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August 18, 2012

The Obama campaign narrows the focus on Romney’s taxes

  • 5 years tax return deal offered by Obama campaign to Romney source

» Concession and refusals: Obama campaign manager Jim Messina offered a suggestive deal to the Romney camp yesterday morning – release five years of Mitt’s tax returns, dating to 2007, and the campaign wouldn’t ask for more, nor would they (as Ann Romney suggested publicly) attack him for having released so few. This is illuminating; Obama doesn’t want to lose this line of attack on Romney, one of the most durable and resonant ones he has. For his campaign to offer this means they suspect that whatever Romney is worried about is present in those five years, even while he ran for President in 2008. Conversely, were Romney being honest, taking the deal would be a no-brainer, neutering a potent weakness and halting the clamor for more returns. Which shows just how sure both sides are that Romney can’t afford to put this information out there, no matter how bad he looks in the process.

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14:18 // 1 year ago
August 4, 2012
What’s the downside? Jon Stewart getting all serious and haughty? Harry Reid could not care less.
A Harry Reid confidante, quoted in Politico • On the majority leader’s recent allegations about Mitt Romney. Stewart called Reid a “really terrible person” for citing an anonymous source’s claim that Romney paid no taxes for ten years saying that Romney’s dad would be ashamed of him for not releasing his tax returns. According to the article, however, “it’s impossible to say how little [Reid] cares” about Stewart’s criticism. “He literally could not care less,” Reid’s confidante said. The article in whole is a good “Reid” (hah!), as it gets into why the Nevada Democrat’s recent attacks are a win-win for Democrats. In short: If Republicans remain silent on the claims, that suggests that they’re true. But if Republicans respond to them—and they have been—then the issue of Romney’s taxes remains in the news cycle, and that’s what Democrats want. It’s rare that any politician finds an opportunity to hit the other party that’s both risk-free and high-gain, but this seems to be exactly that (Correction: Tumblr user SavageMike points out that Stewart’s criticism was directed at a statement Reid made about Romney’s father, not the no-taxes-for-ten-years claim).  source (viafollow)
4:21 // 1 year ago
August 2, 2012
I am not basing this on some figment of my imagination.
Harry Reid • “Doubling down,” as they say, on his allegation that Mitt Romney paid no taxes for ten years.  Reid sourced this claim to an anonymous investor in Bain, Romney’s old company, and in a conference call with reporters today, said that he’s “had a number of people tell me that [Romney paid no taxes].” When asked to back up his claim, Reid replied: “The burden should be on him. He’s the one I’ve alleged has not paid any taxes. Why didn’t he release his tax returns?” On the one hand, it’s easy to attribute an incendiary allegation to an anonymous source, as Reid has done. On the other hand, the only way to confirm or discredit this allegation is—you guessed it—for Romney to release his tax returns. source (viafollow)
11:39 // 1 year ago
July 17, 2012
Of course not… I don’t know what depths these people won’t reach. Obviously, it’s just outrageous. That’s just outrageous. It shows the – it’s so disgraceful for them to allege something that they have absolutely no knowledge of.
Senator John McCain • Denying very forcefully a theory that’s been circling political media over the last week — that during his 2008 search for a running mate, McCain shied away from current GOP challenger Mitt Romney due to his extended tax return history, which Romney has steadfastly refused to release to the public. Regardless of what the McCain campaign may have found in Romney’s returns during vetting, the idea that it was a dealbreaker does seem a bit unbelievable — why then pick Sarah Palin rather than a more staid, Romney-esque alternative? Former McCain strategist Steve Schmidt also said the taxes weren’t a deciding issue, but did concede that following a flurry of attention on the McCain family’s numerous homes, bringing in another candidate with so much owned property gave the campaign pause. source (viafollow)
18:59 // 1 year ago
February 13, 2012
Obama vs. Romney on tax rates: As you can see, rates are largely the same—except for the nation’s richest and poorest. The poor would pay almost twice as much in taxes under Romney’s plan; meanwhile, the very richest in the country would be forced to cough up about 10% more of their income under Obama. The net effect? In short, Romney’s plan would reduce federal revenues to about 17% of GDP—down .9% from where they are now. Obama’s budget would raise revenues 19.2%, with most of that money coming from those making over $250,000 a year (Graphic and data courtesy of The Washington Post / Tax Policy Center).

Obama vs. Romney on tax rates: As you can see, rates are largely the same—except for the nation’s richest and poorest. The poor would pay almost twice as much in taxes under Romney’s plan; meanwhile, the very richest in the country would be forced to cough up about 10% more of their income under Obama. The net effect? In short, Romney’s plan would reduce federal revenues to about 17% of GDP—down .9% from where they are now. Obama’s budget would raise revenues 19.2%, with most of that money coming from those making over $250,000 a year (Graphic and data courtesy of The Washington Post / Tax Policy Center).

16:15 // 2 years ago
January 18, 2012
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 (viafollow)
20:33 // 2 years ago