The White House Shares Their Tax Records — Will Romney?
For a very brief blip on the campaign trail, all anyone could talk about was what former Massachusetts Governor Mitt Romney was hiding in his tax returns, and why he wouldn’t make them public.
Eventually, we learned he was embarrassed that he paid such a lower tax rate than so many of the Americans he said he wanted to represent. He did, however, say he would release the latest set come tax time.
Well, here we are. And we’re waiting.
Both President Barack Obama and Vice President Joe Biden has now posted a full decade of tax returns online, following the tradition of numerous presidents and candidates. Now they ask Romney to do the same. “Mitt Romney’s defiance of decades of precedent set by presidential candidates on both sides of the aisle, including his own father, begs the question — what does he have to hide?” Obama Campaign Manager Jim Messina said via statement. “Did he exploit loopholes in the tax code by keeping his investments offshore and is that why he’s protecting those loopholes now? Why did he open a Swiss bank account instead of an American bank account and establish a corporation in Bermuda instead of on our shores? Did he pay a lower income tax rate than the 13.9 percent he paid in 2010 and is that why he opposes the Buffett Rule to ensure millionaires don’t pay less taxes than middle-class families?”
Obama’s campaign isn’t the only one harping on the tax code, either. House Democrats are attacking the Republicans over a small businesses tax cut they say wouldn’t really help small businesses. “The Democratic Congressional Campaign Committee Thursday began circulating a release to media in some 60 GOP Congressional districts — including those of Michigan’s Dan Benishek, Minnesota’s John Kline and Chip Cravaack, Wisconsin’s Reid Ribble, New Hampshire’s Charles Bass, Colorado’s Mike Coffman and Scott Tipton, and Nevada’s Joe Heck — attacking the plan, which would provide a 20 percent tax break to small businesses. In the release, the DCCC questions whether the various Members will support the ‘proposal to give more tax cuts to the richest people in the United States — people like Oprah Winfrey and Kim Kardashian — when it comes to the floor next week?’”
I guess the only thing certain in this world is death and tax fights.
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