Monday, December 17, 2007

Romney: The Tax Shelter Candidate.

While in private business, Mitt Romney utilized shell companies in two offshore tax havens to help eligible investors avoid paying U.S. taxes, federal and state records show.

Romney gained no personal tax benefit from the legal operations in Bermuda and the Cayman Islands. But aides to the Republican presidential hopeful and former colleagues acknowledged that the tax-friendly jurisdictions helped attract billions of additional investment dollars to Romney's former company, Bain Capital, and thus boosted profits for Romney and his partners.

Romney has based his White House bid, in part, on the skills he learned as co-founder and chief of Bain Capital, one of the nation's most successful private equity groups.

GOI: Since he is basing a major part of his campaign on his business experience then we know that he would maintain the Bush tax policy (if not expand it) and in doing so continue to screw the average American.

I don't know if I have discussed this here before but I firmly believe in something I call, "Economic Patriotism." It means that you fight for your country not just during military conflicts but also in regards to our economy. The opposite means that you sell your country out when you ship jobs over-seas and take money from the rest of the country by not paying your fair share of taxes. If that's the kind of economic policy that you like then by all means support Mitt Romney.

Where in the Book of Mormon does it say that it is A-O.k. to help others cheat the system? Does it say that it is good to be greedy? I have read the B.O.M.--FIVE TIMES, twice in English and three times in French and I can honestly say that it does not say these things in EITHER translation, much to the consternation of Mitt I'm sure.

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2 comments:

TomCat said...

Romney will loyally stick to Bush's only successful program: No Millionaire Left Behind.

James said...

Tomcat:

So sadly true.