HUFFPOST HILL – Jeepers! Issues Got Heated At the moment!

A furious John Boehner insisted President Obama “would not give a rattling” about common folks and Harry Reid sarcastically referred to Grover Norquist as “an actual dandy,” strongly implying that 1950s-model verbal confrontations are all the craze on the Hill. The ratio of Republicans who publicly imagine that Hillary Clinton’s aide is attempting to undermine the American method of life from contained in the State Department versus those that suppose that’s bunk stands at 5:1. And Rob Portman strongly brushed aside VP rumors, either as a result of that is the right thing to do or because it kinda sucks being considered because the guy who can make Mitt Romney appear interesting by comparability. This is HUFFPOST HILL for Wednesday, July 18th, 2012:

ROMNEY PROUDLY Helping FOREIGNERS WITH THEIR AMERICAN TAX Problems – Yeah, his agency would possibly’ve shut down the plant that employed a sizable number of people in your idyllic little city, however the previous Massachusetts governor may have saved an FX trader from Credit score Suisse simply sufficient to send his kids to Ibiza… and allow them to keep in separate rooms. So there. Zach Carter: “Throughout an interview with the Nationwide Overview’s Robert Costa, Romney mentioned that offshore sub-firms within the Cayman Islands help foreign buyers avoid paying taxes on investments within the United States. Bain Capital presently has 138 such sub-companies headquartered within the Cayman Petroleum Refining Process Equipment Islands. ‘The so-known as offshore account in the Cayman Islands, for example, is an account established by a U.S. firm to allow foreign traders to spend money on U.S. enterprises and never be subject to taxes outdoors of their own jurisdiction,’ Romney said. “So in many instances, the investments in something of that nature are brought again into the United States. The world of finance will not be so simple as some would have you believe. Typically a international entity is formed to permit foreign traders to take a position in the United States, which can effectively be the case with the entities that Democrats are describing as international accounts.'” [HuffPost]

DEM Bill WOULD SMOKE OUT ROMNEY TAX RETURNS – Alex Becker: “Democrats in the U.S. Home of Representatives plan to introduce laws that may require presumptive Republican presidential nominee Mitt Romney to release 10 years of tax returns, along with other personal monetary info. The laws, which might be launched by Rep. Sander Levin (D-Mich.), is particularly aimed toward presidential candidates with complicated and secretive financial holdings — very similar to the previous governor of Massachusetts. It might require candidates to disclose data ‘not at the moment included on disclosures and not simply discernible from tax returns,’ and would assist ‘provide a fuller image of a candidate’s financial holdings and interests,’ in line with a press release Wednesday from the House Methods and Means Committee. ‘The stunning lack of transparency from someone in pursuit of the best office within the nation highlights the necessity to change the regulation to require fuller disclosure,’ Levin stated.” [HuffPost]

Law OF THE SEA TREATY A VERITABLE MAELSTROM – Ba-dum-tish. Running in tomorrow’s Roll Name From Janie Lorber and Humberto Sanchez: “Lobbyists from the U.S. Chamber of Commerce and the National Affiliation of Manufacturers had what in any other year would have been the key components for passage — a hefty list of supporters on each sides of the aisle and a cadre of outdoors gamers together with odd bedfellows just like the American Petroleum Institute and environmental teams. However months of aggressive lobbying — together with private appeals to Senate Foreign Relations Chairman John Kerry (D-Mass.) from Chamber president and CEO Thomas Donohue — could not counter political imperatives for Republican Sens. Kelly Ayotte of latest Hampshire, Rob Portman of Ohio, two Romney surrogates mentioned to be on his vice presidential quick listing. Earlier this week, the 2 Senators together with GOP Sens. Mike Johanns of Nebraska and Johnny Isakson of Georgia added their names to the list of lawmakers publicly opposing the 30-12 months outdated agreement, pushing the overall to 34 – the exact number opponents needed to sink the treaty on the Senate ground. Treaties need an affirmative two-thirds majority for ratification. Since January, business groups, the oil and fuel industry — one other traditionally Republican curiosity — and wireless carriers Verizon and AT&T had pushed for the treaty, in hopes of protecting newly accessible territories ripe for deep-sea exploration and offering guidance for laying of 1000’s of miles of underwater cables that transmit Internet site visitors.”

