ABC is flat wrong. The Romneys’ investments in funds established in the Cayman Islands are taxed in the very same way they would be if those funds were established in the United States. These are not tax havens and it is false to say so.Romney campaign spokeswoman Andrea Saul • Trying to quell the swirls of criticism that have emerged over Mitt Romney’s tax information. This all came to a head, in a way, during Monday night’s presidential debate in South Carolina, when Mitt Romney gave an extremely uncomfortable, unprepared seeming answer on whether or not he’d release his tax information, which all but forced them start letting some information out. The fact that Romney only pays (legal though it is) 15% in taxes has caused a stir, but not as much as subsequent reports by ABC News might; they report that Romney maintains millions in investments held in the Cayman Islands, notorious as an offshore tax haven, allowing him to pay an even lower rate. source (via • follow)
Jon Huntsman’s campaign was never going to work. He finally realized that and will drop out to give Mitt Romney, for whom he exhibited no small amount of animosity during the debates, his support. In New Hampshire he preposterously told supporters that a weak third place finish, in a state in which he had campaigned almost exclusively, was his “ticket to ride” to South Carolina. But it wasn’t, just as his campaign wasn’t based on any natural constituency or rationale.The Washington Post’s Jennifer Rubin • Offering up her harshly-worded take on why Jon Huntsman’s leaving the race. “If it was the GOP presidential nomination he sought,” she continued, “it was of a GOP in some parallel universe created by the press in which the darn Tea Party never arose, Rep. Nancy Pelosi (D-Calif.) was still speaker of the House and Republicans yearned for an isolationist foreign policy even to the left of President Obama’s.” While the conservative Rubin clearly has her opinions, there is a grain of truth here. Huntsman’s a likable guy, but this was not a campaign that worked in his favor.