Should We Trust Romney On Taxes?

Does Romney's ability to create personal wealth qualify him to be president of the U.S.?

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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russ harrison September 09, 2012 at 01:40 PM
I'm curious about the hosing problem as well. If the gubernet would give us better hoses, we could grow better tomaters...
Walt Hines September 09, 2012 at 08:04 PM
Dying and paying taxes is something we all have to do at one time or another. Romney is not exempt from these 2 things or is he? Show your darn tax returns already or is it because you're a tax dodger. Last time I checked we were all Americans and that means we must support this country through taxes. Those people who hide their money overseas ( Republican's and Democrat's) and make the choice not to support this country should be deported to the country that their money supports. The more I read up on Romney the more disgusted I am with the republican party. No wonder McCain wanted nothing to do with him.
russ harrison September 10, 2012 at 12:30 AM
Whya doesn't someone just put a muzzle on Romney? This morning, on a national TV interview, he stated that he would keep many of the parts of "ObamaCare"...Then, this afternoon, said the "whole thing (ObamaCare) is a travesty and insult to the american people"...and people wonder why we older Republicans are saying no more to following the party line like sheep? My gosh, even on this venue one of the most stalwart Romney proponents reduced his justification for voting Romney to basically stating that it takes a crook to catch a crook...so that's why Romney would be a good choice. Sheeesh...maybe by 2016 half these idiots will be gone and we can take the GOP back to what it once was, a proud, group of people motivated for the public good that would work together with others to benefit this country...;not this gang of thugs (Norquist,Rove,Ryan,Kochs) that will lie, cheat, and screw over their own mother just to win an election.
NotBuyingIt September 10, 2012 at 01:55 AM
russ, that kool-aid you're drinking must be very pink indeed... I've read your hate filled rants about Romney and republicans. Haters like yourself are the reason this country doesn't come together on issues... Get a grip on yourself, calm down, stop drinking the Kool-aid and vote Romney... I guarantee you will feel alot better about life in general... You seem kind of up-tight dude...
Logansdad September 10, 2012 at 02:12 AM
Do you honestly think the country will come together if Romney is elected. Right now the vote is split evenly pretty much. The country will be divided until 2016.
russ harrison September 10, 2012 at 12:29 PM
Not Buying It> There is nothing in my posts that is hateful, nor ranting. I have merely pointed out what we've found about Romney, when it's happened, who was involved, and where others might go to research...what is it exactly that you think is ranting or hate filled? Could it be that I am sick of the GOP's leadership and tactics? Or is it because I will vote both for GOP and Democratic candidates instead of blindly following whatever propaganda Karl Rove, or Grover Norquist or the Kochs or even the Democrats want to try an shove down my throat.I realize that independent thinking tends to frighten tea-baggers and hard corps republicans What they scream as "unjust rants" most sensible people would call a discussion or even doing basic math. Why most people want to see taxes from a Presidential candidate the blind sheep will just trust in order to get the "black guy" out of office. As for drinking "Pink" Kool-Aide, I find it insulting that as a career NCO I would be accused of being a commie by a person that does not even have the fortitude of their beliefs to use their own name, Not Buying It Tonight...or wait!That's a trick from Ann Romney!Didn't she say "We will not release our taxes because it would just give the opposition more ammunition to use against us..." Perhaps that is why you folks that so vehemently support the tax dodger candidate don't bother to post your actual names for the most part. Romney/Ryan 2012: Don't Ask Questions and Give Us Your Damn Vote!
NotBuyingIt September 10, 2012 at 09:52 PM
way past 2016... there needs to be some semblance of civil discourse no matter who wins... the left just seems so angry and demonizes and rants and is full of personal attacks... it's kinda creepy...
NotBuyingIt September 10, 2012 at 09:56 PM
russ, apparently you don't read your rants, you just spew and go... Yeah, they are hate filled and your Kool-aid IS pink... Logansdad, I am merely pointing out that haters and ranters like russ poison the water for any possible coming together. It's the unnecessary inflammatory ranting and raging that makes it hard to come together... just sayin'...
russ harrison September 11, 2012 at 12:45 PM
Not buying it> hiding behind a false name is something that Romney's puppet masers don't even do...grow a set and put your name up there with the big boys and girls instead of hiding behind the curtain. That way, your comments may actually have some consideration. BTW> what color Kool-Aide do fascists and proletarians drink? Before you answer, look up the actual meaning of fascism, NOT the often cited and inaccurate meaning. In the meantime, here's a few bumper stickers you might want to display: Romney/Ryan 2012 "Because the Ledbetter Act Should Never Have Happened!" Romney/Ryan 2012 " Vowing to End Women's Suffrage!" (women's right to vote act) Romney 2012 "Best President India Will Ever Have!"
