CNN's GUT CHECK | for July 9, 2012 | 5 p.m.
– n. a pause to assess the state, progress or condition of the political news cycle
BREAKING: OBAMA DISCOURAGES ‘TOP DOWN ECONOMICS,’: “We need policies that grow and strengthen the middle class. Policies that help create jobs, that make education and training more affordable, that encourage businesses to start up and create jobs right here in the United States so that's why I believe it's time to let the tax cuts for the wealthiest Americans, folks like myself, to expire.”
THE ROMNEY CAMPAIGN RESPONDS IN WRITING TO THE PRESIDENT’S REMARKS BEFORE THE EVENT STARTS: “President Obama's announcement this morning will mean a tax increase for millions of families, job creators and small businesses. … Gov. Romney knows that job-killing tax increases will hurt our troubled economy even further, and he has a plan to lower the rates and broaden the base without increasing the deficit to encourage investment and job creation.”
Washington (CNN)- Chris Christie said Monday that many times politics comes before people and that can keep government from reaching effective long-term solutions.
"We have too many elected officials who are obsessed with re-election and that they're willing to do anything to keep their job," Christie said. "That's not the kind of person you want in an executive position, or any position for that matter, but certainly in an executive position right now, given the challenges that our country faces." FULL POST
(CNN) – After 13 days of vote counting and election wrangling, the New York state senator who challenged longtime New York Rep. Charles Rangel for his U.S. House seat conceded the race at a Monday press conference.
State senator Adriano Espaillat announced he would drop his challenge and lawsuit, which had election workers in the 13th Congressional District continuing to count ballots from the June 26 Democratic primary.
NEW YORK (CNNMoney) - President Obama and Republicans battled Monday over a familiar dividing line: the Bush tax cuts.
While they disagree over taxing the rich, both support extending the Bush tax cuts for the middle class for one year.
(CNN) – Maine Gov. Paul LePage apologized Monday for referring to the Internal Revenue Service as the "Gestapo" in his weekly radio address over the weekend.
"It was not my intent to insult anyone, especially the Jewish Community, or minimize the fact that millions of people were murdered," the Republican governor said in a statement.
(CNN) – Texas Gov. Rick Perry announced Monday the Lone Star State will not execute major parts of the Affordable Care Act, the controversial federal health care law recently upheld by the Supreme Court.
"I will not be party to socializing healthcare and bankrupting my state in direct contradiction to our Constitution and our founding principles of limited government," the Republican governor said in a statement.
Washington (CNN) - President Barack Obama revitalized his push for holding down middle class tax rates Monday, calling on Congress to pass a one-year extension of the Bush-era tax cuts for people earning less than $250,000 a year.
In a White House statement delivered while people described as working Americans stood behind him, Obama said his proposal would provide the certainty of no tax increase next year for 98% of Americans.
(CNN) – Democratic Senate hopeful Elizabeth Warren raised more than $8.6 million in the last three months, her campaign announced Monday.
The second quarter figure surpassed her first quarter amount of $6.9 million. She now has $13.5 million cash on hand, according to the campaign.
(CNN) – Responding to the president's expected call to extend the Bush-era tax cuts for those earning less than $250,000, Mitt Romney's campaign pointed to the implied tax hike for those making more than the stated threshold.
"President Obama's announcement this morning will mean a tax increase for millions of families, job creators, and small businesses," Romney spokeswoman Andrea Saul said in a statement.
(CNN) – President Barack Obama's re-election campaign announced Monday that it, along with the Democratic National Committee, raised $71 million in June from more than 706,000 donors.
The amount lags far behind the $106 million Mitt Romney and the Republican National Committee raised last month, a number the campaign made official early Monday.