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Subscribe to RSSMitt Romney could face new questions about his overseas investments after a campaign official acknowledged to NBC News that his campaign is revising his federal ethics forms to report more than a half dozen offshore holdings, including income from a multi-million dollar Swiss bank account that was not disclosed last year.
The tax returns released by the Romney campaign this week showed that the Ann Romney Blind Trust had reported $1,783 in interest income from a bank account held at UBS in Switzerland in 2010. But interest from the Swiss bank account -- as well as holdings in other offshore investments in the Cayman Islands, Bermudas and Ireland that appear in the trust fund's tax returns -- were not disclosed in Romney’s financial disclosure form filed with the Office of Government Ethics last August.
A Romney campaign official emailed Thursday afternoon that Romney’s financial disclosure form is now being amended with the government ethics office “to address this minor discrepancy” and “to deal with some other minor issues.” The Romney campaign’s decision to amend the forms, and additional details about the failure to report the overseas holdings, was also reported Thursday by Los Angeles Times.
The number and size of Romneys’ offshore investments have lately emerged as a major campaign issue, putting the former Massachusetts governor on the defensive over his wealth (estimated at up to $250 million) and forcing his campaign to release his 2010 tax returns this week. When the campaign released the returns on Monday, it arranged for R. Bradford Malt, a longtime lawyer for the Romneys, to brief reporters in a conference call about them.
But while the returns have produced no revelations about any improper dealings on Romneys’ part, they have continued to raise questions about how and why some of his multiple overseas investments were made in the first place, and why there were not more fully reported on Romney’s financial disclosure forms.
Malt said he opened up the Swiss bank account, holdings in which are valued at between $1 million and $5 million, in 2003 on behalf the Ann Romney trust in order to provide “international currency diversification” for the trust's holdings. He then shut it down in early 2010, he said, and transferred the assets to the United States, noting that Romney was preparing to run for president at the time and he did not want to have it become an issue in the presidential campaign.
“I was worried that people would write stories not understanding this,” said Malt, who administers the blind trust on behalf of the Romneys.
But Malt apparently did not act quickly enough, given that the interest income had to be reported on the trust's tax returns for 2010. (He would not say when in 2010 the account was closed.)
The account was first disclosed as one of Romney's holdings when he filed a financial disclosure form in 2007 after he launched his first campaign for president. Malt acknowledged today that it should have actually been reported as a holding of the Ann Romney blind trust and that Romney’s 2007 financial disclosure form is also being amended to correct what he described as a "clerical error."
The campaign had no immediate explanation for why the $1,783 in interest income from the UBS account had not been included in the 2011 financial disclosure, an omission noted by political rivals. The Democratic National Committee hastily organized a conference call Thursday afternoon to seize on the revelation.
Malt initially insisted in an interview that the amount was below the threshold that needed to be reported. But one category on the standard government financial disclosure form specifically asks candidates to report assets valued at between $1,000 and $5,000 as well as income from any holdings of between “$1,001 and $2,500.” A campaign official later said Malt had been misunderstood, acknowledging that both the 2007 and the 2011 financial disclosures the campaign filed are being revised.
But the inclusion of the Swiss bank account is apparently not the only revision. The Ann Romney blind trust also reported income from shares in offshore companies such as Barricuda Investments Ltd. in Ireland, Castle Garden Funding in the Cayman Islands, and Sankaty High Yield Assets Investors Ltd. in Bermuda. Those holdings also were not included in the financial disclosure form that Romney filed last August. The form requires presidential candidates to report all assets and income for them and their spouses for the full calendar prior to the year of the filing.
But Malt said there had been no attempt by the Romneys to conceal these investments, and all taxes on their earnings were fully paid. Malt stressed that the Ann Romney trust fund was simply a passive shareholder in the investments funds, which in turn owned shares in the offshore companies. He said the investing entities were like “mutual funds.”
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B. Hussein Obama has no positive record of accomplishments to run on. A record of success in jobs and the economy would've been easy to champion. But when you have a record of failure, joblessness, record deficit and U.S. Taxpayer spending with no positive results, Chicago-styled pay-for-play politicking & cronyism, recession and abject, blatant incompetence, half-truths are the best you can do.
Expect to hear more of this as B. Hussein Obama hits the stump this week. He’ll ignore his three years worth of failures and try to build his case on faulty premises and empty promises. That worked in 2008 because Obama had no record. But it won’t work on Nov. 6th, 2012, because he has a very clear record and that record is one of failure and no improvements to the U.S. economy or joblessness.
On the economy, jobs, health care, energy, the federal deficit, the U.S. national debt, housing, lobbyists, ethics, and energy policy -- all of these issues -- the president has broken his promises to the American people. It all makes for a very unflattering before-and-after.
Let’s take that list in reverse order.
On energy, B. Hussein Obama said in 2008 that it was time to end our foreign oil addiction. In 2011, he admitted, “we’re not where we need to be.” He called his own energy policy “just a hodgepodge.”And last week, he blocked the Keystone XL pipeline project, which would have provided America with a safe, affordable energy source, while creating thousands of new American jobs.
On campaign ethics, B. Hussein Obama called Wall Street executives “fat cats” and then acted like a fat cat himself: he’s accepted more Wall Street money than all other presidential candidates -- combined.
Health care was supposed to be B. Hussein Obama’s great achievement. He promised his plan would bring down premiums “by $2,500” for the typical family. Last year, they rose by 9 percent.
B. Hussein Obama boldly promised that lobbyists would never “find a job in my White House.” Yet to date, he’s hired almost 100 of them.
In 2008, he said former President George W. Bush's adding of $4 trillion to the U.S. national debt was “unpatriotic.” Yet B. Hussein Obama has increased it by more than $4.5 trillion and is on track to add trillions more in only three years as president.
B. Hussein Obama promised to cut the deficit in half by the end of his first term. Instead, he racked up three record deficits of more than $1 trillion each year.
B. Hussein Obama promised he could create thousands of jobs with green energy spending. Then he lost a $535 million taxpayer-funded loan to the now-bankrupt, "green energy" company Solyndra.
With his $825 billion stimulus, Obama promised unemployment would stay at or below 8 percent. Not only did unemployment shoot past 8 percent, it hasn’t come back to that level since. It's been closer to between 9% and 10% for virtually his entire presidency, except in the last two months of 8.6% and 8.5%.
And then there’s the biggest promise of them all: the economy. B. Hussein Obama was so confident he could turn around the economy that he promised in early 2009 on NBC's Today Show, that if he didn’t have it fixed in “three years” then his presidency would “be a one-term proposition.”
(To be fair, that’s one promise he can still keep.)
In October of last year, President B. Hussein Obama unveiled the slogan “We Can’t Wait.” It was par for the course for a White House that regularly substitutes sloganeering for policymaking. And it was indeed merely a slogan. Three months later, we’re still waiting. We’re still waiting for a plan to revive the U.S. economy, a plan to reduce the U.S. national debt, a workable, reasonable, bi-partisan plan to keep any one of B. Hussein Obama’s many promises that HAVE NOT been kept. If this coming week is any indication, we’re going to be waiting a lot longer.
Remember, B. Hussein Obama is supposed to be this "great, compassionate man of the average-joe American" and president, but he is also the guy who actually insulted the handicapped and special needs, parents, coaches and players themselves of the Special Olympics on the Jay Leno show, calling his bad bowling, "like Special Olympics or something." The clip can been on YouTube titled: Barack Obama Special Olympics Insult.
Tell us what you are for, show us you are a 'true' American....bee for America.
OMG you really need to get a hobby!!!!!
So Johny, can the President count on you for your vote?
LMAO- What does any of this drivel have to do with Romney? And do you think by putting B. Hussein Obama repeatably, does anything? Hussein ohhh scary, lions,tigers and bears oh my! your post is a wasted read. lol
If your intention is to move the opinion of the undecided ... epic fail.
Not to mention it's a copy & paste from a worn out chain e-mail... lol
This is a classic example of a 'dumb' right winger, we are supposed to be afraid as you spout crap with racists under and overtones.....who the he** paid you to write this drivel.
Vote Republican for dumb racists disrespectful candidates.
Johnny: so let me get this right....Your twisted diatribe of the President's record is supposed to distract us from Romney's offshore accounts? Seriously?
I was undecidied until I read that novel from bee. I'm sold Obama is the one.
Wow. That's one of the saddest attempts I've seen on these threads to deflect from Romney's growing tax evasion problem.
If you willing blind would simply open your eyes, you would understand that you are be sold a complete bill of goods by Rove, Norquist, Limbaugh, Murdoch, the Tea-RNC and 1%er's that are simply UNTRUE. How often have you and/or RWNJ's and the RNC tried to tell American voters that the President has not submitted any budget request to Boehner and the House Johny? LIES AND FALSEHOODS. They have been offered and requested, but the FACT is that Boehner and the Tea-GOP either refuse to act at all, or attempt to "re-work" & amend them to the point that they could not possibly be acceptable, containing so-called "poison bullets" that insure their rejection.
Come on... How about some truth in lieu of RNC/Tea mis-information and talking points.
The President is continuing to lead and "fix" the nation's problems (as Mitch tried to convince us he and the GOP-Tea party would do if we only LET them!) but is constantly and continuously obstructed by those who hurt America.
Johnny Bee---How this rant made it through the spam filter is beyond me
Gee....wonder if he was listening to the fair and unbiased reporting of faux noise?
Wonder why he didn;t mention anything about Bin Laden...ooops - success
Stock Market up 4000 points? ooops success....
Guess we can't take the good with the bad now can we?
He's posted copies of this drivel in a bunch of places it seems. He's a one trick pony and a lame one at that!
johny bee is a real a********* if only he knew ,,get a life ,come up with something that will help instead of the stuip rioting insites of hussin,,,,,,,,,,a***hole
Jesus....who left the gate open at FAUX Noise? Ever since Beck left these loons have been popping up all over the vine. Please, do everyone a favor and go back to watching cartoons and leave the serious discussion to those more intellectually equipped, better yet, go back to sleep, you'll be happier in your fact free dreams and much less likely to hurt yourself. Have a nice day!
Hey Bee,
Isn't it funny how when BO lovers are confronted with facts all they can come up with are cheap shots? How much you wanna bet your post is collapsed within an hour?
they love it whan I post this:
There is a direct correlation between the donations and who got bailouts here is the disclosure of Obama 2008 contributions:
University of California
$1,648,685
Goldman Sachs
$1,013,091 bailout 10 billion
Harvard University
$878,164
Microsoft Corp
$852,167
Google Inc
$814,540
JPMorgan Chase & Co
$808,799 bailout 4 billion
Citigroup Inc
$736,771 45 billion
Time Warner
$624,618
Sidley Austin LLP
$600,298
Stanford University
$595,716
National Amusements Inc
$563,798
WilmerHale LLP
$550,668
Columbia University
$547,852
Skadden, Arps et al
$543,539
UBS AG
$532,674
IBM Corp
$532,372
General Electric
$529,855 Full Payback for this profiteer of war ???
GE CEO appointed “job Czar” while still working for GE…HUGE conflict of interest
US Government
$513,308 IS THIS EVEN LEGAL!!!???
Morgan Stanley
$512,232 Bailout 10 billion
Latham & Watkins
$503,295
Here is the source for the above
http://www.opensecrets.org/pres08/contrib.php?cid=N00009638
You have a lot to say unfortunately all wrong, you have pinned it to the wrong President the issues you point out were created by shoeducker bush not this President. He's got a republican/teaparty congress of NO, NO, NO, NO, NO, NO, NO to try and fix it. No President could accomplish anything with this butch of obstructionist.
"I want to see this President fail" Mitch Mcconnell Ho much could you accomplish with crap like this to deal with?
It's spelled "Barack". Now you know and you don't have to look silly by abbreviating.
Who really cares about Romney's off shore accounts. Not my man but not the real issue no matter what you say. It's about the economy and jobs and who can move us forward. Took a long time to get that Senator (don't even want to print his name) before the Ethics Committee and finally judged guilty so give this guy a break. Minor mistakes occur in filing major reports. They are bringing them forward for whatever that means to all of you. You are not going to vote for him anyway.
You mean Pres. Obama's middle name is really Hussein? (cue the scary music)
Johny Bee S got a lot of his talking points from a Fox news seed currently floating around on the vine.
I think Willard and his staff are trying to doctor his documents, poor Mitt it seems his aspirations to be President of the wealthy people of the United states and Dictator of the middle class and poor of the United States is slipping away.
The embarassment that the Romney candidacy is causing on the Republicans are claerly having an effect on their supporters. Look at this guys in this forum attemptign his racist nonesence and bigotry calling the duly elected President "Hussein Obama" this is why you guys will lose thsi election because the voting population is much larger that then small backwoods, country 'folks' who turn out for Republican primaries.
