August 1st, 2012
08:34 PM ET

U.S. expands role in Syria with covert support for rebels

CNN has learned that President Barack Obama has authorized covert U.S. support for Syrian rebels.

CNN's Elise Labott reports.


Filed under: Breaking News • International • Syria
August 1st, 2012
08:27 PM ET

Ganim: Sandusky sex abuse scandal may cost Penn State over $100M

Penn State university faces millions in costs and damages as a result of the Jerry Sandusky scandal - including $60 million in NCAA penalties, more than $10 million in investigative and public relations costs, and potentially millions more in damages for victims of Sandusky.

The school recently issued a statement saying it won't use philanthropic money, taxes or student tuition to pay those penalties, but does that promise add up?

CNN Contributor Sara Ganim is OutFront tonight.

Filed under: Crime • News
August 1st, 2012
08:10 PM ET

Who will rescue the U.S. economy if the Fed says no stimulus? Congress?

CNN's Erin Burnett talks to Senator Pat Toomey  (R-PA) about what Congress is doing to avoid the fiscal cliff. Members of Congress are devoting most of their time voting on extending Bush-era tax cuts that will not go anywhere in either house of the federal government.

The Federal Reserve announced Wednesday that it will stick to its current polices - no new stimulus. So, as America braces for $1.2 trillion in across the board cuts, what will Congress do to avoid the fiscal cliff?

OutFront tonight: Senator Pat Toomey (R-PA)


Filed under: Economy • Politics
August 1st, 2012
08:02 PM ET

Amtrak's "Ride with Pride": A govt. subsidized company hopes same-sex sells

On the same day Chick-fil-A witnessed hundreds of thousands customers show their support for its president's stance on same-sex marriage, Amtrak released Wednesday its new ad campaign, "Ride with Pride." The ads are geared towards the Gay and Lesbian community, depicting same-sex couples with children riding on an Amtrak train.

Amtrak's diversity strategy:

At Amtrak, diversity is not just a corporate buzzword, it's a priority. It's vital and it's a commitment we make to our customers, our suppliers, our employees, and the communities we serve. We understand that valuing diversity is not only a good thing to do, but a business necessity beyond compliance that plays a vital role in customer service delivery and ultimately the success of our operations. Simply put, our business diversity philosophy means commitment to ensuring our company embraces a culture of respect and appreciation for differences and similarities of all people.

Amtrak is a government subsidized company that has already received 1.4 billion dollars this year. So is Amtrak using your tax dollars to push what some may argue is a social issue... same-sex relationships and families?


Filed under: News
August 1st, 2012
07:37 PM ET

Study: Romney tax plan hurts the poor; Does it add up?

The Urban-Brookings Tax Policy Center recently reported that Mitt Romney’s tax plan will raise taxes on 95% of America. But Romney has promised a 20% tax cut to everyone. Whose math adds up?

“It’s sort of like an Olympic boxing match today the Romney camp threw a punch fast and early, pointing out that one of the authors was a former aide to president Obama,” reports CNN’s Erin Burnett.

However, one of the other authors on the report was a former aide to George H.W. Bush, and the third author worked for both Bush and Obama.

The report says that if Mitt Romney’s plan becomes a reality, tax revenue because he’s going to be cutting marginal tax rates will drop by $360 billion in the first year alone. That means someone must pay $360 billion more if it’s “revenue neutral,” which is something Romney promised in February.

Romney’s economic advisor Columbia business school’s Dean Glenn Hubbard tells OutFront that the money will come from an economy that grows more quickly than it would under Barack Obama- specifically 4% a year under Mitt Romney, something it hasn’t done 2000. The tax policy center says it is not possible.

New York University’s Professor of Taxation Daniel Shaviro said, “There really is no conceivable way that GDP growth can make a significant short-term difference to the study’s finding.”

The bottom line? More details from Romney are a must.

Burnett also discussed Romney's tax plan with Stephen Moore of Wall St. Journal Editorial Board and Matt Bennett of the Third Way:

Romney's tax plan lack specifics?


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