Should We Trust Romney On Taxes?

Does Romney's ability to create personal wealth qualify him to be president of this country?

There has been much speculation on Romney’s historically unprecedented refusal to release more than two years of tax returns. Romney, who also refused to release any tax returns in his 2002 run for governor, seems to be acting on some mysterious principal that his tax return is sacred script, never to be made public. But the more strident his refusal becomes, the more curious the public becomes in wanting to know what he is hiding that would be so devastating to his campaign that he is willing to be dogged by this for the rest of the campaign.

I have to admit, as an owner of a small IRA account, I am intrigued that Romney has over one million dollars in his IRA account, a feat that is financially impossible to accomplish within the context of IRA rules. The path Romney followed through the ticket of the tax code to get around those rules most certainly is only available to the very, very wealthy. And that is the crux of Romney’s tax return problem. His returns provide a window into how the tax code is used to protect the exceptionally wealthy at the expense of everyone else. Romney has said many times that he pays everything he is legally required to pay, but what he won’t say is that there are different sets of rules for what is "legally required," one which favors people with immense wealth, and a different set for people like me. Romney also won’t say that as president, he will be the one who decides what is "legally required."

It is an issue of fairness. No tax system will be considered fair and supported by the public when the rules are not the same for everybody or when the rules are being written by individuals who are either owned by special interest groups or are beneficiaries of the very rules they are writing. 

And that is where trust comes in. There are going to be big changes in our tax system in the next few years. Should we entrust those changes to an individual who gleefully signed a pledge to Washington lobbyist, Grover Norquist, agreeing never to raise tax revenue no matter how dire the fiscal health of the country, to an individual who has Swiss bank accounts, Cayman Islands accounts and other offshore holdings whose sole purpose is the sheltering of taxes? Should we entrust the changing of our tax policy to someone who seems to think the sole duty of the office of the President is to make certain that corporations and the very rich pay as little taxes as possible?

The Urban-Brookings Tax Policy Center report graphically illustrates how successful Romney’s tax policy would be in redistributing the wealth upwards and in punishing the middle class and working poor.

Romney aides claim that Romney’s economic and tax policies would be George W. Bush on steroids. Enough said!

Ron Kurowski

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John Roberts September 17, 2012 at 12:03 PM
Romney not wanting to hide his tax returns,Obama not wanting to tell a Judge if Americans are being illegally obtained under the NDAA act the judge found unconstitutional....Both Romney and Obama are how did I hear it best....2 cheeks of the same ass spewing the same crap....You are all under the illusion they are different because you have not done your homework you have let the media do it for you
Homewood Jim September 17, 2012 at 12:45 PM
With all the mainstream media in the tank for Obama, and doing all they can to get him re-elected, may be the primary reason to vote against Obama. He had 4 years, why not give another guy a chance? Couldn't be any worse.
John Roberts September 17, 2012 at 02:56 PM
Remaining the same,heading down a road of destruction is not good either.Me I am not going to be responsible for voting for either.Will not vote for more wars,more taxes,more medical corruption,more invasions of privacy,more laws passed to restrict the citizens rights to bare arms while constantly continuing to bomb other countries and standing up and saying things like we need to invade Cuba,passing 5,000 laws in a single year,signing executive orders to control all natural resources,know what this means? All of your things running to your house get shut off if ever a stupid civil war was to break out here. When is enough enough,when do we say you got the point don't mess with us and we leave them with the knowledge we will flat lad your country.Instead of getting more and more people killed. I will not vote for a war with Iran for blocking off the the Straights of Hormoz for Oil.We know full well the consequences for consistently depending on other countries and crude oil to be the energy for the world when we know there is other options...No Thanks
OakLawnBill September 17, 2012 at 03:49 PM
I remember when Republicans used to think before speaking and use actual facts. Rush Windbag is not a source of reliable information. Obama graduated from Harvard magna cum laude with a JD degree. Rush would not know that it means Obama graduated with academic great honor. Rush's mommy said he was too dumb for college.
OakLawnBill September 17, 2012 at 03:53 PM
What a load of hooey. Romney has consistently supported tax breaks that are in his economic favor. Buffett, Gates and many of those Hollywood types ( except Eastwood?) are promoting policies not in their favor to line their own pockets at the expense of the country.


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