"Romney has not paid taxes for ten years". This potentially devastating accusation has been levelled against presidential hopeful Mitt Romney. The accuser, Senate Majority Leader Harry Reid, claims to have been contacted by an investor in Bain Capital who told him the likely reason for Romney only releasing a year of tax returns, and only a partial year at that.
The Romney campaign has been suffering for months due to accusations by Democrats that Romney's personal finances are less than savoury. He is known to currently, or formerly, have bank accounts in the tax havens of Switzerland, Bermuda and the Cayman Islands. The accusation also comes after Romney's disastrous trip to Britain, Israel and Poland. The trip was supposed the show Romney's diplomacy but instead descended into farce when he and his campaign advisors insulted the British and the London Olympics, Arabs for having inferior culture and the Polish media.
The tax returns debacle could prove politically transformative, many Americans are becoming increasingly fed up with the extravagant wealth of the top 1% when the rest of the country is suffering with economic uncertainty, unemployment and foreclosure. If the accusation if found out I be true, or partially true, then it could decide whether it not Obama gets re-elected in November.
The whole issue is particularly poignant for Romney. His father, George Romney, when he ran for president released twelve years of tax returns. Not only did he release so many, he was the first to do so. In doing this he set a precedent for all future presidential hopefuls. George Romney is quoted to have said "Any politician who will not show multiple year taxes may be hiding something."
So what is Mitt hiding?
The Romney campaign has been suffering for months due to accusations by Democrats that Romney's personal finances are less than savoury. He is known to currently, or formerly, have bank accounts in the tax havens of Switzerland, Bermuda and the Cayman Islands. The accusation also comes after Romney's disastrous trip to Britain, Israel and Poland. The trip was supposed the show Romney's diplomacy but instead descended into farce when he and his campaign advisors insulted the British and the London Olympics, Arabs for having inferior culture and the Polish media.
The tax returns debacle could prove politically transformative, many Americans are becoming increasingly fed up with the extravagant wealth of the top 1% when the rest of the country is suffering with economic uncertainty, unemployment and foreclosure. If the accusation if found out I be true, or partially true, then it could decide whether it not Obama gets re-elected in November.
The whole issue is particularly poignant for Romney. His father, George Romney, when he ran for president released twelve years of tax returns. Not only did he release so many, he was the first to do so. In doing this he set a precedent for all future presidential hopefuls. George Romney is quoted to have said "Any politician who will not show multiple year taxes may be hiding something."
So what is Mitt hiding?
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| Mitt Romney claims to have paid taxes... So why won't he release his tax returns? |
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