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Romney cover-up of his tax returns, offshore tax shelters and outsourcing profits must end

Posted by on Jun. 28, 2012 at 1:38 AM
  • 8 Replies

Now we know more. The Washington Post has exposed even more details about how Mitt Romney's personal wealth reached such great heights in significant measure by making money by destroying American jobs through investments in firms that specialize in these attacks against American jobs. If there is one politician who embodies the destructive values I harshly criticized in my last column, titled "Dictatorship of dollars," it is Mitt Romney.

Mitt Romney's "jobs experience" was not only one of the worst records of any governor in America, Democrat or Republican, creating jobs during the time he served as governor (a record Romney runs and hides from today). Now we learn even more about how Mitt Romney pioneered, and immensely profited from, the exporting of American jobs and the destruction of the American middle class when he was leading Bain Capital.

Mitt Romney should disclose 10 years of his tax returns. He should disclose exactly how much personal wealth he achieved through investments in firms that destroyed American jobs. He should disclose exactly how many offshore accounts he used, in Swiss banks and the Cayman Islands, and any other tricks his highly paid advisers found for Mitt to minimize his taxes, for his profits from destroying American jobs.

The Romney tax return cover-up must end.

The Romney cover-up of his full role destroying American jobs must end.

The Romney cover-up of his job destruction and and his destruction of the American tax base by moving American firms overseas must end.

The Romney cover-up of the damage he did to our good and great nation, by moving our jobs overseas, by moving our companies abroad, by using creative tax shelters in offshore accounts to avoid paying taxes on wealth he achieved by destroying jobs, must end.

The problem is not private equity. There are many private equity firms that do great good investing in America. The problem is not Mitt Romney's wealth. There are many men and women of great means who do great good for our country, and our workers, in ways Mitt Romney never dreamed of doing.

A young Mitt Romney can get away with bullying and beating up a boy while Mitt needed five buddies to hold the boy down while Mitt beat him up.

But America will not allow Mitt Romney to bully our workers and destroy their jobs and harm our economy and call it jobs experience worthy of the presidency.

All of the money in Karl Rove's PAC cannot make up for the damage that Romney would do the nation, and has done to the nation, which is why:

Mitt Romney owes the workers of America an apology.

Mitt Romney owes the voters of America the truth.

The Romney cover-up must end.

http://thehill.com/economy-a-budget/234345-romney-cover-up-of-his-tax-returns-offshore-tax-shelters-and-outsourcing-profits-must-end

by on Jun. 28, 2012 at 1:38 AM
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Replies (1-8):
Meire
by New Member on Jun. 28, 2012 at 8:30 AM

This

"But America will not allow Mitt Romney to bully our workers and destroy their jobs and harm our economy and call it jobs experience worthy of the presidency".

paperorplastic
by Silver Member on Jun. 28, 2012 at 9:31 AM

 Why?  It's his money.  Why do people feel like they are "entitled" to know every financial detail of a person running for office?  The guy is loaded, get over it.  Just take the biggest amount you can fathom in your head and double that.  It's probably close to what Romney is worth. 

BoysManDog
by Bronze Member on Jun. 28, 2012 at 9:33 AM

 

This is laughable considering the amount of personal information Obama has hidden or had sealed. 

Romney has released 2012 his returns, and his so-called "offshore" accounts are perfectly legal, and he paid the required tax on that money.   He will release his 2011 returns (he sought extension like thousands of other Americans) when filed. 

Again, it is telling the left is so consumed with Romney's personal wealth but does not give a rat's bottom at how the current president is throwing OUR WEALTH down the toilet.  Romney's money is his.  Obama's money is mine .  Big difference.

TheBookGirl
by on Jun. 28, 2012 at 9:34 AM
1 mom liked this
It's because having your money in foreign accounts, you don't pay taxes on them.

Quoting paperorplastic:

 Why?  It's his money.  Why do people feel like they are "entitled" to know every financial detail of a person running for office?  The guy is loaded, get over it.  Just take the biggest amount you can fathom in your head and double that.  It's probably close to what Romney is worth. 

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JakeandEmmasMom
by Gold Member on Jun. 28, 2012 at 9:37 AM

 If he paid accountants and lawyers to find every conceivable loophole that he could possibly take advantage of, so be it.  There is no evidence that he has done anything illegal.  I don't think it's fair to say that he used tricks or is covering anything up when he has played by the rules.

paperorplastic
by Silver Member on Jun. 28, 2012 at 9:44 AM
1 mom liked this

 I am very familiar with off-shore accounts.  He is a smart guy financially.  Many millionaires put their money in off-shore accounts.  Again, it's non of our business.  Until the tax loop holes are changed, this is the reality.  By the way I don't support either Romney or Obama. 

Quoting TheBookgirl
It's because having your money in foreign accounts, you don't pay taxes on them.

Quoting paperorplastic:

 Why?  It's his money.  Why do people feel like they are "entitled" to know every financial detail of a person running for office?  The guy is loaded, get over it.  Just take the biggest amount you can fathom in your head and double that.  It's probably close to what Romney is worth. 

 

BoysManDog
by Bronze Member on Jun. 28, 2012 at 10:05 AM
1 mom liked this

 

Firstly, Romney's investments that are held in Cayman accounts or wherever have had all taxes paied on them. That he has somehow avoided paying tax on his money is a flat out lie. 

Now, Romney's net worth is about $250 million.  That is not unfathomable.

California Rep.  Jane Harman, D, California is worth around $435 million.  Why don't the dems go after her?

Al Gore is worth around $110 million.  But he's a good guy, right?

Nancy Pelosi?  Around $58 million.

Of the richest people in AMERICA, the top three are known democrats and together make around $126 BILLION. (Bill Gates, Warren Buffet, and Larry Ellison).

George Soros, again -- big lefty -- is worth $22 BILLION. 

In fact, of the top 20 richest people in America, 60% are democrats.  Huh.

Oprah, for heck's sake, is worth around $350 million.

But watch out for ROMNEY!  He's rich and EEEEEEvil, right?

 

Meadowchik
by Gold Member on Jun. 28, 2012 at 10:11 AM

That's a crock.  We live abroad and still have to pay taxes, wherever are money is held.

Quoting TheBookGirl:

It's because having your money in foreign accounts, you don't pay taxes on them.

Quoting paperorplastic:

 Why?  It's his money.  Why do people feel like they are "entitled" to know every financial detail of a person running for office?  The guy is loaded, get over it.  Just take the biggest amount you can fathom in your head and double that.  It's probably close to what Romney is worth. 


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