Willard Romney may also be charged by the IRS and I hope those of you who have used this forum to show how uneducated you are will go back to eating possums and drinking moonshine. lol. Barack Obama will win the next election and will go down as one of the best President that have served ALL the people in the great US of A. i hope your hate causes you a stroke.
Romney is just proving himself to be another shady, evasive and questionable Republican. He is so far removed from the average American that it's scary. Nothing says more about character than a guy that hides money in foreign banks.
Yes, it may be stupid, and false and all those things, but look how it side-tracked the conversation and deflected any discussion about Romney's "ooopsie" regarding factual reporting of his vast wealth. Well-batted well played.
Back on topic.
GEEEEEZ how dumb do you think we are Mitt? Ooops, I forgot to declare my SWISS BANK ACCOUNT!
My bad.
GEEEEEEZ.
Mitt Romney is not only too rich to be President. He's toooooo dumb to be President. (Which is why I love him so much as the GOP Nominee :-)
And he will be the GOP nominee, mark my words. Newt is going to the moon to corner the green cheese market. He's going to have a colony of green cheese miners up there so it looks like Romney is the guy. Bless his greedy little vulture capitalist heart.
And the President will beat him without breaking a sweat.
WHAT? OHHHHH, you mean THAT Swiss Bank Account. Oh it's not much, only a million or so. Hardly matters.
GEEEEEEEEEEEEEEEEEEEEEZ Mitt, grow a brain! Oh, wait, he doesn't have to grow one, he can afford to BUY ONE!
Obama/Biden 2012
@Johny Bee
There really is no need for anyone to read past your first sentence as you are clearly not informed as to the actual "facts" of which you speak.
I personally don't care what party you are part of, what color your skin is, what your sexual orientation is, how old your are or what religion you are. But, what I do care about is that you be educated on the issues that you want to participate in debating.
You do a disservice to your country by posting this diatribe. If you truly care about the issues and want the future to be brighter than the past, then stop contributing to the problem and be part of the solution.
Do I believe that Obama has been the best president? No. Do I believe that he has made some very important accomplishments to run on, yes, I do.
But, more than my "opinion", there are "FACTS" to back up that assertion.
If you are going to keep your head in the sand and just spew lies and insults because you are bitter, then at least know that you aren't really making anything better yourself and that you certainly aren't making any accomplishments for yourself.
LOL
So the article is about Romney, and Republicans can not defend him, so they immediately try to change the topic in the very first post.
The smell of desperation is over-powering.
Oh and...
THIS! 100x THIS!
What I find really interesting is the fact that a person to be President of the US he needs to be born US. How about his bank accounts... Wouldn't it be interesting that a future president of the US have all banking accounts in the US....
Why do you insist on calling Barrack Obama, "B. Hussein Obama"? Right wingers always deny that they have racist undertones, yet here you are making a point about Obama's middle name for no real reason.
At least admit it so that way we all know we shouldn't take you seriously.
He meant to make Barak sound a little bit more Muslim by using his middle name. That's so original.
What jb meant to say was SQUIRREL!!!!
I love how MSNBC is full of liberals that think obama can do no wrong. Just because bee posted alot of FACTS about obama, everyone gets the panties in a wad!! Grow up people the man is simply stating his opinion. I dont care for Romney at all i think he is a snake!! Ron paul is our last hope!!!!
Fortunately for the USA, the majority of posters on this board have rejected the long-winded diatribe from Johny Bee. For those who agree with him, well, what can you do? But it's this type of bitter tripe that is sinking our ship. It's all over the place, including on the Vine.
True, these comments are supposed to be about Romney's offshore accounts, and to discuss the issue of Romney's money socked away in Switzerland and the Cayman Islands would seem to be a more germane use of one's time, rather than a long winded and untruthful rant about "B. Hussein Obama".
yeah.. the hussein stuff plays in the sticks i guess...
the DOW is about to return to where it was before the fruits of the bush regime took hold,,
UH-OH republicans!!!! a recovering economy.. and all you guy are these "outsiders" lol, newt and mitt to run...
Thanks Bee! I was undecided between Romney and Gingrich, but thanks to you I've made up my mind who I will vote for.
B. Hussein Obama 2012!
Believerof, and the stock market is controlled and owned by the 1% Where is Obama's gain for the middle class? None.
Why would ANYONE vote Party of No or Bagger...no matter who you are (unless you are from the 1%)?
Revised for accuracy ~
* International & off-shore accounts are (successful) people too ... my friends *
The outrage over the "tax-cheat" Romney only demonstrates the fact that those posing the rhetoric have never filed taxes of any significan amount. Romney doesn't prepare his own taxes, you mor0ns...they're done by accountants and lawyers.
Anyone labeling Romney at "tax-cheat" over this is an absolute ret@rd. The taxes were paid...the problem is a clerical one, not one of malfeasance. If you really want to talk about real "tax cheats", google Obama's appointees and their tax problems right after the last election. FFS, Obama apppointed a guy who really did cheat on his taxes to head the the Treasury...
You liberals would be hilarious for being so damned dumb if it weren't for the fact that you get to vote.
ROCK6108 - it wasn't that he posted "facts" (which he most certainly did not); it is that he tried to frighten everyone by referring to the President as B. Hussein Obama. Guess he thinks everyone is as backward as the person who wrote his post.
So this is the best the repubs have to offer huh: a tax evader, a disgraced former speaker, a nut-job libertarian, and a guy who's name means fecal matter mixed with lube. And their supporters only response is "look at all these things we just made up and over-exaggerated about the President who's leading us out of a depression caused by conservative policies."
Obama 2012!
What to hell are all of you bringing up President Obama. What in the hell does he have to do with the following:
"Mitt Romney could face new questions about his overseas investments after a campaign official acknowledged to NBC News that his campaign is revising his federal ethics forms to report more than a half dozen offshore holdings, including income from a multi-million dollar Swiss bank account that was not disclosed last year."
Check and see where the President's money is. It's in US Treasury Bills. Romney is a con artist that should be in prison.
Hey Johnny...as my gramma would say..."quit being a sore loser".
It's 2012, it's President Barack Obama to you...he won.
Indeed, distract by talking about Obama. It's what lobbyists are trained to do. Like in "Thank you for smoking" (2005):
(lobbyist) "but you didn't prove that vanilla was the best...
(son) I didn't have to. I proved that you're wrong, and if you're wrong I'm right.
Conservatives don't care who there candidate is. Ask one right now and they probably won't even commit to any other them, because they know they're all dirty. This is why they vote for such dirt bags. The kind that invade countries on lies. Or invent credit cards in the 1980s to enslave everyone into credit debt. The do what they are told. It's their religion. And their religion does not allow them to think for themselves. Free men (Latin: liberalis) are dangerous to them.
Conservatism is the new religion and no one questions their religious leaders. They just wait for the leader to be chosen for them and be told who the new enemy of the religion is.
Unfortunately I have come to the conclusion that almost all far right wing-nuts and Tea Party Loyalist are not misinformed, they are just plain STUPID! Stupid to the point that they will vote, not only against the best interest of our country, but also their own best interests! Just absolutely amazing and sad all at the same time!
Give Mitt a break,all he wants to do as pres.is build a Mormon temple in D.C.
how about the fact that 36 of President Obama's staff owe over 833,000 in unpaid taxes? So Romney only pays an effective tax rate of 15%? the average effective tax rate for the country is 9.4%, so he mays more than most. He broke no laws, unlike many on Obama's staff. I'd also like to point out that there is not a poster on this site that doesn't tell his accountant to find every legal deduction. Those that say they don't is a hypocrite.
Mitt and his tax problem...when your tax firm is named, SlickEm, DickEm and RipEm, you should get a second opinion of it's legal accuracy.
Johny B . you are an idiot to write such a load of Garbage.
Go back to the Bigoted hole that you crawled out of and get some Education.
Maybe reading something aside from domestic Fox crap.
Or even better go and see the world that should open your eyes up. Maybe not.
some of you people could have a flying saucer land on your nose and you would still make it out to be something else.
no doubt another dam hypocritical Tea Party Christian whatever you are.
Johny B . you are an idiot to write such a load of Garbage.
Go back to the Bigoted hole that you crawled out of and get some Education.
Maybe reading something aside from domestic Fox crap.
Or even better go and see the world that should open your eyes up. Maybe not.
some of you people could have a flying saucer land on your nose and you would still make it out to be something else.
no doubt another dam hypocritical Tea Party Christian whatever you are.
"Conservatism is the new religion and no one questions their religious leaders. They just wait for the leader to be chosen for them and be told who the new enemy of the religion is."
Well put. Some of these people change with the wind, as long as they utter words such as, deregulation, huge defense budget, etc., they have the vote of the weak minded and the wealthy. They also play a game of "moral superiority." Half of their club hates Romney for his religion and the other half hate Gingrich for his many moral failings. I suspect with either one of these buffoons, turn out will be light. They call President Obama a "Socialist." The marginal tax rate was 91% during Eisenhower--now, 35%. Buffett states publicly that he paid in the high teens in income tax and Romney pays 13.9%.
Do they even vet these people at all? Cain? Gingrich, Romney? The Karl Roves sit back and sell criminal behavior as a virtue.
Matt L How is this an attempt to avoid taxes when it was reported on his taxes as clearly stated!!?? If you are trying to avoid paying taxes, it would be wise not to report it when you file!!
janet,
RE: your post #1.48
Please cite one reference for your accusation that 36 members of President Obama's staff owe $833,000 in taxes. Please cite one RELIABLE source. NO Republican or Tea Party "Rags"! THANKS! Until you do your accusation has no meaning whatsoever, you do understand that FACT, hopefully!
The Bush tax cuts for the 1% was to give them more money to invest in the United States. The Mittster took the tax breaks and invested it outside the US. Just to date we know Mitt invested more than $30 Million outside the US. So far the Bush tax breaks for the rich have cost over ONE TRILLION DOLLARS. How much of that is invested outside the US. That Trillion is money WE had to borrow from China and the Saudis, you and I and our grand children will be paying that back.
Mittens Rob-us-blind Flip Flop, the 1%'er CORPERTE RAIDER and one time governor of Liberal Mass but now he is an arch conservative. Has supported Abortion, Gay Rights, Gun Control, Stem Cell Research and has reverse himself on all of these issues.
He took both sides on the financial bailout, the stimulus bill, the auto loan package;
His biggest Flip-Flop of all Health Care Reform The national Law is modeled on the one that he championed as governor in Mass that requires every citizen to have health insurance. Now he has Flipped-Flopped. Mr. Flop has taken a hard slide to the right pandering and boot licking to the tea party.
Mitt Flip-Flop Rob-us-blind, a wishy-washy, flip flopping spinless politician without any core convictions, principals or believes a man who will say or do anything to get elected telling one crowd one thing and another crowd another. You simply can’t trust this guy to tell you the truth.
The only good thing that would happen if Flip-Flop were to get elected It would prove that Conservatism is dead as Flip-Flop would stab the Conservatives in the back.
And now we find the little Twit has offshore bank accounts What A SLAZY BUCKET and TRAITOR!
Mitt Flip Flop Romney LMAO
But I thought the half-white president was a socialist, but then he hires Wall Streeters which is it? Please tell us what Fraud News tells you what to say and I do mean say because they don't want you to think. Janet, in the "immoral" and I do mean immoral words of your buddy Bill O'Reilly "Shut Up!", have nice day and don't forget to take your meds.
Professor, your writing skills do not match what would be expected from one of such a title.
Second, as long as he goes back an ammends his reports, the most he will face is an interest penalty. More importantly, these errors appears to have been forced by moving legal accounts to avoid controversy over the accounts.
I think the hubbub over his wealth is stupid. IF he were elected president in terms of today's dollars he would be the Fifth wealthiest president.
Here is the order
1) George Washington
2) Thomas Jefferson
3) Herbert Hoover
4) John F Kennedy
Only Herbert Hoover should have stayed home and managed his millions instead of managing the country.
Poor little Willard can't seem to catch a break. First he complains about his landscaper's hiring an illegal alien only because it could harm his run for presidency. Then he purges his gov't-issued hard drives before leaving office. Then he releases a limited number of tax returns only to realize that the disclosure generated more questions than answers. Then oops, he forgot to disclose the UBS bank account interest. Everyone in the financial world knows about the recent settlement between the IRS and UBS regarding UBS' practice of harboring tax cheats through the use of Swiss bank accounts. Clearly, his pursuit of the presidency is not based on a strong conviction, belief or dogma. It is based on a script written long ago by a man who feels his status and wealth ensure an easy path to the WH. But despite all the advanced planning and makeover attempts Romney remains an ideological charlatan whose conviction on anything, anything, lasts about as long as a proverbial fart in the wind!