WEAPONS MAKERS Again TAX HIKES – Josh Hersh: “Executives for among the leading protection trade corporations instructed Congress on Wednesday that tax hikes needs to be among the cures considered in order to forestall steep cuts to their budgets. The remarks got here during a tense hearing of the House Armed Companies Committee to discuss a looming deadline that would see protection funding slashed by $500 billion if legislators cannot discover a method to balance the budget. The defense trade has lobbied arduous to forestall the automated cuts, often known as sequestration, but it has supplied little by way of alternate options. At the listening to, Democratic lawmakers pressed executives on simply what, exactly, they believe Congress should do to avoid the cuts.” [HuffPost]

JOHN, I Will give you DC ABORTION, PT. 39,223,471 – Laura Bassett: “Republicans in the House Judiciary Committee superior a invoice on Wednesday that bans abortions after 20 weeks of gestation in the District of Columbia with out exceptions for rape, incest or well being of the mother. Rep. Trent Franks (R-Ariz.), the sponsor of the invoice, mentioned the 20-week ban is predicated on medical proof that fetuses can feel pain at that point. ‘It is a invoice to guard children from being torturously dismembered whereas they’re totally able to feeling pain,’ he told his colleagues throughout a mark-up of the bill on Wednesday.The American School of Gynecologists and Obstetricians, when requested about the fetal ache subject, said in a press release that it ‘is aware of of no respectable scientific information that supports the assertion that a fetus feels ache.’ Democrats on the Judiciary Committee unanimously opposed the invoice, not only because it challenges the 1973 Roe v. Wade determination that protects abortions until the fetus is viable outside the womb, but in addition as a result of it singles out D.C. women and lacks an exception for circumstances through which a lady’s well being is jeopardized by her pregnancy.” [HuffPost]

HuffPost’s Sara Kenigsberg, who ran the DC bureau’s dwell coverage of primary election nights and other beer-drinking festivities, is headed to Ken Lerer’s new video news startup. Our loss is their gain.

Day by day DELANEY DOWNER – President Obama took a query on the campaign path Monday from slightly boy who asked if his father, an unemployed building worker, would discover a job earlier than his unemployment insurance runs out. The president responded that he hoped the boy’s father would discover work, but that if he does not, he hoped the unemployment benefits would nonetheless be there. “Now, we tried to extend unemployment insurance coverage beyond regular right after the recession hit. We had been in a position to increase it once more in 2010. It’s been more durable now to get Congress to extend it additional,” Obama stated. “And so we’ll continue to negotiate with Congress to guantee that unemployment is there. However an important thing I want to do is ensure that your dad can get a job.” Two million individuals will likely be lower off from benefits when federal unemployment insurance coverage expires the week between Christmas and New 12 months’s Day, but Congress is not ready to worry about it. The Huffington Publish requested lawmakers on Tuesday if preserving unemployment insurance coverage in 2013 is on their radar. “No, it’s not,” Sen. Max Baucus (D-Mont.), chairman of Senate committee that oversees unemployment insurance, mentioned as he boarded a Senate elevator. “I haven’t heard any discussion about what we are able to do there,” mentioned Sen. Jeff Classes (R-Ala.), who has made lots of noise lately about safety web programs like food stamps and Social Safety Disability Insurance. “I have not given thought to what precisely we ought to do, whether it is phasing down or what exactly we must do, whether it is phasing down or what.” [HuffPost]

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Harry Reid this morning suggested that the Senate put off the motion to proceed. The proposal came throughout a heated forty-minute change with Mitch McConnell during which the Democratic leader accused his Republican counterparts of obstructionism and the Republican leader accused Reid of extremism. The whole thing ended with a reference to Grover Norquist, who Reid speculated “must be an actual dandy.”

