Saturday, October 13, 2012

Eye Recommend --- What Lurks in Romney's Still-Unreleased Tax Returns?

WHAT LURKS IN ROMNEY'S STILL-UNRELEASED TAX RETURNS?, by Douglas Stumpf -- http://www.cleveland.com/opinion/index.ssf/2012/10/what_lurks_in_romneys_still-un.html

This editorial was published in the Cleveland Plain Dealer, normally a fairly conservative newspaper. It speaks to an issue I raised in a post back in July when I wrote about Romney wanting to run this country without having to pay for its maintenance. The underlines are mine.

"(Mr. Romney's) 2011 return has 267 pages devoted to offshore corporations and partnerships...Frankly, there is nothing shocking or wrong about rich people making foreign investments. Their first priority is to make more money, no matter where. But that's why giving them huge tax breaks and gaping loopholes on the theory they will invest all the money saved back in America doesn't make sense. They might invest in America, but just as often they might put their money, as Romney has, in Chinese oil companies... Ann Romney played the victim card, going on TV to claim the "more we release, the more we get attacked." Let's just point out that Obama released 12 years of his returns. But, as Ann Romney surely knows, hers and 'her husband's are not garden-variety returns. Bermuda shell corporations, Swiss bank accounts, investments in 30 offshore corporations and partnerships in tax havens -- and this in just the two Romney returns prettified for public consumption -- raise important questions about Mitt Romney's commitment to America. They will be answered only if he comes clean with the rest of his returns."

No comments:

Post a Comment