TL/DR
The flip flopper is everything that is wrong with America right now. Did any of those men have offshore accounts to avoid paying taxes?
Hes going to stay home to manage hes millions in offshore accounts and Obama will make sure he pays hes fair share before hes second term is over.
Slip sliding away, miLord, Slip sliding away,
The more people find out about us,
The nomination and the presidency,
keep slip, sliding away.......
Sing with me my right-eous T'publicandinos brothers and sisters....Let's raise our voices and wail...
Slip sliding away Lo'ds, Slip sliding away
The masses are awake
and see they are the stake
Slip sliding away...
Slip sliding away, slip sliding away miLords Romney, Gingrich, Paul, Santorium, Cantor, McConnell, Ryan, Rove, Norquist, Limbaugh, Beck, democrats in name only, Fauxers and conser alll..... (now take a deep breath and let it out slowly)
Slip sliding awayyyy.....
Slip sliding away miLo'ds, slip sliding away
Our talking points aren't working,
Accusing the masses of envy and class warfare
to cover up income disparity
when the masses don't want charity
just jobs, justice and income parity....
and for us to pay our fair share
Slip sliding away....
Slip sliding away, slip sliding away,
The masses don't care about who is gay,
where they work or they play
or to Whom each person Pray
Slip sliding away...
Slip sliding away miL'od, slip sliding away,
no matter what we say
women want their reproductive rights and privacy to stay,
and men and women want us
to just shut up, dry up, fade or slink away...
and pay our fare share of taxes...
And Slip slide away......
Slip sliding away miLo'ds, slip sliding away
Our Serferation of the nation, for Serfdomination....
Slipped
sliding
aaaawaaaaa
aaaayyyyyyy
OUCH
Who put that darn banana peel there? No?... oil from What? Algae? Those treehugging greenerist recycling elititists ....
... blo*dy progressives.....modernist 21st centuryers socialist pinko commie soul-less godless heathens want fairness equity and equality for all diplomacy loving peaceyweacy wussy blowhards...... Wait 'til the rapture comes.... wait until they get left behind.... then they will find out, yeah, yeah....right... then there will be hell to pay.... yeah....oh hell yeah..... to paayy...see if we care, leave em, let them burn up....they were warned..... yeah.... green oil indeed...
Peace....Laugh a little, it lowers the blood pressure.....
LOL
errrrrrrrr.....I thought this article was about Mitt Romney. I didn't see Obama's name in it at all! A little off course here eh?
Or maybe just a little "off" period.
Johnney bee,
Come on, admit it, you are a racist!
Joethe lib Only 22% of the Bush tax cuts (you know those "tax breaks for the wealthy") went to the top 2% (so the top 1% got even a smaller %). Why incist that these were tax breaks for the wealthy? I know! It sounds good to the other 98%. A real test would be to let them ALL expire. If they benefited only the wealthy, nobody else would be harmed! So when the left only wants them to expire only on the wealthy, that makes any intelligent person doubt their statements that they were mainly for the wealthy!!!
Johnny Bee, are those your words? Did you originally post them here?
Of did you just find those and copy/paste them several times to this site today?
Just a reminder.... when President Clinton (democrat) left office, he turned over the USA to President Bush (republican) with a financial surplus. 8 years later, the USA is in a financial hole to deep to get out from, no matter who is elected.
There is nobody to blame but the american people for re-electing President Bush to a second term. We all saw it. Expensive war in Afghanistan, then a second war in Iraq on false pretense. Tax cuts even when all these war spending is looming over our heads.
President Obama may not have the stellar records you people are expecting of him, maybe he setup the bar to high not realizing he will run into a republican congress whose goals is to prevent his re-election instead of working bipartisan to help the country in crisis.
I would like to know what these candidates have achieved in the past 4 years that helped this country instead of just coming out now swinging their bats wildly of what President Obama has failed on.
You want the job, show me a verifiable resume of your accomplishments and failures.
When the conservative extremists said 'anybody but Obama' they should have set some standards. They didn't.
Red Blue I think you will find that the debt was increasing. The only thing that "balanced" the budget was taking money from SS. The government was borrowing from itself rather than increasing the debt!!!
The moment you started with the "B. Hussein Obama" sh-t, your entire post became nothing more than yet another retarded anti-Obama whine.
Feel free to grow up at any time.
Hey, Johnny Bee!
Next time try calling him Saddam Hussein Osama. That's THREE times as scary!
I was so worried for a minute there that I almost forgot that Mitt Romney is one of the biggest tax dodgers in America. He paid 13.9% taxes on HOW many tens of millions? His family members paid not even one single PENNY on a cool $100 million? How patriotic is that?
Even POOR people pay 15.6%.
commonsense-not! Romney paid the taxes that were due under the present tax code. I can assume that you paid more last year than you owed because you thought it was the right thing to do (you were being patriotic)!! Since 47% of filers (this does not include those that were not required to file) paid no federal income tax, I cannot uderstand your statement that "Even POOR people pay 15.6%"! You are just another liberal loudmouth, know-it-all who would rather spew forth what the left has told you rather than check out the facts yourself!
Here we go again...
First it was the missing hard drives from his time as Governor of MA & now it turns out Willard is a tax cheat AFTER ALL!
The American people deserve to see MORE than a measly 2 years worth of returns...
You can RUN Willard, however, you cannot HIDE!
$45 billion in just 4 months, with $70 billion sitting off shore. not one single of the 60 million devices sold in the quarter made in the US.
In other words - a shining example of everything the libbies can't stand. and yet they all love their shiny IPhones, Ipads and Ipods.
Yep, Obamas a' comin' for Apple - watch out!
I too can pull numbers out of my a$$ Spanky.
Doesn't the article clearly say that all taxes were paid, it was just a form was not filled out showing $1783.00 in interest income.
I think we are still tapping the tip of the iceberg.
Where are the other tax returns? I've heard speculations about tax evasion and fraud now, which would not only end his presidential campaign, but land him in jail.
The sooner Mitt comes clean, the better.
Spanky: What the hell are you talking about? Do you even know?? This has what exacctly to do with Apple making products overseas if they choose to? You want to boycott Apple, then boycott them. If you are ridiculous enough to believe all wealth is equal, and that Mitt created jobs and therefore deserved the tax breaks that are designed specifically to spur job creation you go right ahead with that fantasy. The rest of us know full well why Mr. Romney has taken so long and fought so hard against this reveal...he KNOWS this does not go well outside the 'let em eat cake' faction of his party. Nothing illegal. But nothing that ddoesn't take full advantage of the rigged deck against the vast majority of working Americans who have to pick up the freight for this "welfare".
Fiesty Redhead- I don't think you and I read the same article. The article said that ALL TAXES WERE PAID but the disclosure form they must release to run for office missed that information. Where are you getting tax cheat out of that?
I guess you are a person who only sees what you want to see.
Same thing that happened to at least two of Obamas appointees and the right still castigates them to no end What was your point. If you look at that they failed to report this to the ethics people and also the guy readily admits to trying to cover up the fact he had money in a swiss account by closing it when he ran for office. All in all and as important as the release of these documents were to now claim it was a typo is beyond silly.
Spanky,
I read the NYT series about Apple and high tech overseas manufacturing. It is the underbelly of capitalism without any regulation and enforcement.
This thread is about Romeny's tax return and investments.
I suggest you seed a article on the Vine and post it. i would be more than happy to respond and I am sure others would too.
Look forward to your article and the discussion.
Mitt Romney didnt do anything wrong. This idea that having an offshore account inherently means your cheating is ludacris. The fact is these accounts, in this case, are more like IRAs or 401Ks than a tax haven. Anyone who has a significant amount of money INVESTED will inherently have very little idea where all of it is going and how its all being invested. I doubt very much that Romney had any clue these accounts weren't reported. In fact to quote the story itself, "
“I was worried that people would write stories not understanding this,” said Malt, who administers the blind trust on behalf of the Romneys.
But Malt apparently did not act quickly enough, given that the interest income still must be reported on the trust's tax returns for 2010. (He would not say when in 2010 the account was closed.)"
Key words being blind trust. The Romneys had no clue what was up. What bothers me the most about this critisim is every single one of you who pays taxes in the USA has signed that line at the end that says to the best of your knowledge this is all true and thought, "Well this is the year i go to jail." If people can mess up 1040EZ forms how would you imagine it's easier when you have more money and have to use the big boy forms.
Even sadder is every year theres a study group that sends out 100 identical copies of tax information for a ficticious "rich" person to be worked on by a tax "proffesional". Every year this study group recieves 100 DIFFERENT quotes for taxes owed. The real problem in this story is how the tax system is so convoluted that it makes it impossible to really know (EVEN FOR THE PEOPLE WHO ADMINISTER IT) if they are doing it correctly.
AP - Remember what Leona Helmsley said,...."Only the little people pay taxes..."
Must have been blueberry pie all over the tax form hiding those particular fields.....
I am NOT a Romney fan (GO NEWT!!!), but $1783 in misplaced interest reported (AND TAXED appropriately) in a 600 page document declaring $21,000,000 in income is immaterial. (My tax returns are probably 30 pages, and they likely have similarly immaterial discrepancies (a similar percentage of my much smaller income) some years... 1099s reported oddly, etc. That said, if Mitt made $21 million in interest, then I think his principal balance is MUCH greater than $250 million... likely over $500 million and perhaps closer to $1 billion.
No, not exactly jerry...
better re-read it I think.
Romney's tax returns again sets a perfect example of what's wrong with our tax system.
Step right up folks....Learn how to use the "carried interest rule" in the tax code to your advantage. Next, you will learn how to shelter your money overseas. Enjoy a 15% total tax bill for the price of lobbyists fees.
Vote for me and make your checks payable to K Street, Washington D.C.
Romney is a LIAR! And he knows it. Bring on the evidence. We want to see him squirm.
And while you're at it, get that loud mouthed Gingrich to cough up all his hidden off-shore accounts as well. Gah, he's such a putz.
Hello Ms. Fux,
you dont have to worry about willard. Newt is going to make drastic changes for you.
Newt is your next president.
Not a tax cheat... just shady.. just like The Gingrich Who stole Christmas (300,000)
And unethical.. the disclosure form is important.. the hubris to think it won't catch up to you is shocking.
It's no big deal.. just report it.. to "ammend" the disclosure form now means you "lied" on it before.
Knowingly or unknowingly....With that kind of wealth, he is not doing his own taxes or disclosure forms.. my guess is that I would have my accountant fill out the disclosure so as to make sure nothing got missed or to make sure some things get missed..haha
Just so much deceit from the party of moral grandstanding.
Fiesty, You are absolutely right. Romney is not only part of 0.001% that want US government to give them more tax breaks so that stash more money abroad. Two notes I would like to say about Mitt. I am sure many of you are following the UBS agreement in 2009 and 2010 with US Justice Department to hand over names of approximately 4,950 U.S. holders of UBS accounts.
Quoting from one of the web site of US Tax attorney, "According to the 2008 Senate SubcommitteeReport on Tax Havens, UBS alone has “maintain[ed] for anestimated 19,000 U.S. clients ‘undeclared’ accounts in Switzerland with billions of dollars in assets that have not been disclosed toU.S. tax authorities.” Mitt's account might be one of them (just speculating) and if it's proven that Mitt Romney or any of his immediate family member has or had undeclared Swiss Bank account (highly likely), his candidacy is toast. I would like to see where all his tax disclosures would take him in this election.
AP-1414066
Do you think for yourself or just repeat whatever Obama and the DNC say? Do you even stop to really think and evaluate when they make statements like a secretary shouldn't pay more in taxes than a millionaire? Seriously- according to Mitt Romney's tax return for 2010 he paid MILLIONS of dollars in taxes- do you think Warren Buffets secretary paid that much? No, she didn't so Mitt Romney and Warren Buffet do pay more- point 1.
Point 2- Mitt Romney, Warren Buffet, and the like who are paying 15% now have ALREADY PAID 35% IN INCOME TAXES. Now they are paying 15% on the interest or profit earned on their investment money. Basically they are retired and living off the nest egg they were able to work hard to save- isn't that the goal of everyone?
MOST people don't pay any federal income tax by the time you figure in deductions and then tax returns. My family is in the middle class and I don't believe that because there are people that have been more successful that my family is entitled to take more money from them. I consider that stealing only for some reason because the government does it then it is legal.
anyoneelse: Newt??? LOL! The guy who is arguing for Romney and his ilk to pay 0...as in zero, nada, zilch, on investments? He's your savior??? The guy who was kicked out of office by a majority of his own colleagues? That guy?? Oh yeah, I'm sure average Americans will follow the old man to Tiffany's any day of the week.