Edward Andrysiak September 11, 2012 at 04:08 PM
Why Obama does not have what it takes! He came into office with glaring problems to solve. Debt, housing problems and a failing economy. Now, anybody with a half of an ounce of savy would have looked at the problems looming, prioritized them and set about a fix. This especially when he had the majoirty in Congress and was bullet proof on any decisions. What did he do? He launched Obama care and used up two years and created a program we cannot afford. Not something that we really needed at this time. He is simply in over his head. He does not know how to lead. He has hundreds of folks in congress and could have build teams to work on solutions to more than one looming problem at a time. Instead he blew more money and created even more for us to worry about. He has got to go. Anybody would be better!
Edward Andrysiak September 11, 2012 at 04:10 PM
Russ, are you a paid poster working for the Huffington Post who own this liberal Obama site?
Wally Pickens September 11, 2012 at 04:50 PM
Russ, you must be alittle foggy in the brain, you must have forgotten about Obama being FORCED to release his financial statements by the Dems, and his birth certificate that was FAKE. Obama went to China asking for money for bailouts, then proceeded to dispurse these funds with NO set of rules to pay it back, which GM failed to make their first payment. Our government needs to go to Ford Motor Company, and ask them how to get out of this mess. Ford took NO bailout money, restructured their company and created over 1,000 jobs just in Illinois by building the new Explorer HERE IN THE U.S.
Logansdad September 11, 2012 at 08:24 PM
"He launched Obama care and used up two years and created a program we cannot afford. " According to the CBO, Obamacare will reduce the deficit over a 10 year period. With the price of healthcare going up and with healthcare companies finding ways not to insure people, I think Obamacare aka Romneycare is good for the public.
russ harrison September 11, 2012 at 09:11 PM
Wally> You're the guy that stated that my dead children Liam and Pax were alive and well and attending Longbeach Elementary School...how about dropping some flowers out at the Oswego Cemetery for them....? (fill in the blank)
russ harrison September 11, 2012 at 09:20 PM
Ed> you mean I could actually get paid for these posts?
russ harrison September 11, 2012 at 09:41 PM
Why is it that if a middle class group of people unite to gain a social advantage, like reduced costs and universal access to health care, some people call it "communism". But if ultra wealthy people act to stop the effort to meet that common need, and claim that "Free Markets" without regulation will make those goals attainable and affordable, we call that "capitalism"? And the next question...what exactly do we have and what are we looking at getting?..and how?
russ harrison September 11, 2012 at 10:01 PM
I'm just wondering, if Obama mandated "free" beer to match free contraception, would we be arguing so much?
russ harrison September 11, 2012 at 10:27 PM
Gentlemen and men of conviction...No matter what your political party affiliation is, whether Democrat, Republican, Independent or other party...in November 2012 it is not what we show each other by unzipping our pants...rather it is what women show us at the voting booth, by NOT unzipping. Go ahead, accuse me of pandering to the women vote...like they don't have a say in our future as well....
russ harrison September 11, 2012 at 10:44 PM
When you choose not to vote, you are NOT protesting...you are, in fact, surrendering.
russ harrison September 11, 2012 at 10:59 PM
I love Mitt Romey's question" Are you better off today than you were 4 years ago?" Well, if you want my answer Mitt, you go first. Show us that you are worse off today than 4 years ago...let's see your 2008 and 2009 tax returns. Or is your divine being that resides on the planet Kolob (he actually believes this) keep your returns in his magic underwear? (which Mitt also believes in) Who wants to jump in first? LDS (Mormons) members not intended for insult. Mitt on the other hand...free ball!
Walt Hines September 11, 2012 at 11:56 PM
It's time the tax dodger shows us those returns. I'm still waiting to hear what his plan is for this country. All I've heard him do is flip flop on his views, agrees with Obama doesn't agree with Obama, which one are we in agreement with this week. Russ where can I get one of those stickers? I know a lot of people who'd buy the president of India sticker. Give him time he'll sell this country to the highest bidder!
