HUFFPOST HILL – Jeepers! Issues Bought Heated As we speak!

A furious John Boehner insisted President Obama “would not give a damn” about common people and Harry Reid sarcastically referred to Grover Norquist as “an actual dandy,” strongly implying that 1950s-type verbal confrontations are all the rage on the Hill. The ratio of Republicans who publicly believe that Hillary Clinton’s aide is trying to undermine the American approach of life from inside the State Department versus those that suppose that’s bunk stands at 5:1. And Rob Portman strongly brushed apart VP rumors, either as a result of that’s the proper thing to do or because it kinda sucks being thought of because the man 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 firm may’ve shut down the plant that employed a sizable quantity of individuals in your idyllic little city, but the previous Massachusetts governor could have saved an FX trader from Credit score Suisse just sufficient to send his kids to Ibiza… and allow them to stay in separate rooms. So there. Zach Carter: “Throughout an interview with the Nationwide Review’s Robert Costa, Romney said that offshore sub-firms within the Cayman Islands help foreign traders avoid paying taxes on investments in the United States. Bain Capital presently has 138 such sub-companies headquartered within the Cayman Islands. ‘The so-referred to as offshore account within the Cayman Islands, for example, is an account established by a U.S. firm to permit international buyers to invest in U.S. enterprises and never be subject to taxes outdoors of their own jurisdiction,’ Romney mentioned. “So in lots of instances, the investments in one thing of that nature are brought back into the United States. The world of finance isn’t so simple as some would have you believe. Sometimes a foreign entity is formed to permit international investors to speculate within the United States, which can well be the case with the entities that Democrats are describing as foreign accounts.'” [HuffPost]

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

Regulation OF THE SEA TREATY A VERITABLE MAELSTROM – Ba-dum-tish. Operating in tomorrow’s Roll Call From Janie Lorber and Humberto Sanchez: “Lobbyists from the U.S. Chamber of Commerce and the National Association of Manufacturers had what in any other year would have been the key elements for passage — a hefty listing of supporters on each sides of the aisle and a cadre of outdoors players together with odd bedfellows just like the American Petroleum Institute and environmental teams. However months of aggressive lobbying — together with private appeals to Senate Overseas Relations Chairman John Kerry (D-Mass.) from Chamber president and CEO Thomas Donohue — could not counter political imperatives for Republican Sens. Kelly Ayotte of recent Hampshire, Rob Portman of Ohio, two Romney surrogates stated to be on his vice presidential quick list. Earlier this week, the two Senators together with GOP Sens. Mike Johanns of Nebraska and Johnny Isakson of Georgia added their names to the listing of lawmakers publicly opposing the 30-yr previous agreement, pushing the entire to 34 – the precise number opponents needed to sink the treaty on the Senate flooring. Treaties need an affirmative two-thirds majority for ratification. Since January, business groups, the oil and gas industry — another traditionally Republican interest — 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 steering for laying of thousands of miles of underwater cables that transmit Web traffic.”

WEAPONS MAKERS Back TAX HIKES – Josh Hersh: “Executives for among the leading protection industry companies told Congress on Wednesday that tax hikes needs to be among the cures thought-about so as to stop steep cuts to their budgets. The remarks came throughout a tense hearing of the Home Armed Services Committee to debate a looming deadline that might see protection funding slashed by $500 billion if legislators can’t discover a technique to steadiness the price range. The protection industry has lobbied onerous to forestall the computerized cuts, known as sequestration, nevertheless it has provided little by way of options. At the listening to, Democratic lawmakers pressed executives on simply what, exactly, they imagine Congress ought to do to avoid the cuts.” [HuffPost]

JOHN, I Provides you with DC ABORTION, PT. 39,223,471 – Laura Bassett: “Republicans in the Home Judiciary Committee superior a invoice on Wednesday that bans abortions after 20 weeks of gestation within the District of Columbia without exceptions for rape, incest or well being of the mom. Rep. Trent Franks (R-Ariz.), the sponsor of the invoice, mentioned the 20-week ban is based on medical proof that fetuses can really feel pain at that time. ‘This is a invoice to guard youngsters from being torturously dismembered whereas they are absolutely able to feeling ache,’ he advised his colleagues during a mark-up of the bill on Wednesday.The American College of Gynecologists and Obstetricians, when asked about the fetal ache subject, mentioned in a press release that it ‘knows of no legitimate scientific data that supports the assertion that a fetus feels ache.’ Democrats on the Judiciary Committee unanimously opposed the invoice, not only as a result of it challenges the 1973 Roe v. Wade choice that protects abortions until the fetus is viable exterior the womb, but additionally because it singles out D.C. women and lacks an exception for circumstances during which a girl’s well being is jeopardized by her pregnancy.” [HuffPost]

