According to a recent statement issued by Bain Capital, “Mitt Romney retired from Bain Capital February of 1999.” If this was in fact the case, why do 2002 SEC filings identify Mitt Romney as CEO and president?
When Romney was being vetted as John McCain’s runningmate back in 2008, he provided the campaign with 23 years of tax returns. As we all know, the McCain campaign did not pick Romney as the VP candidate. Could it have been something in those tax returns that disqualified him? Don’t we the people deserve to know more than that about the finances of the man who would be president?
Willard may have released 23 years of tax returns to the McCain campaign, but he refuses to release more than one year (2010) to the voting public. His own father, George Romney, released 12 years of his tax returns when he ran for president, declaring that “One year could be a fluke, perhaps done for show.”
We now know Romney had a Swiss bank account and has large investments in shell corporations in Bermuda and the Cayman Islands. He also managed to squirrel away upwards of $100 million in a tax deferred IRA over a period of time when the yearly contribution limit was something like $10,000. Just how did he manage to accomplish this magic? And by the way, just why does anyone have a Swiss bank account and investments in Bermuda and the Cayman Islands? There is only one reason for these accounts, and that is tax avoidance.
This is the man who would be writing the tax laws if he is elected. According to Romney, “Corporations are people my friend,” and you can bet that his version of “tax reform” would be to the advantage of corporations and the rich, and to the detriment of the poor and middle class.
Jim Porter
Danville
