For almost 30 years, Patrick has counseled workers and businesses in solving tax problems. This problem solving involves US Tax Court practice, devising payment plans, and negotiating settlements with the government. He advises clients on tax planning and return preparation. When bankruptcy is the right option, Patrick represents his customers in Federal Court.
This attack ad attempts to connect the dots: Rep. Tom Cotton made a fortune working for insurance companies, the story goes, and so he would happily do their bidding as Republicans dismantle Medicare. The ad even helpfully provides an image of connected dots.
The problem is that these dots are phony. The core of the ad is that Cotton worked for insurance companies. Cotton worked as a management consultant for McKinsey & Co., flitting from one industry to another; [the closest he came to insurance was] an assignment working for the Federal Housing Authority, to improve its service in providing insurance to lenders who finance apartment buildings.
As for Cotton's pay, he earned $85,000 from McKinsey in 2011. We will leave it to readers to decide if that means he was paid "handsomely."
Lincoln, however, said that extending the tax cuts for the wealthy should only be done if it can be paid for. "The ultrawealthy, I do not think should receive that tax cut unless it is paid for in a responsible way, and that's an important thing we have Boozman said he supports extending all of the tax cuts and said that not extending them for the higher income taxpayers would hurt small business owners. "The last thing we need to do in this economy is raise expenses on small businesses, especially on small businesses that are making money," Boozman said. "That makes no sense at all."
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