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

Daily DELANEY DOWNER – President Obama took a query on the campaign trail Monday from just a little boy who asked if his father, an unemployed construction worker, would discover a job before his unemployment insurance runs out. The president responded that he hoped the boy’s father would find work, however that if he would not, he hoped the unemployment benefits would nonetheless be there. “Now, we tried to increase unemployment insurance beyond regular proper after the recession hit. We were in a position to increase it once more in 2010. It’s been tougher now to get Congress to increase it additional,” Obama mentioned. “And so we’ll continue to negotiate with Congress to be sure that unemployment is there. But a very powerful thing I need to do is be sure your dad can get a job.” Two million people will probably be minimize off from advantages when federal unemployment insurance coverage expires the week between Christmas and New Year’s Day, however Congress will not be ready to fret about it. The Huffington Submit asked lawmakers on Tuesday if preserving unemployment insurance coverage in 2013 is on their radar. “No, it isn’t,” Sen. Max Baucus (D-Mont.), chairman of Senate committee that oversees unemployment insurance, said as he boarded a Senate elevator. “I haven’t heard any dialogue about what we are able to do there,” stated Sen. Jeff Classes (R-Ala.), who has made numerous noise recently about safety web programs like meals stamps and Social Security Disability Insurance. “I have not given thought to what exactly we must do, whether or not it is phasing down or what precisely we ought to do, whether it’s phasing down or what.” [HuffPost]

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Harry Reid this morning urged that the Senate put off the movement to proceed. Ceramic cross The proposal came throughout a heated 40-minute trade with Mitch McConnell in which the Democratic leader accused his Republican counterparts of obstructionism and the Republican chief accused Reid of extremism. The whole thing ended with a reference to Grover Norquist, who Reid speculated “must be an actual dandy.”

Talking of partisan rancor, you knew John Boehner was furious today as a result of he broke out a couple of PG-13 swears. Jen Bendery: “President Barack Obama is too busy attacking Mitt Romney to care about middle-class People, Home Speaker John Boehner (R-Ohio) charged Wednesday. Obama ‘doesn’t give a damn about center-class Americans who’re out there in search of work,’ Boehner informed Capitol Hill reporters. ‘What he’s attempting to do is distract the American folks with the intention to win his own reelection.'” He additionally mentioned “hell” ::puts hand to agape mouth::. [HuffPost]

Client Monetary Safety BUREAU Will get FIRST SCALP – The buyer Monetary Safety Bureau announced its first enforcement motion Wednesday morning, concentrating on Capital One for deceptive marketing techniques. Roughly two million Capital One customers will receive a full refund, the company said, at a cost of $140 million to the financial institution. Beneath the settlement, Capital One is also required to pay $25 million to the CFPB. Shoppers due refunds want take no additional action. If they’re still Capital One customers, the money might be credited to their accounts. If they don’t seem to be, a test will be sent their means. Capital One was charged by the CFPB with tricking prospects into shopping for add-on merchandise, equivalent to credit monitoring, generally by telling them there was no cost and different occasions by insisting the acquisition was obligatory or in any other case lying about the product. [HuffPost]

House GOP Needs TO AVERT SHUTDOWN Disaster – Because we’re a country that enjoys roller coasters and the KFC Doubledown, every few months we prefer to flirt with a near-whole shutdown of our federal government. Nevertheless as a result of that is an election yr, we have put our nationwide deathwish on hold and Republicans are adjusting accordingly. Politico: “In early September, House Republican leaders want to move a 3-month momentary funding measure that sticks to last year’s debt-restrict settlement, based on aides involved with the planning. However that would spark a struggle with some House and Senate conservatives who yearn for the decrease funding numbers in Rep. Paul Ryan’s funds… However whereas higher spending ranges might irk conservatives who are itching for a funding fight, it is aimed toward comforting Republicans in both chambers who see political peril in drawing consideration away from the economic system with a battle that might shut down the government. They’d like for the struggle to end quietly this 12 months within the hopes a Republican sweep in November would allow them to freely rewrite spending payments in early 2013.” [Politico]

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

REPORT: CHRIS CHRISTIE TO Ship KEYNOTE Tackle AT REPUBLICAN CONVENTION – We’re guessing the governor would favor to make use of the platform to rattle off an inventory of people he thinks are enormous putzes (My fellow Americans… Pat Riley, Ed Schultz, Joe on the sandwich shop on Hamilton Ave…) so his handlers have their work lower out for them trying to persuade him to incorporate stirring calls for unity and the like. NBC News: “The number of Christie, though, would seem to counsel that Christie is unlikely the selection by Mitt Romney to serve because the GOP’s vice presidential nominee. Usually, the keynote speaker is separate from the vice presidential nominee, who, just like the presidential nominee, speaks on separate nights.” [NBC News]

Or not? “Neither the Romney marketing campaign nor the Republican Nationwide Committee would verify those studies. Sources with the marketing campaign say Romney isn’t prepared to announce any audio system yet. The new Jersey State GOP Committee mentioned they knew nothing about it. [WaPo]

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