Romney say he love to fire people, Mitt this is time for you to fire those who screw up the paper work. the heat is becoming more hotter. Sir, remember Newt will be asking follow up questions with any missing information and say you are a cheater,loving it.
Spanky must be drinking today. He is apparently trolling the wrong article. This article is about Romney, Apples unethical manufacturing processes were a different article. Oh well, you know, when you are as miserable as most conservatives, it becomes necessary to drown your sorrow once in a while!
Spanky-, nice way to change the subject to something irrelevant and Obama related. That just shows YOU have no argument and know that Romney is just a lying, tax-cheating, millionaire.
Obama/Biden 2012
Let's Restore the Dream!
@Titus, don't you mean that "Newt will screw anything"?
You guys are begining to sound like Liberal "Birthers" looking for something that just isn't there. His Taxes were paid, there was a simple omission on a proceedural document used as part of the candidacy application process - nothing more. As soon as the issue was identified, it was corrected as opposed to stirring the pot for three years before spending $$$$$ tax payers money to fly a personal lawer on a private Jet to Hawaii to deliver a alternate, non-standard birth certificate after the fact. Saying these moneys are a big deal is like saying your average middle class American fogot to mention that their 401K increased in value by $1.00
Give it a rest people - lets stick with the facts and focus on the issues and how we as citizens of this great mess can get out of the mire we've gotten ourselves into. Lets stop voting in dreamers and start voting in doers.
there was a simple omission on a proceedural document used as part of the candidacy application process
Only the Republicans believe that
And who is surprised about him cheating with his taxes? ???? Anybody that can read can probably figure that out. I guess the Republicans that come out here to this place to defend him -and all the others just like him- so passionately, don't mind being robbed blindly every time.
They are willing to give away their savings and lifetime eggnest to these criminals, while they complain all the time about the old people and disabled getting help by the Democrats.
Ironic, isn't it?
[Spanky must be drinking today.]
Dave:
Nahh...Spanky's on a "diet" with "the Mrs." LOL...
...but he can use some new talking points...his old ones are pretty stale by now.
Ain't that right, junior?
Yeah Spanky, you know I'm right...
Strive for adequacy "counselor"...
The words "Swiss bank account" give off a very bad odor. To most Americans, Swiss bank accounts are the places where Third-World dictators stash the money they've stolen from their people. Romney's bucks could be next-door neighbors to the dictators' and drug kingpins' cash.
Sure, all this is just "minor" - and $374,327 in speaking fees is "not much".
Good for Romney...........honest tax payer......
Here's an interesting article from The Atlantic:
amy they don't pay 35% then another 15% there in is investments so there total is around 15% and yes I am middle class and Yes I pay around 25% federal tax. Next just because they pay a few million in taxes they shouldn't get a break on the percentage. I don't blame them for taking any deduction allowed I do.
dave --- i agree with you. poor poor spanks must be having a rough day today.
breadex
Yes. Romney is running for office, for Pete's sake!! He can't have Swiss bank accounts. Or illegal immigrants mowing his lawn.
Hey Feisty Redhead Roselle, IL
If Willard sees two guys wearing black hats and nice suits on his porch, they'll not be from the IRS, but from the Church of Jesus Christ of Latter-day Saints in Salt Lake City, and he'll be WISHING that they were from the IRS.
Willard just cheats on his taxes and tithes, whereas Newt just CHEATS period.
No big deal. Less than $2k for Romney is like us being off with out account by 3 pennies. I don't even like the guy but who cares about this that hasn't already made up their mind?
Hey Orb,
LMAO!
Most excellent observation...
Amy - you're simply repeating a lie that you heard on FAUX News (courtesy of Rupert Murdoch and the Koch Brothers).
Mitt Romney's income has not "already been taxed". See, he (and most other hedge fund and equity managers) don't take ANY of their income as wages (which would be subject to "regular folk" income tax rates as well as Medicare and Social Security taxes). Thanks to a loophole the GOP enacted for them, they can takes their wages as "carried interest". That money is not subject to ANY tax until they pull it out of their company vault, and then it's only taxed at 15%. ONCE,
Try not paying taxes on YOUR paycheck in the year you earned it and see how far you get. Oh, and you'll pay the "regular folk" rate, too.
And what about Romeny setting up a $100 million trust for his five sons? The campaign said the Romneys paid no gift taxes on the trust because they were able to use credits related to estate tax." See, that's the real beauty of having no "death tax" - you can transfer all the wealth you want to your kids by creating "living trusts" and exempting them from taxes as if you had really died! What a deal!
To those imbeciles who can't understand the issues and continue to say "the report says he paid all taxes." What your simple little minds fail to process is that he paid on what he reported! You don't pay taxes on what you don't report - Guess why people had Swiss bank accounts? To NOT REPORT!!
Romney is a wealthy man , no shame, a successful businessman, who make his fortune risking his money and his partners investing in companies that where in bad situations, some of them where too bad some other turn to be excellent investions, Obama did the same with GM the difference is that Obama borrow money from China ans still owe 38 billions of dollars. Kerry has Villas in Italy in the Lago Maggiori and also has Swiss accounts, like most wealthy Americans. However there are other kind of wealthy Americans like Nancy Pelosi who has a factory in Samoa and make exception to pay increase of the minimum wage to their workers, they are greedy liberals who use their power to exploit people and make their fortune.
I can't beleave how many religious bigots among liberals, are they the same group that call racist, homophobic to the other side. Nothing more than hypocrisy.
Poor Mitt. It's so hard to keep his funds straight. All of his rich friends told him about all of these cool deals in the Caymans and Bermuda. But when it is only a net gain of a few thousand here and a few thousand there, why be forced to report all of those little drops in the bucket? It's not fair. And those tough campaign disclosures - you include everything once and you get hung because you didn't declare it earlier. And to be misunderstood as perhaps someone that would prefer little fly by night companies in the Carribean or wherever as opposed to someone who would rather invest in America. That's not him - he's true blue. But he's got to make the best return and get the best tax treatment. Otherwise, if stuck with the Dow and the Nasdaq, his earnings might shrink to as little as 11 or 12 million a year. And that just won't feed the bulldog - least not all of the bulldogs in his four homes. But its his turn to be President, don't you see?
People, people, people.... better check out the rules for blind trusts and why politicians use them. They are literally at the mercy of the fiduciaries that run them, the word "blind" should give you a big hint on how they operate.
To all those who can't understand the issues and continue to say "Obama isn't a Muslim." It's not the going to a Christian Church everyone sees or the Christian ideas he professes. It's all those hours at the Mosque that no one sees - guess why people name their son's Barrack Hussein? Because they are muslim. (Obvious, sarcasm meant to point out how ridiculous UNLV702s post and logic are).
houston, and the swiss provides the IRS with information on what Americans have accounts there. What is your point?
RealAmericanFirst, a little of the pot calling the kettle rusted? Amy is correct that Mitt pays income tax on regular wages. The fact that those wages are an insignificant portion of his overall income does not make that a false statement. And, I think she has valid points. Everyone is out to tar and feather Mitt because he only paid 14.6% on income and capital gains. Well, if he is paying what the tax code dictates, what's wrong with that. It isn't like he's one of the 47% of wage earners who only pay payroll taxes and didn't pay a penny in income taxes last year. In fact, based on statistics, a large number of the posters complaining about Romney paying $6 million in taxes last year didn't pay a dime outside of payroll taxes. That's like a roommate who only pay's for their car insurance complaining because the wealthy roomate isn't paying the entire rent when he can afford to.
zoroaster - Amy's point is that it's SOOO unfair to ask that investment leeches like Mitt pay the same tax rates as average working Joes because (according to Amy) they've ALREADY paid those "average Joe" rates on their money.
As I said, that's just a lie spread by the Heritage Foundation via FAUX News.
Can you tell me exactly what portion of Mitt's income he paid taxes on as "wages"? Little to none.
And he didn't pay ANY payroll taxes, either. Every working man in America did, though.
Spanky - Relevance??? Oh wait - there is none!
no shame, a successful businessman, who make his fortune risking his money and his partners investing in companies that where in bad situations,
WRONG! Taking advantage of companies that needed capital to expand and in need of loans, after that, he would re-sell them. Once they were sold, if the company had the sightliest bump, they had to declare BANKRUPTCY, because they were in such much debt, they were incapable of paying their bills. And they did not even know who they owe the money, while Romney and his investors made many times the original "investment" that they put forth at the beginning.
Also, he would buy small companies that would be considered "competitors" for a fraction of the money -or at minimal cost- Then, he would just close a deal with the COMPETITION and close the original, small company KILLING A SMALL BUSINESS ENTREPRENEUR. this is how your hero works...
Please read about basic economics before you post your comments. They sound ludicrous.
Irespond - One interesting thing to note about how Romney and Bain Capital "helped" those companies is that Bain depleted their pension funds and borrowed against the companies' assets - and then used that money to buy Bain Capital stock.
That boosted the value of Romney's and the other Bain managers' stock accounts, in addition to the millions in fees they paid themselves for "managing" all the leveraging and buyouts. Then they either sold the dry husks of what was left of the companies or sent them into bankruptcy.
Vulture capitalism at its finest.
The Wall Street Journal reports that 22% of companies bought by Bain Capital were in bankruptcy within 8 years.
And a great quote from the LA Times:
I'm less concerned about the taxes paid on his Swiss account and more interested in why he actually opened this account. It seems to me that if you want diversification of your account by adding international currencies, you use your stock broker to purchase mutual funds consisting of the desired currencies, or even the currencies themselves and store them safely away. If Mitt felt that this account was legal, ethical and moral, why the rush to close the account in an attempt to avoid disclosure on the forms required when running for the Presidency?
While we get a glimpse into Mr. Romney's finances, it gives us a view into a world most of us will never see - perhaps 99% of us. Tax rate less than 15% on $42 million earned over two years, taking your income as capital gains in order to do so. Use an off shore account to hide wealth and perhaps dodge taxes. I'm not going to say it is unfair - nothing in life is fair. However, if our great country has allowed you to accumulate this wealth, isn't it appropriate that your contribution back is in line with your wealth? If he was taxed at 30%, would it have really made a difference? I doubt it.
realamerican - the real point is that romney has followed the US tax codes and most FR posters (all tax experts, I am sure) implies that he hasn't. I know this though, I don't have the tax experience of H & R block, but I have to trust them to not make mistakes. I can't fathom an individual tax return of 500 pages either
Romney associate with Bain invest in more than 150 companies, not 100% turn out succesfull but balance was positive with a good success. The intention of the investing wasn't make money from the bankruptcy but reseal companies that succeed under their management. Staple, Domino Pizza, Martess Discouter , Artisan Entertainment are some of their success those companies create thousands of new jobs.
I want to see the comments of those who critisize Romney, what they say about Turbo Tax Cheater Gaithner.
Yes, Romney is a tax cheat, so unlike Timothy Geitner and 36 other of Obama's other staff members. Again any of you who don't ask your accountants to find every available tax deduction available are hypocrites
@ Real American:
So true...Mitt Romney and the other people like him in Wall Street are the problem. How many peope are on food stamps now because of him? Would be interesting to know......
@Amy3
"...according to Mitt Romney's tax return for 2010 he paid MILLIONS of dollars in taxes- do you think Warren Buffets secretary paid that much? No, she didn't so Mitt Romney and Warren Buffet do pay more- point 1."
Amy, dear, if you were paying attention you would have known that President Obama was speaking in terms of tax RATES (i.e. percentages). If you will recall he said that millionaires who make money from investments (capital gains) shouldn't pay a tax rate of less than 30% on those profits (capital incomes are currently taxed at a rate of 15%, BTW). OBVIOUSLY, no one thinks that Warren Buffett's secretary pays more in taxes (as a dollar amount) than her boss does. The president's position (a reasonable one, IMO) is that millionaires and billionaires should not pay taxes at a lower tax RATE than the people who work for them (who clearly make MUCH less), particularly if their income is derived from investments as opposed to earned income (hourly wages, annual salary, etc.). Willard's 2010 tax return indicates that he paid an effective tax RATE of 13.9% on investment income of OVER $20 million dollars, which is ridiculous considering that many families with an annual income of only $50,000 dollars pay taxes at a RATE (percentage) approximately double what Romney paid.
Point 2- Mitt Romney, Warren Buffet, and the like who are paying 15% now have ALREADY PAID 35% IN INCOME TAXES. Now they are paying 15% on the interest or profit earned on their investment money. Basically they are retired and living off the nest egg they were able to work hard to save- isn't that the goal of everyone?
