Tuesday, January 24, 2012
The Only Two Arguments Democrats Need On Mitt Romney’s Taxes
Mitt Romney has bank accounts flung across the globe; The Washington Post noted a few countrieswhere he has them, including Luxembourg, Ireland, Cayman Islands, and, until 2010, Switzerland, which is a notorious tax haven.
I’m not suggesting that Romney has done anything untoward when it comes to his taxes. On the contrary, it looks as though he has toed the legal line extremely well. But therein lies his problem:
(1) If the system as is benefits people like Romney so much, what is the motivation for him to change the tax code? Clearly he’s doing just fine.
(2) How exactly will Romney make the argument that the average American is overtaxed? He’s not one of them. And most wealthy people in his position are paying a similarly low effective tax rate. How can he help the middle class with tax woes?
Read more here: http://www.mediaite.com/online/the-only-two-arguments-democrats-need-on-mitt-romneys-taxes/
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