Speaking of partisan rancor, you knew John Boehner was furious right now as a result of he broke out a couple of PG-thirteen swears. Jen Bendery: “President Barack Obama is just too busy attacking Mitt Romney to care about middle-class Individuals, Home Speaker John Boehner (R-Ohio) charged Wednesday. Obama ‘does not give a rattling about center-class People who’re out there searching for work,’ Boehner advised Capitol Hill reporters. ‘What he’s making an attempt to do is distract the American individuals in order to win his personal reelection.'” He additionally mentioned “hell” ::places hand to agape mouth::. [HuffPost]

Shopper Financial Protection BUREAU Will get FIRST SCALP – The patron Monetary Protection Bureau introduced its first enforcement motion Wednesday morning, concentrating on Capital One for misleading marketing tactics. Roughly two million Capital One customers will obtain a full refund, the agency mentioned, at a value of $140 million to the financial establishment. Beneath the settlement, Capital One can also be required to pay $25 million to the CFPB. Shoppers due refunds need take no additional action. If they’re still Capital One customers, the cash might be credited to their accounts. If they’re not, a check will probably be despatched their means. Capital One was charged by the CFPB with tricking clients into shopping for add-on merchandise, such as credit monitoring, typically by telling them there was no price and different occasions by insisting the purchase was mandatory or in any other case lying about the product. [HuffPost]

Home GOP Wants TO AVERT SHUTDOWN Crisis – As a result of we’re a country that enjoys roller coasters and the KFC Doubledown, each few months we like to flirt with a close to-total shutdown of our federal government. Nevertheless because this is an election yr, we’ve put our national deathwish on hold and Republicans are adjusting accordingly. Politico: “In early September, House Republican leaders want to cross a three-month momentary funding measure that sticks to last year’s debt-limit agreement, according to aides involved with the planning. But that could spark a battle with some Home and Senate conservatives who yearn for the decrease funding numbers in Rep. Paul Ryan’s funds… However whereas greater spending levels may irk conservatives who’re itching for a funding struggle, it’s geared toward comforting Republicans in each chambers who see political peril in drawing attention away from the economy with a battle that would shut down the government. They’d like for the fight to end quietly this 12 months within the hopes a Republican sweep in November would permit them to freely rewrite spending payments in early 2013.” [Politico]

Romney hasn’t totally launched his returns from 2010, the one year he disclosed a few of them. Romney released his 2010 tax return in January of this yr, a document that first knowledgeable voters concerning the existence of his Swiss bank account and monetary activities in Bermuda and the Cayman Islands. But individuals who personal international financial institution accounts are required to file a separate doc with the IRS that gives extra particulars on such overseas financial institution holdings, and Romney has not launched that form to the general public. [With Carter]

REPORT: CHRIS CHRISTIE TO Deliver KEYNOTE Deal with AT REPUBLICAN CONVENTION – We’re guessing the governor would favor to use the platform to rattle off a list of people he thinks are huge putzes (My fellow People… Pat Riley, Ed Schultz, Joe at the sandwich shop on Hamilton Ave…) so his handlers have their work reduce out for them making an attempt to persuade him to include stirring requires unity and the like. NBC Information: “The number of Christie, although, would seem to counsel that Christie is not likely the selection by Mitt Romney to serve because the GOP’s vice presidential nominee. Typically, the keynote speaker is separate from the vice presidential nominee, who, just like the presidential nominee, speaks on separate nights.” [NBC Information]

Or not? “Neither the Romney marketing campaign nor the Republican Nationwide Committee would affirm those reviews. Sources with the marketing campaign say Romney is not prepared to announce any audio system but. The brand new Jersey State GOP Committee said they knew nothing about it. [WaPo]

ROB PORTMAN SAYS Words That are not ‘I cannot BE MITT ROMNEY’S VICE PRESIDENT’ – And but right here we’re telling you about it! “”It is perhaps even truer. No look