Romney’s Taxes

Mitt Romney famously repeats in the debates that he pays all the taxes he is legally obligated to pay, and why would he pay more. He says we wouldn’t want a president who pays more than he is legally obligated to pay. What he doesn’t mention of course, is the large role that private equity played in keeping the law that way, spending millions of dollars in lobbying to ensure they would continue to pay much lower rates than people who make a fraction as much money as they do. Until today, Jon Stewart is the only one who I had seen report on this. Today, Bloomberg News gets in the game, thankfully. It’s good to see it reported here, as I expect there is little cross-over in the audiences of the Daily Show and Bloomberg News. And it is important we know the truth about the Republican nominee. Frank Rick in New York Magazine also has a great piece looking at who is Mitt Romney. Turns out no one knows. All we know is that he may be the least interesting presidential candidate in a generation or more, and he may be the hollow man. There is no there there. What I’ve never been able to fathom about Romney is why he wants to be president. It seems he is just a bored rich guy who doesn’t know what else to do. And ain’t that a great vision for America.


About JP

We're two guys who met in college, in 1980. We've stayed in touch, and like to talk politics, current events, music and religion. JP is nore liberal than Sid, but not in every way. We figure that dialogue stimulates ideas, moderates perspective, and is in general friendly. These are things we need badly in these dangerous times. The blog name is taken from a song by Bruce Cockburn.
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