Okay, again you are WAY off on this point. The republiCON talking point you are ATTEMPTING to recite here is actually regarding corporate taxes. The 35% figure that you erroneously refer to as "income taxes" is actually the top corporate tax rate paid by a corporation on its earnings after dividends are paid to the company's investors. Faux Noise and Willard's campaign are claiming that Romney essentially pays 45-50% in taxes on investment income. They argue that the 15% capital gains tax paid on investment earnings actually represents a "double tax" since, prior to being invested, this money was taxed at the top corporate tax rate (30-35%). While this is a clever "spin" on the facts (well, at least clever enough to fool most republiCLOWNS including, apparently, you), this argument doesn't really hold water. Following this line of thinking, a middle class family with an annual income of $100,000 that pays federal income taxes at a rate of 35% (granted, this is extremely rare due to tax deductions/credits, but I am using this for illustrative purposes and ease of calculation), could then say that, in effect, they were taxed at a higher rate (say 45%) when you consider this same income was subject to state and local taxes. This same family could "spin" the numbers to reflect an even larger tax rate (say 51%) if they live in a state that charges sales tax (6% here in Kentucky) on taxable purchases. The point being, these are DIFFERENT taxes just as the 15% capital gains tax is a DIFFERENT tax than the 30-35% corporate tax. President Obama is simply making an argument about the UNFAIRNESS of our current tax code. Consider this: is it FAIR for someone like Willard to pay only 15% federal income tax on UNEARNED (investment) income of $20 million dollars, while an author/entertainer/professional athlete pays 35% federal income tax on the same $20 million dollar income they EARNED from WORKING? The answer: NO. How, then, could it POSSIBLY be FAIR for a secretary working for Mr. Buffett or Willard to pay a MUCH HIGHER tax rate on far less income? The answer: IT ISN'T. That is President Obama's point.
RealAmerciansFirst, I can see how you interpreted Amys post that way, after re reading it, I'm starting to think she may be on the wrong path. Regardless, I found copies of his returns and they are over 100 pages each. Although, through quick browsing, he didn't earn any wages as he is self employed. Over two years he earned somewhere around $600,000 through self employment. I am probably misreading, but, it looks like he is only paying 13.5% on that.
I don't quite understand the "double taxation" argument. If I loan money to you, you get taxed on wages you earn and then pay me interest which I pay a higher tax rate on. Investing isn't all that different. I'm loaning a company money, they pay taxes on the money they earn, then for some reason we make an exception and say the money is already taxed and needs to be taxed at a lower rate. The reality is that the Warren Buffets of the world don't become super rich sticking $2-10 million dollar salaries under their bed. And, even at 20%, an S&P average return would still beat out putting your money in a savings account or CD. Finally, these investment bankers listing money earned as capital gains is ridiculous.
With that said, we still have that 47% not paying any income tax. Historically, that rate has been around 29%. those 29% historically have had such low wages, it doesn't make sense to tax them. today's 47% isn't because people are unemployed, it's the Bush tax cuts. We need to repeal them across the board and make sure we as a nation all pay what Obama is disingenuously referring to as "fair share". Then we need to cut back on wasted spending.
OleBudo3, although Buffet's secretary probably does pay a higher tax rate than Romney, most Americans don't. Money magazine quoted 80% of Americans at a lower rate than Romney. The family making $50,000 probably doesn't pay any income tax. And, as a pre emptive strike, pointing out payroll taxes is a dead argument since that is money those families should expect to be paid back to them through social security and medicare payments. So, yes, Romney needs to pay a heck of a lot higher tax rate, but, then so do a good 18%+ of Americans making under $100,000.
I'm starting to see what Amy's talking about.
Mitt paid 13.9 percent of his TOTAL INCOME in federal income tax (plus another 0.01% in Social Security and Medicare taxes).
That means Mitt Romney paid 35% plus 15% in taxes at the federal level, or 50%, not the 13.9% that he reported to the government.
The rest of us paid something on the order of 15% in federal income tax plus another 15.6% in Social Security and Medicare taxes.
That means we are in the 50% of all Americans who pay no taxes whatsoever.
Go ahead, Amy, tell us why every man, woman, and child in America should pay a flat $50,000 a year in taxes apiece so that Mitt Romney's kids, who banked a cool $100 MILLION should skate without paying a DIME in taxes.
commonsense-not! The average taxpayer does not pay 15% in federal income taxes since 47% of filers pay none!! You do not pay 25.6% in SS and Medicare taxes. I believe you pay 6.2% for SS (the employer pays the other 6.2%) and about 2.5% in Medicare taxes. And remember Medicare taxes apply to ALL earned income (no cap) and now due to Obamacare it will apply to some unearned income. Get your facts straight. I know! You hurt your arguement when you use facts!!!
correction 15.6% not 25.6%
TES
Self-employed people DO pay the higher "combined" social security and medicare tax.
The reason the bottom, and I really don't care at this point whatever percent you pull out of your arse, don't pay "enough" in taxes, is because they are NOT paid enough in the first place.
Wages for the past 15 years have NOT gone up proportionally the same as corporate, business owners' income. If compensation for that 47% had gone up even just a little less than your income, maybe, just maybe there wouldn't be an economic mess and maybe, just maybe, a larger percentage of that 47% would be subject to tax thereby reducing your so called burden on the 2%.
Quote from Minneapolis Star Tribune November 3, 2006 Kevin G. Hall article. "Between 2000 and 2005, workers with four-year college degrees saw their wages fall 3.1 percent, adjusted for inflation. Only two groups, which together make up just 3.4 percent of the workforce, saw inflation adjusted wages rise. They were workers with doctoral degrees or specialty degrees, such as medicine or law, according to the US Census Bureau."
Minimum wage increase is not the answer but a higher tax rate for businesses WITH a credit back on how well they take care of their bottom 1/2 of employees, determined by compensation, thereby reducing the "effective" rate. If you pay as well as you say you do, you would probably get a credit while companies like Wal-mart pay more and reduce your and my burden. See, that's the whole point here, get those that do not provide well enough to pay more in taxes so you and I don't have to.
My mother talks of her father in Germany taking a wheel barrow full of marks down to the local grocery store to buy their groceries because of the economic collapse in Germany at the time. I don't want a revolution but when you, the 1% arrogantly think you deserve better rates, better things in life just because you think you earned it, not your workers providing for you, then the 1% in the past have been taken out by revolutions. Please learn and change your ways, like Moses warned Pharaoh.
JayCFO, have to disagree with you. Given your argument, we would expect somewhere in the low 30% range wouldn't pay income taxes. Not 47%.
I also think minimum wage increases are still in order after 12 years of remaining stagnant. The traditional argument is that a minimum wage increase results in an increase in wages up the food chain, but, we are seeing that without the minimum wage increase. After a rather significant increase by the Democratic controlled house (one of the few things they actually did right), we aren't seeing the a jump in inflation attributable to that minimum wage increase either - even with a 2% prime lending rate. Only concern that may hold true is that the small business bordering on shutting down may be pushed over the edge by trying to meet those wage increases. Regardless, we need to tax the rich more, but, we shouldn't do that without recognizing that many in the bottom half - and many of those calling for higher taxes on the rich - are getting a free ride right now due to the Bush tax cuts.
Jay You are stalking me again with your bulls###!! I was rebutting commonsense who said the "rest of us paid 15.6%" in combined SS and Medicare tax. This is false and you know it! Most people like commonsense are not self employed and only pay the 6.2% SS tax and Medicare tax (not near 15.6%).
zoroaster How dare you point out the fact that those evil Bush tax cuts (you know, those tax breaks for the wealthy") benefited anyone other than the wealthy!!?? Even though the nonwealthy benefited the most, every Dem plan aimed at raising revenue wants to remove the tax breaks (but only for the wealthy) Do you know why?? Because it sounds good to the other 98% ie buys votes by fomenting class warfare!!
Mitt, YOU are not fit to lead.
How can you say that? Does anybody even know who this guy is? Or what he stands for?
Even he does not
Romney may not be fit to lead. But tomorrow he will be. Then next week he won't be again.
Even if you knew what he was for, but the time you typed it out it will have changed.
Does anyone know who Mitt is? Does Mitt even know who Mitt is? He is a different person everytime he opens his mouth.
Obama is proving my grandmother's maid correct, "anyone can grow up to be President of the US"
Maybe he stands for getting rid of the Bush tax cuts and then signs them, or maybe he stands for closing Guantanamo before he leaves it open. Just possibly he stands against the Patriot act before he renews it and then signs defense bill taking away more rights from citizens. All politicians change depending on the mood of the people because their job is to represent the citizens of their state or country.
LMAO... " multi-million dollar Swiss bank account that was not disclosed last year " he closed that Swiss bank account and reason why..the Feds did a crack down on those Swiss accounts and the banks there warned their account holders, they all closed those accounts in a blink of the eye..ALL should be arrested for TAX EVASION!!!!
The Feds had a list that they were suppose to show the public who those Swiss bank account holders were and they stated most are very well known Americans.
No, that's why we elect congress and the senate for our voice. The president can give his opinion but can not make it happen
After he got out in front of America and stated that he closed these accounts when he started looking at seeking the Presidency (how ironic, all the time before didn't matter). Now the truth comes to light. Not only did he lie to America, he lied to the Office of Government Ethics. Oops, looks like he's just like Gingrich, a liar that will do whatever he has to to pad his own bank account or whatever he wants regardless of the laws of America. If you are seeking the highest political office in this nation, you should at least have your ducks in order for the past 5 years or so, because everything will come out. Each others party will be spending in excess of $500 million to bash the other parties candidate, don't you think this will come up? If you ask me, this in itself should prove to everyone he's not fit to lead this nation!!!!!!!!!!!!! When will America grow smart enough not to let these people near Washington? All they care about is what's in it for them! Mike 277 you are 100% correct, it is tax evasion and that's exactly the thing that took down Al Capone. Hmmmm, just another crook I see. If only we could get some people in Washington who really care about the welfare of this nation and the whole of the people, we just might grow to be the nation that others grew to fear financially, in military strength, and in the rights of it's people.
WWW FREEDOMISNTFREE2012 COM
Sure, all this is just "minor" - and $374,327 in speaking fees is "not much".
Damm, Romney is one GREEDY SOB.
He is absolutely what we need at this point!! If we don't get some one in office that knows how to turn and economy around then America as we know it is history!!!! And by the way....WHERE IN THE WORLD IS BUFFETS MONEY??????
Mitt Zombie stands for money
Buck Naked - you should have realized that after Bush got in - twice!
John Williams
And just how much of your income did you give to charity?
Salute
USAF 1962-66
It was more like a tithe to the Mormon church, it just counts as a charity. Also he gave MORE to the Church than he paid in taxes.
He doesn't stand for ANYTHING, except more money for rich folks at the expense of everyone else in America.
Kind of like Robin Hood, only in reverse.
commonsense-not! He seems like a very greedy person since he gave away more than you will EARN in several lifetimes!!
to deal with some other minor issues...
Um, I would love this guy to tell us what he considers "minor."
Given Romney considers 350 K in speakers fees to be not much, minor could mean something other than the typical definition.
Minor, you know nisl - like the fact that 36 of Obama's own WH staff owe $833,970 in back taxes.
Kinda odd since they are all employed by President "fair share."
Of course that is 'minor' given that federal employees owe $3.4 billion in back taxes, right?
mitt has flipped flopped on that now too.
the figure is more like $480,000- which he calls not much????????
what a spoiled rich arrogant dog abuser Romney is
Ohhh...The "Spanky deflector ray" is trained on another topic!...
Don't look here!...look over there instead...lol
Enjoy the coctkail party while it lasts...
-------------------------------------------------------------------------------------------------
TAMPA, Fla. — As the Republican race moves to a state defined by the extremes in recession-era America — where the underwater and unemployed live just a few miles from the 1 percent — a sharp class divide is emerging between the two top contenders.
Mitt Romney’s crowds look like something out of the president’s suite at a University of Florida football game — prosperous, trim, Tattersall-clad, and supportive but not rowdy.
Newt Gingrich supporters, with their spray-painted signs, American flag tees, flip-flops and fanny packs, more closely resemble a group that would fit in nicely playing a few bucks at the dog track.
It’s the Tea Party and the cocktail party.
http://dyn.politico.com/printstory.cfm?uuid=AC7D3B54-3A1A-4401-9CBA-87DAB16C3C15
Spanky has read the Limbaugh talking points for the day....hurry everyone DEFLECT!!!
"36 of Obama's own WH staff owe $833,970 in back taxes."
