average age of the Republican candidates is over 13 years younger than those of their counterparts on the Democratic side. So, tell me again, which one is the “old white men’s club”?

However, let’s step back and look beyond the demographics of the candidates. Would you rather support a party that prides itself on limiting the rights of the people to support and defend themselves or would you rather vote for someone who will maintain the rights of every citizen of this country to be self-sufficient, hardworking, and accountable for their own actions? Would you rather have the government make choices for you or would you prefer to have the freedom to choose what is best for yourself and your family? Would you rather have the power reside in the individual states and the people therein or in a large, centralized, government dictating policies and handing down executive orders?

Consider your responses to those questions carefully. I have had to answer those questions for myself which is why I continue to support the party of the people, the party which continues to fight to preserve my rights, the Republican Party. This is also why, when considering the changes that need to be pursued and the decisions that have to be made moving forward, that I am supporting Rand Paul for President in 2016 (still up in the air as to running mate but I am currently leaning toward Marco Rubio). I have made my decision, who are you going to support?