As a rule, since 1968, Presidential candidates have disclosed their tax returns for public consumption. The first to do so, ironically perhaps, was George Romney as he challenged Richard Nixon for the nomination that year.
Fast forward to 2012 and his son Mitt Romney is engaged in a kerfluffle over his taxes. Romney has hoped this issue would go away and has promised to release his tax records sometime in April.
It is easy to see why he wishes to wait, the hope is that he will have the nomination sowed up by then. Expect him to release his records as soon as he feels his path to the top of the ticket is secure.
Still his admission yesterday that he has paid around 15 percent for the last ten years while earning millions of dollars, coupled with his mention that he earns " not very much" in speaking fees seems to be perfect fodder to illustrate how out of touch he is. Not very much amounted to over $350 K last year.
Look none of our candidates are very in touch with the common man. Obama is about as warm as Dick Cheney's heart. Still the contrast will be clear.
Mitt Romney arguing for more tax cuts when he pays less than the average middle class person, with a history at Bain Capital that can be made to look very unpleasing to the average American is fast appearing not as electable as he once did.
As I said before....is he walnut waiting to be cracked open.
Wednesday, January 18, 2012
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