Saturday, September 22, 2012

Harry Reid on Mitt: When will the American people see the returns he filed before he was running for president?

Article Mirror

September 21, 2012

Friday Republican Presidential nominee Mitt Romney released one year’s worth of tax releases. What was he hiding? A lot. Mitt overpaid the IRS intentionally, purely for show, in order to increase his tax rate. The uber-wealthy candidate would have paid approximately 9 percent, instead of 14.1 percent. While protecting tax cuts for millionaires and billionaires, he’s attempting to manipulate the voter base — most assuredly Romney released them today to get the heat off of his butt, after recent videos were made public which display his disdain for 47% of America. Senate Majority Leader Harry Reid has been the most vocal politician thus far over Mitt’s elusive tax returns and he’s not backing down now.

Romney is fully aware that to remain the Protectorate of the Rich, he would have to prove that his tax rate at least resembles what the middle class pays, or certainly more — at least to voters.

 ”The information released today reveals that Mitt Romney manipulated one of the only two years of tax returns he’s seen fit to show the American people – and then only to ‘conform’ with his public statements. That raises the question: what else in those returns has Romney manipulated? We already know Romney has money in tax havens in Switzerland, Bermuda and the Cayman Islands. What we don’t know is why he refuses to be straight with the American people about the choices he’s made in his financial life. When will the American people see the returns he filed before he was running for president? Governor Romney is showing us what he does when the public is looking. The true test of his character would be to show what he did when everyone was not looking at his taxes.

“It’s also galling to see the creative accounting Mitt Romney applied to his own tax returns only days after learning of his insulting comments that seniors, soldiers and hard-working parents don’t pay enough taxes. Once again, we see Mitt Romney is out of touch with middle class families, who don’t have the luxury of accounting wizards and foreign tax shelters. It’s obvious he believes in two sets of rules: one for him, and one for the middle class. He says he wants to be president for only half the people but he acts like he only cares for the top two percent. Despite the fiscal cliff looming in just over three months, Mitt Romney refuses to explain the details of his tax policy. Will the policies he proposes benefit all Americans, or only multi-millionaires like him?”

(my bold)

John McCain responds to the release of a whole year’s worth of tax returns:

“Mitt Romney has now released more than 1,200 pages of tax returns, giving voters an incredibly detailed look at his finances,” [McCain] said. “Now that the most recent tax return has been released, it’s time to get back to discussing the issues that voters care about.”

Since Romney is running for office, he cleaned up his tax rate. The Romney plan would shift the tax burden from high earners onto the middle class. How much lower does he want his rate to go?

As for John McCain’s statement, the tax rate does concern voters. Good try though.