Prove it or shut up and do not post a blog
I've been trying to ignore wingnut posters asking and/or saying inane things in an effort to change the subject. I'm going to keep doing so because it really annoys them and saves me time.
what a spoiled rich arrogant dog abuser Romney is
LOL! I think the funniest thing I heard about the Santorum victory over Romney in the Iowa race was, "...so man on dog beat dog on car?"
dangerfield,
That article perfectly describes the area I live in. One block a 2 million dollar home, the next a doublewide. Welcome to NE Florida.
I can't be off topic today?
Alabama primary is on Tuesday, March 13, 2012
and Elisabeth Hauptmann needs to be quoted ... I'll wait ... dutifully
AP?
You got that wrong TWICE!...Rush supports Newton, and Spanky is a Romney man by all indications...
http://www.rushlimbaugh.com/daily/2012/01/26/coordinated_avalanche_against_newt_doesn_t_match_my_memory_of_reagan_years
@ Danger you know most of the time I agree with you but you are wrong on this. The only thing Spanky is trying to do is point out that posters on this blog focus like a laser on the other sides flaw while soundly denying or ignoring their own. Why isn't the fact that White House staffers owe back taxes a pertinent issue especially when the hot topic is who is paying taxes, who owes more and who pays too little. I would say the posters on here on the ones who are trying to "deflect" ANY conversation that might make their party look bad. My feeling is put all the dirty laundry on the table.
Calls for a value judgment, obviously.
In MY judgment, whatever the "federal employees owe" pales in comparison with what Willard avoided paying with his "tax expenditures" and write-offs and under-reporting. Don't you agree Spanky?
Willard's the one running for president, so lets stay focused people. don't try to change to subject will deal with the others who owe taxes in the comment section of article about them..haha
Hell lot of folks owe back taxes.. But they're not running for the highest office in the land, either.
KSW-
#1-Moral equivalence is the refuge of those who carry the double standard, that's why. You tend to your own back yard before you criticize you neighbor or you have zero credibility...
#2-If this was the GENERAL ELECTION, the unattributed, accusations against UNNAMED individuals might be pertinent, but in this PRIMARY election, it has no relevance whatsoever...
I hope that answers your question...
You seem to know many things about Romney's taxes. Just how much more does he own over and above what he's actually paid? And federal employees owe $3.4 billion dollars in taxes. Do you think Romney avoided paying that much in taxes, seeing he's not worth anywhere near that amount?
What is interesting to me is that the candidate and campaign were so flat-footed about the tax return disclosure yet apparently some had been planning for it since 2010:
Malt said he opened up the Swiss bank account, holdings in which are valued at between $1 million and $5 million, in 2003 on behalf the Ann Romney trust in order to provide “international currency diversification” for the trust's holdings. He then shut it down in early 2010, he said, and transferred the assets to the United States, noting that Romney was preparing to run for president at the time and he did not want to have it become an issue in the presidential campaign.
“I was worried that people would write stories not understanding this,” said Malt, who administers the blind trust on behalf of the Romneys.
Kind of reminds me of how Romney said he couldn't hire any undocumented workers because "he was running for President, for pete's sake." Not because it would be against the law or wrong, mind you.
A Mitt fan?
Nope.
Come on danger - I'm easy. Anyone But Obama.
Mitt is Obama, just like Obama is Bush. A clean line of the same policies, with little deviation.
Newt is at least fun.
I support whoever is running against Obama once we get there.
Oh and I'm all for everyone paying what they owe. Too bad so many don't do it.
Dangerfield: no you've got it wrong...Rush will support Newt only until Newt drops out (as soon as he gets north of the Mason/Dixon line) and then he will remake Romney as the REAL conservative in the race. Spanky is always on the extremist, knee jerk, 'anyone but Obama' end of her party...All Republican roads at the moment lead to Mr. Romney.
I did not say anything about moral equivalency. That would be like all the crowing about Obama got Osama was good but the death penalty is bad argument. What I said is get all the dirty laundry on the table so everyone can make their own judgement. The tit for tat on just about every single topic goes on every day on this blog by both sides. Please point me to where you slammed someone from the right on this and I will give more credence to your response and will gladly and humbly apologize.
Do any of you understand what the term "blind trust"- as in Ann Romney Blind Trust- means?
Good lord, do you stretch.
And, dangerfield, dear- Spanky bringing up the back taxes owed by the staff of Mr. Fair Share is not just legitimate- it is a public service.
You see any of the "professional journalists" mentioning it? It's the kind of thing that would create something of a uproar, were it generally known- which is the point of keeping it on the down low, don't you think?
Do, please, keep trying to convince us you don't have a dog in this race. It's actually getting pretty comical.
Ah, JAS1:
Approx. 20% MORE of his $58,000.00 per day income, which amounts to around (ballpark) 4.3 MILLION due the United States.
Curious... isn't that about the amount he claims to have donated to the Mormon Church?
Any more questions?
Next meeting Obama has with his White House staff, maybe Obama can remind them to pay their taxes, you know, because it's the right thing to do. Because sooner or later the media might just start snooping around and asking questions, just as soon they get done with the important business of interviewing Newts ex's.
You know this how again? Does the IRS know he owes this? Does Nancy Pelosi, John Kerry, Jay Rockefeller, Dianne Feinstein, and Warren Buffett's secretary know they owe this?
Or are you just projecting, because 15% is the rate for Cap Gains taxes, for everyone.
phine, palm valley st johns county?
... and NoJo and Spanky spike the tea with- "And federal employees owe $3.4 billion dollars in taxes." All Obama hires I presume. People are late with their taxes for many reasons.
ps .... thanks for the poem NoJo ... it was ... ah well, stick to what you do best.
Who said $3.4 billion? Not we.
By the way,"proof seekers", here you go
http://www.politico.com/politico44/2012/01/white-house-staffers-owe-more-than-in-back-taxes-112412.html
It's too bad so few of the Obama cult members read anything other than this, media matters, and other "church" sites.
You might actually begin to get a clue on what a little tin god you worship.
Buck,
I'm in St. Aug Beach. But it does describe Duval county. (And a lot of St. Johns, think World Golf Village area)
Oh, and nojo, I worship in a Catholic church. My big guy doesn't like being called a little tin god. He just might smite you for that!
JoJo aka NoJo ... I actually went to some of the other sites, One of them referred to an Obama as Dem. from Kenya.
KS-
Do you understand what moral equivalence is? your example indicates that the concept eludes you.
Moral equivalence is a term used in political debate, usually to criticize any denial that a moral hierarchy can be assessed of two sides in a conflict, or in the actions or tactics of two sides. The term originates from a 1906 address by William James entitled The Moral Equivalent of War, subsequently published in essay form in 1910.[1]
http://en.wikipedia.org/wiki/Moral_equivalence
-----------------------------------------------------------------------
It's like, your guys sins are worse than my guys sins....
I have cited both sides, especially in the realms of corruption and sex scandals on more occasions than I can remember, but feel free to look at my posts on the WEINER affair as I am sure that I excoriated everyone on that one...
Mitt is still an honest tax payer......good for Mitt......he would know how to tackle our debt better than most.....
st aug beach does not have trailers on it. maybe a few blocks off, but beach front is prime real estate.
jas1 asks:
I read and listen to a lot of sources other than Rupert Murdoch and Rush Limbaugh.
You should try it.
dangerfield,
As my dear grandmother would say "Two wrongs don't make a right" (He might understand that better).
And if anyone questions whether or not you only take one side to task, I will gladly assist in clearing the matter up!
Buck,
Just go across the street from the beach, one block, and you will see some of the most beat up old mobile homes in the world (or shantys for that matter) Or go to Mandarin. One block nice homes, the next dumps. I've been here all my life, I know the area.
Yes thank you very much I do understand what moral equivalency is. From your own Wikipedia source it also states "The purveyors of the device usually start by believing their side is morally superior. They use history, possibly selectively, to cast the situation as a big-picture struggle against an evil power." That explains in a nutshell what goes on with 90% of the posts on this blog on every topic.
I still think getting all the true facts, positive or negative out whether it is relevant to the current thread or not gives you better information to form your own opinion.
My apologies, I tried to stay far away from Weinergate.
Spanky-
You know what they say about "undecideds" right? And we both know you're smarter than that....
NoJoe-
Your bitterness towards everyone has now extended to me, or maybe I just wasn't paying attention any more, but you are wrong as usual, and nobody's Kreskin...;)
Care to reference one or two of those sources that state Romney legally owes 20% more taxes than he has paid?
dangerfield,
Kreskin? I haven't thought of him in years! Wonderful! (much better than the cat analogies I was stuck on most of the day).
Bitterness toward "everybody"?
Cute.
First, I'm not "bitter".
I'm damned mad. Mad at what has been done to my country by and for an inept, incompetent narcissist.
Mad at the media, for abdicating their Constitutionally enshrined responsibility to report in a clear, unbiased manner.
Say what you will about Bush- I certainly said plenty- there was no question of his having a lapdog media.
Think Bush appointees could get away with owing almost a million in back taxes?
Heck, do you think CLINTON could get off scott free?
You know the answer.
JoAnna, YOU ARE TROLLING!
Stop it.
Get away from Fox Murdoch and Bush Limbaugh and you will not be compelled to ask such idiotic questions.
Promise!~
Newt is a fartfacedphiladeringliarandcheat. The only federal office he should ever be occupying is a gray penitentiary cell
I've asked you a simple question. Where are your sources that say Romney did not pay his full amount of taxes?
Good for you learned one. Care to share what sources answer the above question?
But lets be real, if only for a moment Stups. You don't have a source, at least not a legitimate one. You're just bs-ing us, making up some false claims, a little innuendo, maybe even a lie or two.
So you're full of it.
I wonder if this story will make the Nightly News, or any of the major news networks. It would be interesting, but I am not holding my breath.
I will say this, Mitt certainly likes his tax shelters. Lets see....Switzerland, the Cayman Islands, Bermuda, and Ireland. Could this list be any more of a stereotype for the 1%?
It's a topic for the general election (or would be if the first part doesn't change and the 2nd part is actually true) and also doesn't change. whew! That's a lot!) but has little pertinence when Gov. Romney is nothing but a seeker of the nomination...that''s why contrast and compare is not in order here...
He isn't running against the President or for the White House now, so save it for the General Election, if Romney is the nominee...
here you go breadex. Obama's staff are cheating on their taxes to the tune of more than 800 thousand. Look it up. And lets not forget tax cheat Gietner that Obama supported and gave the treasury to.
dumbascrap: "Today, the Romney campaign aknowledged it would amend...." dumbascrap: "LOOK SQUIRREL!!!!!!
dangerfield,
I stand by my earlier comment, after reading the posts here, and some of the other threads, I do believe hushpuppies and Ideology's Spanky grits are on tonight's supper menu. :)
No Joe: that's frickin hilarious: Obama having a "lap dog media"???? Only in your perverted mind do you think he's skating through...This would be the SAME media that actually gave credence to the "Kenyan" thing? The same media who ridiculously covered Trump's fake birth certificate nonsense??? Oh yea, free ride.let me guess...FOX is your sole source of "media")???
You wouldn't know an independent media if it bit you.
Phine-
On tonight's "debate supper" menu...
You can watch (if you dare!) on your new American Made chair!
Ksw..
The part you cited IS my point and the basis for my critique..
dangerfield,
And it is a VERY comfortable chair. (Mr. phinephancy has his old recliner he refuses to part with).
* International & off-shore accounts are people too ... my friends *
easy I live in Mandarin
Frankly I don't care about any of this. It's all business and it's all legal and it's all capitalism. Corporations are cut-throat. Everyone knows this or should know this.
Now can we stop the "hate him because he's so rich" mantra now and get on with some serious issues.
Gingrich's character issues with his wives and children seem much more pertinent to me for somebody who's gonna be the leader of the free world. Why aren't we digging into all that stuff?? And what about Blingrich's lobbying and misusing the taxpayer's money??? Huh, huh????
Dangerfield, yep save it for the nominee. We will see how obama answers to his policy idea shortcomings.
I wonder what excuses his minions will cry out with when they realize that obama is channeling reagans "trickle down" economics.
Can hardly wait to look over his FY2013 budget ideas...
AP -
Your posting on First Read. How many lap dogs do you know that will say anything bad about their favorites, yet have no problem attacking their favorites antagonists.
Ah, dangerfield. Never worry- you and I are too much alike to ever part enemies.
We're much more condescending than most of the posters on this board, (except Spanky- he's got that common touch that neither of us can master), because we know that most of them don't THINK.
They feel.
They BELIEVE.
We don't.
What has happened to the rest of our little group? Mixed Bag disappeared. I've looked to other sites. I've emailed. Can't find him.
Expedite Dragon went off the deep end.