Eileen September 12, 2012 at 12:32 AM
Russ, just curious. What does your vision of a more 'just' America look like? Please provide detail.
russ harrison September 12, 2012 at 12:59 AM
Eileen> Its actually pretty simple A just America goes back to when I was younger, when people went to jail if they swindled hard working people.Today companies like BoA and GS can robosign foreclosures, put thousands of people out of their homes without actual cause,admit they screwed up,and get a paltry fine for what they did while keeping the profit.A just America would have Exxon,BP,and GE actually paying taxes instead of paying zero taxes and still receiving millions in refunds.A just America would have punished those that bought about the 2007 and 2008 meltdown,that rigged interest rate on school bonds and that sold worthless investments to pensions and then bet against them. A "just" America would not continue to subsidize corporate welfare, would not move 92% of the economic growth of the last 30 years into less than 5% of the population while actually decreasing the economic health of the middle class. And a "just" America would certainly not make it more efficient to spend money lobbying against regulations than actually fixing the problems. Corporations are NOT people,WE are!We should have a fair stake in our government. We should have a "just"say in what social programs we allow, and which ones we don't, but we should not have people dying because they cannot find an insurance company to cover them, nor should we have children suffering diseases that could have been prevented with a decent meal once a day.Why should you pay more in taxes than Exxon? Is it just?
russ harrison September 12, 2012 at 01:05 AM
Walt> I should have printed those myself, by next week they'll be all over the place! Here's another one: Romney/Ryan 2012: "Because they won't tell us their plan until we elect them..." Romney/Ryan 2012: Get Back in the Kitchen Woman! and my favorite if they lose: " Ryan lost...now he's gonna' shoot you in the balls with an arrow..."
russ harrison September 12, 2012 at 01:29 AM
Ryan will begin running his congressional election ads in Wisconsin on Wednesday morning... he's running for congress AND VP at the same time...it can be done, but its just NOT done...how glad is Mitt now?
Dave September 12, 2012 at 01:34 AM
I can't for Kerry's response. "Its" going to be great!
Wally Pickens September 12, 2012 at 01:34 AM
Russ, sorry but your wrong again, when your wife Christa, was running for treasurer of H&S at Hunt Club, SHE stated that she had 5 kids in school and that Liam and Pax were going to Long Beach. I did not make that statement, just wanting to know who was lying, you or your wife.
russ harrison September 12, 2012 at 02:06 AM
You just can't make this stuff up folks! Follow this logic: Obama wants to waive certain beaurocratic red tape for states that are trying to put welfare recipients to work as part of their program..that means that the White House is trying to make it easier for states to put welfare recipients to work, pretty simple, right? Streamline or eliminate some federal versus state barriers and put poor people to work. Simple. But...and this is where I get confused...House Ways and Means Chairman Dave Camp (R Mich) and Senator Orrin Hatch (R Utah) of the Senate Finance Committee are asking fellow Republicans to vote to block those measures by forcing a simple majority vote in the Senate by invoking the Congressional Review Act...which will effectively keep those welfare recipients from working in some states...which is what the GOP keeps complaining about, welfare people not having to work. So, the White House claims they are not trying to waive work requirements, only make it easier for states to require work for welfare. But Camp and Hatch want to torpedo that idea...I thought we wanted welfare recipients to work, or did I miss that part of the GOP line? Did the GOP Gurus suddenly decide welfare good, working bad? Or has Hatch and Camp finally lost their collective marbles and truly believe we're going to blindly follow them no matter what it does to the economy? Oh wait! They already decided we were going to do whatever they decided...as long as Obama gets gone.Silly us.
russ harrison September 12, 2012 at 02:25 AM
Wally Pickens> You are a vile person to continually attack my wife and I by bringing our dead sons up in this public forum. I think my wife and I both know which 2 of our children are dead, which 2 attend Hunt Club and which one attends Longbeach. She has never bought up Liam and Paxton at anyHunt Club meeting other than as an aside to another parent that had lost their child.You are aware of this fact and have again chosen to open these wounds. Attacking parents over dead children to discredit them is as low as a person can possible stoop. You are a vile person to continually bring my dead children into a public forum to further your own agenda. You are without a doubt, a loathesome coward that has intentionally and repeatedly brought up a tragic incident in order to further your miserable little life. Go back into hiding under your rock you miserable excuse or a human being.
Wally Pickens September 12, 2012 at 01:05 PM
Russ, your about as dumb as they come, look back at your posts, YOU brought up your kids, NOT ME. You are worthless to say that I 'm attacking you, you made false statements about my children going to Hunt Club. But anyway, I now know that both you and your wife are liars, your wife lies about the family, and you lie about knowing how to do construction.


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