The Center for American Progress gives a good example of why people like casino magnate Sheldon Adelson are willing to throw so much money at Republican candidates.
Adelson says he plans to spend $100 million to get Mitt Romney elected. That’s on top of the money he spent on Newt Gingrich, and doesn’t count the $36 million he has contributed to various Republican Super PACs. That’s an astounding amount of money. It was just a few years ago when the maximum you could contribute to a political candidate was under $2500.
So what will Adelson get in return for his “investment”? If Romney does the things he says he will do, Adelson stands to reap more than $2 billion dollars in reduced taxes over the next four years alone. That’s a 20 times return on investment!
In addition, Romney says he will eliminate the estate tax, which would provide a staggering $8.9 billion windfall to his heirs when he dies.
Who would pay for this? The 95% of Americans who would get hit with a tax increase from the Romney tax plan. Not to mention all of us, since a dramatic cut would be required in government services to pay for Romney’s tax cuts for the wealthy.