That leaves the two of us- but you have chosen the course of being antagonistic toward everyone but the multiple poster- and I have stated, truthfully, who and why I am supporting.
By the way,you and I know why the topic of unpaid taxes is germane today. Nice try at deflection.
Spanky's right.
Danger And your criticism of my analogy? My point was Democrats thought Obama was Superman because he got Osama but Republicans who support the death penalty are brutish caveman. Hence the hypocrisy that goes on this blog everyday. Both sides try to have moral equivalents.
RWNJ TROLL JOANNASMITH1 posted:
Seems she is unable to kick her RNC/TEA addiction to spin and mis-information.
Asking simple questions and demanding answers? Well allow me the identical benefit.
How much money did Willard make ? Need a hint?
Now, joanna, what is the top tax rate? Need the answer? 35% - no, I won't cite my source; it is general knowledge that even the "taxes for dummies" know, so YOU can look it up.
What rate did willard admit that he paid? Need a clue? Try just over 13% In case you can not grasp this, that leaves 23% of what he made that wasn't paid!!
Now, unless you are also unable to calculate math problems as well as think, what is 23% (that he got OUT of paying) of the amount he made?????? Huh genius??? Are you able to do the math?????? Do you need some additional sources cited that will help you with this problem??????
Are you still going to disput the facts joanna????? TROLL!!!
You are BUSTED!
And just for your additional edification, your attempted reflection does not work; it is too simple. Every reader of this particular vine now knows without doubt that ... (are you ready?)
YOU, JoAnnaSmith1 ARE TRULY THE ONE WHO IS FULL OF IT.
P.S. If this does not satisfy your burning curiosity for sources, I advise you hire a tutor and attempt to learn how to think.
troll
man give it up, first his CPA prepared his tax return. If the IRS has a problem with the return audit his return. Finally, there are different rates for different types of revenue/income.
Spanky can never comment on the discussion at hand, Romney and his wealth, spankster goes in to attack mode, dodge and weave, these are not the droids you are looking for! LMAO
Spanky angry!!!!!! SPANKY SMASH!
@Ruken -- that was hilarious!
Spanky's favorite pastime:
dodge, duck, dip, dive and dodge!
He's quite the philosiphizer, that Spanky...
hummbird - the subject at hand was romney and taxes. when posters start questioning legalities and sources, the door automatically opens up to include other politicians. It would be hypocritical to ignore the other side.
Regardless, like the article says...
Where is the IRS ruling on this not being true. BTW - better read up on blind trusts as well.
Uh- this will raise a lot more questions than it answers--- its only being amended NOW that he has to make them public?? the timing is sort of fishy, isn't it
Anyone in office is a bit shifty in one way or another its only time till it comes out in the wash !
We need to just grab a man off the street and say YO - YOUR PRESIDENT AND LIKE IT !
We grabbed a man off the street in 2008, and elected him. Man, isn't that working out great!
That sound your hear is the sound of a campaign coming to an end. I'm no republican strategist, but revealing the truth about his returns has to be worse than keeping them secret. He earns $57,000 a day, doesn't do a second of what most American's would call work, and dodges a reasonable level of taxation using loopholes and offshore accounts. How could his campaign managers think this had the better risk calculation?
That makes him one of the many Republican GODS!
Do you judge all retirees this harshly or just ones that you feel have made too much money?
I love how you say he does no work- I would think that most people who worked hard and are able to retire off what they made or saved would say that they earned their retirement.
As for "dodges a reasonable level of taxation"- seriously?! Did you read the article? The article and everyone else who has looked at his taxes have all said that he pays all of his taxes. Americans have to pay taxes on all of their money regardless of where we put it- only in Europe could they hide money and avoid paying taxes on it. He ran for office against a Kennedy- if there was a problem with him not paying his taxes we would have heard about this way before now.
Mitt Romeny was in business for over 20 years and you hear nothing about any ethical problems or negative words about how he was in the business world during that time. He managed to bring the Olympics from a negative to a positive and they made a profit on it and then he donated his salary to local charity. He was the Governor of a democratic state and managed to take a state that was deep in the red and leave it in the positive with a large rainy day fund.
Newt Gingrich was the speaker for 4 years and a politician or history professor his entire life and in the 4 years as speaker he had 84 ethic allegations lodged against him, caused the worse election loss of seats in 64 years by a party that didn't control the white house, lectured on family values while he was having an affair, was involved in the house banking scandal of 1992 when he bounced over 20 checks, and the list goes on and on.
I don't get why people think Newt would be the better candidate...
My post was about public perception in an election year. While only a few are actually Occupying anything, most are concerned about increasing income inequality in the US. Gov. Romney pays an effective tax rate of 15% by using something that most would call a loophole (carry over interest). If he was paying closer to 35%, perhaps it would be much less of an issue. The country still hates bankers. The country still hates people that use clever accounting available only to the wealthy. I think his candidacy comes at an awkward time given the views of most about the haves and have-nots. Releasing his tax returns now is more awkward than a fart in an elevator. Less well-off evangelicals were just getting to the point of overlooking his Mormonism.
Nothing in my previous post was meant as an endorsement for Newt Gingrich. I think both men must feel like a false choice for Republican voters.
Amy - Actually you haven't been paying attention, there was plenty brought out about Bain Capital - actually one of your other guys termed the phrase "Vulture Capitalism" Bain Capital was formed to make money - period - not to make jobs *
Bain in 1988 put $5 million down to buy Stage Stores, and in the mid-'90s took
it public, collecting $100 million from stock offerings. Stage filed for
bankruptcy in 2000.
* Bain in 1992 bought American Pad & Paper (AMPAD), investing $5 million,
and collected $100 million from dividends. The business filed for bankruptcy in
2000.
* Bain in 1993 invested $60 million when buying GS Industries, and received $65
million from dividends. GS filed for bankruptcy in 2001.
* Bain in 1997 invested $46 million when buying Details, and made $93 million
from stock offerings. The company filed for bankruptcy in 2003.
Romney's Bain invested 22 percent of the money it raised from 1987-95 in these
five businesses, making a $578 million profit.
Ans as far as the Salt Lake City Olympics goes - Romney was called in after all the scandal broke to give a "Mormon Face" to it - he did not stay long and left before the Olympics ended - and in the end these Olympics cost the Federal Government $ 1.3 Billion dollars 4 times the amount of any former Olympics held on American soil
Amy3-
1) What has piqued everyone's interest with regard to Romney's returns is not any wrongdoing, it's the fact that the law ALLOWS millionaires to pay a lower rate than their maid. We've just gotten a peek behind the curtain and, for republicans, this is a disaster. For years they have run on the idea that "job creator" millionaires are terribly overburdened by taxes, and now it turns out that it is the people who work for those "job creators" who are the ones who pay all the taxes while the millionaires pay a rate lower than a guy who flips burgers at "Burger King." No wonder we are $15 trillion in the hole. The Republicans have been lying all along.
2) No one thinks Gingrich would be a better candidate. Both of these leading republicans are mortally wounded, and because the republican party is in such disarray, no legitimate candidate in his right mind will run.
"Anybody but Obama" might sound like a nice slogan, but in the end, people have to vote FOR somebody, and they aren't going to vote for either of these guys. Which is just as well. If this is the best the republicans can do when they manage their own affairs, they are in no frame of mind to be running the entire country.
If i could retire and invest money, give to charity, pay my taxes and still have a life, with the same spouse for over 40 years, you better believe i would do the same thing Mitt does. hire a third party to handle finances and not worry about it. The majority of people that are complaining would do the same, but i bet at least half of them wouldn't pay their fair share. It would probably be hidden away and no one would ever find out about it. Give away anything to others would not be in their interest.
Barbra - nice numbers, but you haven't connected the dots on these businesses and their reasons for filing bankruptcy. A lot of businesses had a big runnup in value during the 90's boom and IPO's were rampant, then came the the dot com crash and recession.
Buy many buggy whips lately?
And all of it is legal fo far. What do you have against obeying the law?
Forget defending the RICH and Envy TOO much baggage now for Mitt he is toast. Class warfare defense is gone. Newt -2012 OMG!
You want to talk about baggage? Newt Gingrich has so much baggage he has to use Calista's closet as well as his own.
Mitt's baggage- he is successful. He made lots of money and he pays all of his taxes. STOP THE PRESSES!!I guess we would hate to have a successful President. He is mormon- seriously?! Gingrich is the one with 3 wives but the mormon concerns you? I guess for a christian an adulterous, immoral, unethical, career politician, currently catholic is such a better choice cause nothing says christian values like Newt.
Newt's baggage- 84 ethic violations (READ THE ONLINE REPORT), involved in house banking scandal (bounced over 20 checks), on his 3rd marriage and 2nd or 3rd religion as well, great statements such as "I was so patriotic and loved my country so much that I worked so hard and that is why I cheated", flip flops on issues from Libya to healthcare to social security to immigration to regulations, his leadership led to the worst loss of seats in 64 years by a party not in control of the white house, we could go on and on and believe me this fall the democrats will.
Amy3
I thought this was a Mitt topic not all the others in the beat the black guy race!! I could do a page on each!
disclosure form is now being amended with the government ethics office “to address this minor discrepancy” and “to deal with some other minor issues.”
rofl it sucks when you get caught lieing lol
dont tell me he forgot!!!!
just another bozo the politician
only worried about themselves and how much money they can accumulate
sadsadsad
For Romney it must really suck to be rich....all these vultures looking for road kill. I think he should take his millions of dollars and put it in a big vault where no bank can loan out his investment money to anyone trying to get a refinanced mortgage.
no tracy, thats not what we are saying at all. just pay the same amount of taxes on the money you make, as I make. Thats it. Anything else is just the right trying to claim its classwar fair and that we are envious. I have yet to hear a good explantion from ANYONE as to why investment income should pay less taxes. Tracy, please tell me why
"no tracy, thats not what we are saying at all. just pay the same amount of taxes on the money you make, as I make. Thats it."
I knew that was comming....read......
http://money.cnn.com/2012/01/18/news/economy/Romney_effective_tax_rate/index.htm?iid=EL
Tracy: All candidates are rich compared to average Americans. That's not the point and that's why your side has so badly misjudged this race. It's not about class warfare...it's about fairness. The tax code wasn't written into the constitution...it's evolved...and it's evolved in a way that is hugely burdensome on average working people for the benefit of those at the very top of the scale. The reason, remember, was supposedly that what benefitted the very rich would eventually "trickle down", that all of that wealth would create jobs. Now here's a prime example of what most Americans can clearly see, even if you are blind to it. Romney created great wealth...for HIMSELF...jobs were not the point and never were supposed to be the point of Bain. The Republican party has shown their genius for snatching defeat out of the jaws of victory. Field the weakest group of wealthy, white, insider politicians imaginable, running on destroying each other, fielding no new ideas and court the traditional elements of your party (extremists, racists, and haters.) Gee....wonder what's going to happen.
AP 14144066......wasn't Cain rich too? Hell, I would have voted for him.
Yes, he is...(rich)...but maybe there's a difference in being trickled down on by bad pizza.........
@ AP-1414066
"it's about fairness"
Explain fainess consideirng I just pointed out the 80% of American workers are paying an effective tax rate just below what Romney is paying.
"The tax code wasn't written into the constitution...it's evolved...and it's evolved in a way that is hugely burdensome on average working people for the benefit of those at the very top of the scale"
I agree which is why most conservatives are for overhauling and simplfing the tax code and liberals like Obama are for just raising taxes on wealthy.
"Romney created great wealth...for HIMSELF...jobs were not the point and never were supposed to be the point of Bain."
Oh, so the intentions are the important part here nevermind the millions of net jobs created by helping companies like Staple and Burger King become so sucessful. That's absolutely brilliant!!
"...and court the traditional elements of your party (extremists, racists, and haters.)"
The extremists, closet racists and haters are very much embeded in your party as well so don't even go there with that BS.
you don't understand how taxes work apparently. when you have a pay check you pay taxes at the same rate as everyone; when you have a savings account or investment you pay a tax on the interest--so you are paying taxes twice on your money. this means if you pay 35% on you pay and then pay 15% on your interest you are really paying 50% on your money. if you take all your deductions on your income tax then you aren't paying that 35% either. so if you want to pay more then go ahead and don't take your deductions, as for me i am tired of all the idiots no knowing the way taxes really work.
Yikes Shila -
When you "pay taxes on interest", you aren't paying "taxes twice" because the interest is NEW income. Just like a paycheck at work or income from your eBay business. You would only be paying "taxes twice" if you were taxed on the principal investment - which you are not. You are only charged Capital Gains taxes (15%) on new money earned from the investment, not the investment itself.
I wish people understood how taxes really work...
