Tuesday, June 18 2013 8:13 PM EDT2013-06-19 00:13:36 GMT
PAHRUMP, Nev. -- A fight between senators in Washington, D.C., could resurrect the controversial Yucca Mountain nuclear storage project in Nye County. Nye County leaders met Tuesday to support the openingMore>>
A fight between senators in Washington, D.C., could resurrect the controversial Yucca Mountain nuclear storage project in Nye County.More>>
Wednesday, June 19 2013 1:22 AM EDT2013-06-19 05:22:23 GMT
LAS VEGAS -- US Thrill Rides LLC Incorporated has submitted plans to the FAA to create a 650-foot roller coaster near the Tropicana Hotel. The Florida based company is remaining tight lipped on any ofMore>>
US Thrill Rides LLC Incorporated has submitted plans to the FAA to create a 650-foot roller coaster near the Tropicana Hotel.More>>
Tuesday, June 18 2013 10:49 PM EDT2013-06-19 02:49:28 GMT
LAS VEGAS -- Clark County Fire Department is battling a fire at a house near Russell Road and Spencer Street. According to the fire department's website, the fire started at around 4:30 p.m. Tuesday.More>>
A grass fire ignited a house in the 5400 block of Escondido Street, near Russell Road and Spencer Street, Tuesday afternoon.More>>
Tuesday, June 18 2013 9:50 PM EDT2013-06-19 01:50:28 GMT
LAS VEGAS -- A Las Vegas Metropolitan Police officer has been relieved of duty after pleading guilty to charges of possession of a controlled substance. Officer Ramin Amely was charged with two felonyMore>>
A Las Vegas Metropolitan Police officer has been relieved of duty after pleading guilty to charges of possession of a controlled substance.More>>
Tuesday, June 18 2013 7:14 PM EDT2013-06-18 23:14:30 GMT
LAS VEGAS -- Three major resort projects in Las Vegas could be the boost the local economy needs. The construction and hospitality industries have struggled since the recession, but signs of a reboundMore>>
Three major resort projects in Las Vegas could be the boost the local economy needs. The construction and hospitality industries have struggled since the recession, but signs of a rebound are emerging.More>>
Tuesday, June 18 2013 7:08 PM EDT2013-06-18 23:08:21 GMT
LAS VEGAS -- Clark County residents could soon be paying nearly 3 cents more a gallon for fuel, depending on a decision by county commissioners. The Nevada Legislature recently approved a bill that allowsMore>>
Clark County residents could soon be paying nearly 3 cents more a gallon for fuel, depending on a decision by county commissioners.More>>
Tuesday, June 18 2013 6:18 PM EDT2013-06-18 22:18:45 GMT
LAS VEGAS -- A domestic violence nonprofit organization that helps rescue women from violent relationships, is now itself in need of saving. Safe Faith United might have to shut its doors July 1 becauseMore>>
A domestic violence nonprofit organization that helps rescue women from violent relationships, is now itself in need of saving.More>>
Tuesday, June 18 2013 5:26 PM EDT2013-06-18 21:26:50 GMT
HENDERSON -- Imagine tens of thousands of children around the world learning to swim all at the same time. That's what happened Tuesday as part of "The World's Largest Swimming Lesson." The swimmingMore>>
Imagine tens of thousands of children around the world learning to swim all at the same time. That's what happened Tuesday as part of "The World's Largest Swimming Lesson."More>>
Tuesday, June 18 2013 3:33 PM EDT2013-06-18 19:33:34 GMT
LAS VEGAS -- Motorcyclists and local authorities are using "Ride to Work" day to remind everyone to share the road. This year, there has been 16 motorcycle deaths in Nevada. John Cahill is an experiencedMore>>
Motorcyclists and local authorities are using "Ride to Work" day to remind everyone to share the road.More>>
Claim: A new advertisement endorsed by President Barack Obama that is airing on KLAS-TV Channel 8 features a portion of an interview of Republican presidential nominee Mitt Romney by CBS Evening News anchor Scott Pelley. Pelley states: "You made on your investments personally about $20 million last year and you paid 14 percent in federal taxes. That's the capital gains rate. Is that fair to the guy who makes $50,000 who paid a higher rate than you did? So you think it is fair?" Romney: "Yeah, I think it's the right way to encourage economic growth." Narrator: "Lower tax rates for him than us. Is that the way to grow America?"
Verdict: Begins with a fact-based question but winds up misleading viewers because the ad edited Romney's response in a segment that aired Sept. 23 on CBS' "60 Minutes." Romney earned more than $21.6 million in 2010 and paid $3 million in federal taxes for an effective tax rate of 13.9 percent. He also earned nearly $13.7 million in 2011 and paid $1.9 million in federal taxes for an effective tax rate of 14.1 percent. A single person who earned $50,000 in 2011 and claimed only the standard deduction of $5,800 and the single exemption worth $3,700 would have paid $6,256 in federal taxes on $40,500 in adjusted gross income. That would have been an effective tax rate of 15.4 percent.
But after Pelley asked whether it was fair for the guy making $50,000 to pay a higher rate, Romney actually responded: "It is a low rate and one of the reasons why the capital gains tax rate is lower is because capital has already been taxed once at the corporate level, as high as 35 percent." Pelley: "So you think it is fair?" Romney: "Yeah, I think it's the right way to encourage economic growth, to get people to invest, to start businesses, to put people to work." This fuller explanation by Romney provides a different perspective than the one portrayed in the ad.
