Linda McMahon, the former CEO of WWE, has spent $42.6 in her current run for U.S. Senate, making her total investment in two runs for the office nearly $100 million.
McMahon spent $49.5 million in her failed bid for Senate in 2010.
New campaign finance reports show McMahon lent her campaign another $3.3 million this week.
McMahon, a Republican, is running against Democratic U.S. Rep. Chris Murphy for the open seat. A recent Quinnipiac University poll shows Murphy leading by 6 percentage points, though McMahon’s campaign said its internal polls show that the race is much closer.
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6 Responses to McMahon’s Total Spending Closes In On $100 Million Over Two Cycles
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A real fiscal conservative!?!!
Fiscal conservatism relates to Government’s spending of money that was involuntarily taken from those who earned it through their work, not personal spending.
How much of that 100 million is from the 10 million that the government gave the WWE?
The government did not give WWE $10 million. That is a common misconception held by liberals who have no concept of how the tax credits work. It’s not your fault though. Liberal politicians and their supporters ram this lie down your throat, and if you don’t have any reason to know the truth, you just believe the lie.
WWE’s tax credit reduced WWE’s tax burden. WWE paid taxes above and beyond the credit. This does not work like the refundable tax credits given to the poor, where the government pays them to exist while they pay no taxes.
In order to believe WWE was “given” $10 million, you would have to believe all money belongs to the government. It does not.
“WWE received $9.8 million in credits for production work through the program in 2009; $7.2 million in 2010; $7.3 million in 2011; $7.5 million so far this year; and $5 million for digital upgrades in 2010, according to state data supplied at The Courant’s request.”
The numbers above add up to $36.8 million total tax credits received by WWE.
“Those tax credits exceed WWE’s state earnings tax liability, said George Barrios, the WWE chief financial officer, who also supplied the figures. That means WWE is in the business of selling state tax credits at a profit.”
The company that buys a tax credit uses it to reduce their taxes by that exact amount. They would be foolish to buy a credit they don’t intend to use. This reduces the taxes received by the state treasury by the amount of the credit thus sold.
http://www.courant.com/business/hc-haar-wwe-tax-credits-20121019,0,1452243.column
There is a reason that in many European Societies,
Americans are considered Vulgar Barbarians.
I think that Linda McMahon is much better off
deciding who will rub their face in Rikkishi`s Butt Crack, than managing federal policy from the floor of The United States Senate.
Raise a Glass for a Champipple Toast !
” You can vote for Barack Obama And Linda McMahon ”
A picture begins to emerge :
Linda McMahon is nothing more than an old Carnival Barker.
She will say anything to get people to play her game.
The prizes offered … Chrome plated plastic trinkets.
Come on people! This isn`t even funny!
I don’t want to live in the state known for putting
Linda McMahon on the floor of The U.S. Senate ! !
She clearly illustrates having nothing intellectually to offer Connecticut in terms of a United States Senator. This is nothing but an empty facade; Behind Linda McMahon’s eyes exsists a vast void. Personally, I don’t think she has the capacity for the level of intelligence, or thought to perform as a United States Senator ; And I think her level of abstract thought and reasoning belongs on children`s television, Saturday Mornings.
Rod Serling steps out from around the corner, And offers a Narrative :
” Submitted for your approval: Linda McMahon,
Roller Derby Queen, or United States Senator?
You decide your reality, when you cast your vote in The Twighlight Zone “
One day Linda McMahon is designing the next gimmick and theme of the next TV Wrestler; And the next day she`s discussing defense contracts and budget issues with The Department of Defense ? ! ? ! This is a sick and perverse dream ! Too Much Cotton Candy at The Carnival Children ! Come On ! ! !
You can put lipstick on an old Carnival Barker, and what have you got? An old carnival barker wearing lipstick !
Is this the best the Republican Party can put forth in Connecticut ?
Linda McMahon ? ! ? !
What do the old Republican Stalwarts think of this ?
Don’t show up to a gun-fight with a clown !