Its funny how theres never anything on here about obama .... unemployment went up back up 21,000 new claims, dec was the worst month for housing and last year was the worst in 3 years cutting defense more jobs lost and puts us in harms way said no to the pipeline more jobs lost and the way they lie i created 3 million jobs last year but how many were lost ??? also he cant count the jobs in north dokota because if the oil wasnt on private land he would have killed that to. He talks about green jobs but half of those already in place before he came into office ........... so whats the truth ????? also he says buffets secretary pays more taxes then buffet .... well she isnt making 50,000 a year more like 250,000 thats why .
kevin ---- i believe the topic is mitts finances. maybe you're on the wrong page or just plain confused.
KEVIN: Any chance you could address the topic at hand??? Evidently you just want to go off on your daily rant. You hate Obama, we get it. Now try adding something new to the discussion. This article is about Willard an unpatriotic tax dodger he is. If the truth hurts too much, move along somewhere else of the vine.
Seed it Kevin, who's stopping you.
So it's OK for a billionaire to pay a lower rate than someone who makes 250k that makes sense NOT
My head hurts from reading your rant.
The Mittster did not need to place money in Switzerland to obtain "international currency diversification". Something else is going here and it probably relates to tax evasion in one form or another.
and how does an return of $1,783 in interest on an initial investment of between one to five million dollars make any sense?
You can buy foreign currency at most large banks in the USA and not hide your money in a numbered Swiss account.
This sounds like it should be looked at by the IRS a little further
Better yet, why not educate yourselves on blind trusts...
I believe Romey is too rich to become our president.
He can't and doesn't understand deeply what the unemployed and those that are stretched out living from day to day on a merger fixed income.
He should he says he likes to fire people and he is one of the claimed to be job creators figure that one out.
"I believe Romey is too rich to become our president."
So you would vote for person of middle class education and ambition? I would never vote for a run of mill working stiff to be president simply because he "understands the plight of the common man". They know absolutely nothing about the way the economy works and how to help solve economic problems....which is one of the main reason they are middle class.
my tracy, you certainly have a hatred for us "peons" who are not rich. so those people who understand economics believe that for a successful economic system to work it needs to have people at the top, and people at the bottom, right? That there needs to be those who have money to invest in companies so companies then have the money to rent a location to house their business, hire employees to do everything from invent, engineer and manufacture and deliver a product. Which then creates a trickledown effect such as coffee and lunch shops opening up to feed those workers or companies to hire to landscape their office. Yes, I also agree. You need to have rich people to make a gamble and invest in companies to create all of what I just mentioned in hopes of getting paid dividends on the business they create – what I DON’T agree with, is those investors paying LESS taxes then me on the money they make off of said businesses. Mitt Romney would still have millions of dollars to invest if he paid the same amount in taxes as I did. Period. End of story. He would just have maybe one less car, and maybe one less vacation a year. People are morons who think tax cuts to the rich create business. THEY ARE NOT SPENDING IT ON CREATING BUSINESS. THEY ARE SPENDING IT ON THEMSELVES AND SPENDING IT ON CAMPAIGNS FOR POLITIANS WHO WILL DO ANYTHING TO FIGHT FOR THEM NOT TO GET TAXES MORE. Not to mention shipping American jobs across seas to balance their budget. The kicker is Politian’s who invest in these companies. Who have actually money or stake in stock in these companies. So they are benefitting from blocking regulations against them so they can do shady investing so the Politian’s can reap the dividends that these stocks pay until it all comes crashing down. (see real estate market circa 2008) They are fooling everyone.
yes, the government spends too much money
… That we like to blame on the poor and the entitlement programs for the poor. Is there problem with entitlement programs, yes. Do poor people abuse the system and remain lazy just because they can, yes. Then do something about it. Instead of taking away the money, or giving more money to the program – FIX IT. but it’s funny how no one cares we spent billions of tax dollars bailing out wall street – yet refuse to bump up taxes on those SAME wall street personal to REPAY the economy that they broke. or on unfunded wars. They would rather just take money away from the poor and ruin their ability to become something of themselves.
I would rather give my tax money to lazy poor people, then rich liars.
Please name me just ONE politician who isn't rich???!!! P-L-E-A-S-E?????
Too wealthy? Why not look at historical facts? the following is just one of many concerning wealth and presidents...
http://www.forbes.com/2003/02/14/cx_da_0214pres.html
Tracy - Republicans have a name for people like you who don't think "middle class people" have any business running the government.
They call them elitists.
Come on folks - the only reason we have two parties any more is to keep people fighting about which is more corrupt - instead of recognizing that our system has been bought and paid for by BOTH parties.
Seriously - watch the debates - they are making a mistake by breaking the 'code' and throwing real information out there instead of the normal "I'll create jobs"..."I'll cut taxes"...."I'll cut the size of the military".... blah ad nauseam -
Let's quit paying attention to the right hand and see what's going on with the left hand (or vice versa for those who are determined to keep discussions on a two-party argument track)
Ask your local politician to compare the local unemployement rate to the number of H1B visas issued and the population of "undocumented workers"
Ask you favorite campaigning politician what they are doing about the water crises being created from Pennsylvania though Wyoming and down to Texas - by the energy companies flooding water basins with fracking fluids (See GasLand for information)
Ask the next 'pollster' to give you a comparison of US dollars sent overseas vs. the funding requests from each state's transportation/education/health care sector.
Send a request to your political 'representatives' to disclose any/all investments in off-shore companies - then trace those investments back to military contracting corporations (Halliburton et.all)
The American People are responsible for the actions of their government - so be responsible!
I wonder how many Americans have Swiss and off-shore banks accounts? Something like 1%? Willard, the time for those of your ilk has come and gone - the rest of us 99% simply won't stand for it anymore. Step aside quietly or be shoved aside, the times they are a changin'!
just shows what a crook he really is. he's afraid the beans will be spilled later, so he is going to fess up a little bit. he probably has a whole lot more to hid. just shows what a chiseler he's been all his life.
When did a margin of error of $175-250 million become reasonable. Or $1-5 million seem like a good statement.
For one thing, people that are that wealthy aren't wealthy because they aren't sure how much they have, or where it is exactly, they are wealthy because they manage their money well.
Secondly, I'm pretty sure when Mitt went into companies to figure out their troubles, I'm sure he didn't accept the companies claim that they had $1-5 million in their business accounts.
He has not been honest about his money. He has to release at least ten years of his income taxes. I bet they are all wrong. He has hidden so much money, he doesn't know one lie from another.
This probably explains his reluctance to give up his tax forms.
I wonder how Mitt would inact his proposals with a dysfunctional Congress?
That Obama has been able to end the recession, save the auto industry, and reverse unemploment with a Congress that is refusing to do anything is truly remarkable. Even when. in the first two years, the T-Baggers brought the filibuster to an art form.
I'm still waiting for the advantages of the Bush tax cuts to have a positive effect on my life.
Spanky there are 27 million people who think you are a clown. 4 billion laugh at you. 19 million paid a total of $876,243.18 to have your asinine and made up statistical comments blocked. 116% of the 43% of the people who read these comments laugh every time they read your posts while 12% of the remaining 57% say a prayer for you hoping you can find some peace of mind.
Willard's campaign slogan is "believe in America" just don't invest in it.
LOL :)
Shall I provide a list of American companies he and Bain Capital has invested in?
Tracy1973- Why do we need a list? They invested, they were very well compensated usually, 3-4 times the original investment, sooo your point is? Many of these Co's later went bankrupt, but the vultures got theirs, some went on and prospered, but the vultures already took theirs and left, but you want us to give Romney credit? What don't you understand?
The absurd claim by Themen above was that Romney didn't invest in American companies. Why don't you understand that is patently false?
BTW if it weren't for venture capitialists risking ther money by investing it in companies the U.S. wouldn't be half the country it is today and I challenge anyone here to prove otherwise.
hummbird, invest in or buy any buggy whips lately? Edsels? Deltec insulin pumps? White machinery? Chicago northweastern RR?
Who can forget solyndra and GM? Alot of political capital for obama, not so good for we taxpayers.
Tracy - Take the time to look up Bain Capital, they invested in companies all over the world - it seems though European Companies take care of their own because of more stringent regulations - American Companies however are fair game
And as far as Bain Capital "risking" their money - they never walked away without a sizable profit - especially after they raided the pension plans which cost the government big time However, the laid off employees only recouped $.40 on the $1.00
And as far as Staples goes, they don't even list Bain Capital on their website and Sports Authority - there were 5 Venture Capital companies involved - Bain Capital being the least of them
Research is a wonderful past time!
"....especially after they raided the pension plans which cost the government big time"
Which government OWNED companies are your referring to?
"And as far as Staples goes, they don't even list Bain Capital on their website and Sports Authority - there were 5 Venture Capital companies involved - Bain Capital being the least of them"
So just because Staple doesn't list Bain means Bain had nothing to do with that company getting started in earnest? Bain lists them on their website portfolio.
http://www.newsmax.com/RonaldKessler/Bain-Staples-Romney-Capital/2012/01/13/id/424112
No comments about Burger King, Clear Channel Communications, Toys-R-Us, or The Weather Channel?
http://en.wikipedia.org/wiki/Category:Bain_Capital_companies
Yes research is fun and it seems you need to do quite a bit more!!
"Romulian Rommey" is did not want to release any of his tax records at all. His wife said that it was a shame that they had release the tax records that they have already. "Romulian Romney" has a ton of money that he made that was never recorded correctly in his Foreign Accounts. That is now being investigated, and the "Romulian" should be worried! Progressive Power wonders how much taxes the "Romulian" pays on his home planet of Romulus?? Is the "Romulian" in the top 0.06% of his fellow Romulians on Romulus?? The "Romulian" loves the broken American Tax Codes, and has made million on mainly Swiss Accounts. The "Romulian" is the "Speculator and Chief" of the GOP/RNC. The "Romulian" is not said a word on creating jobs, keeping corporations in America, reforming the American Tax Code, or backing Financial Regulations that work. Why does the "Romulian" NOT want to release his past tax records from the 1980's, 1990's, and the 2000's??? What types of tax fraud has been going on in the "Romulian's" Taxes?? Who has been doing his taxes? In the past, and now recently?? Legally, the "Romulian" has not broken any known tax laws that America knows of. It is looking like the "Romulian" may have broken tax laws with his overseas accounts. How badly did his Bain Capital Tax Accountants break the tax laws?? "Romulian Romney" is so "Alien" to the economic struggles of Unemployed citizens, the Middle Class, the Working Poor, the uninsured, the elderly, and the disabled. Now he still feels that he is "Alien" to the current US Tax Codes! The good citizens of Florida had better read and understand the "Romulian's view on home mortgages. The "Romulian" has made it clear that he believes in letting people go into foreclosure, and the banks turn these foreclusures into expensive rentals. Notice the "Bain Trained" pattern of thinking from the "Romulian" Florida??
Sounds like both sides are dodging and weaving. The chain email that was copied is correct, but so are many of the concerns about what if anything else has been left out of Mitt's financial records. One thing though, the richer someone gets, the harder it is to keep a handle on exactly where all that money goes. It's kind of like taking the average middle class family and asking them to tell us how much exactly they spend on groceries, dates, movies, etc..There are those who can do it, but the average individual has no idea where most of their money goes. I'm all for a change in President though. I don't trust any of them but the fact that Obama has recieved far more money in campaign contributions from wall street scares me. It's hard to be partial when someone is giving you something. I actually respect both Obama and Romney, but they are both politicians so it is hard to believe everything either one of them says. I do see a lot of ignorance and hypocricy from both sides though. You have the liberal wack jobs that hate anyone even remotely conservative, and then you have the tea party head cases who don't want to compromise even if it means getting something done. In the end, they'll hate whoever doesn't agree with them 100% even though those at the far left or far right have the IQ of a rock.
Oh please you fell for that BS about wall street. Wall street gives money to both sides and gives the most to the guy they think will help them the most by making the economy grow not because they even like him or her. Thats just nonsense about wall street.
If Romney doesn't trust US banks with his money, why should we?
Not to worry Passion:
Once President Obama tightens regulation and oversight back to where it should be, ol' Willard will be more trustfull. Guess he knows something most don't about Dubya's de-regulation, huh.
and this was not accomplished over the last four years....why?
You KNOW why aprils....
The obstructionists GOP-Tea Congresspersons have prefered to take America's finances hostage, fillibuster Congress, and refuse to pass any legislation other than naming federal buildings after some of their personal heros.
That is why, in order to avoid further harm to this nation, Republicans will be ousted from our government in the Nov. elections and sent back to the farm to work for a living instead of subsiding on the public dime.
That's the best part.