"His poor father must be so embarrassed about his son," Reid said, in reference to George Romney's standard-setting decision to turn over 12 years of tax returns when he ran for president in the late 1960s.
Saying he had "no problem with somebody being really, really wealthy," Reid sat up in his chair a bit before stirring the pot further. A month or so ago, he said, a person who had invested with Bain Capital called his office.
"Harry, he didn't pay any taxes for 10 years," Reid recounted the person as saying.
"He didn't pay taxes for 10 years! Now, do I know that that's true? Well, I'm not certain," said Reid. "But obviously he can't release those tax returns. How would it look?"
Romney's gonna get killed in the general - time to pick a new nominee.
Posted by Clay Clayton, a resident of the Greenmeadow neighborhood, on Jul 31, 2012 at 2:43 pm
Easy fix - prove Harry wrong. Release the dang things. It's insane to think it's not going to become a bigger issue. Mitt gave McCain two decades worth of returns. Release them and move on.
Because they are so bad that it makes him lose the election.
If that's the case, whee are the leaders of the Republican Party? Have they seen them? They know it's untenable to not release them. If they are so bad as to render Romney unelectable, then the Republican party owes it to the American people to select a strong conservative at the convention. Who's in charge of something like this? Charirman of the RNC?
Posted by Sean, a resident of the Midtown neighborhood, on Jul 31, 2012 at 2:59 pm
8.2% unemployment provokes many desperate attacks.
I want to see Hary Reid prove that he is not a polygamist. Of course, Harry can actually PROVE that his rumor-mongering has some basis in fact, with real evidence that he has in hand. Where is it, Harry?
Question: Is 8.2% heading higher? Will taxing the rich, lower it? Is class warfare the only arrow that the Dems have in their quivver? How much longer must the American people suffer?
Posted by 13% tax rate is better than a 0% rate, a resident of the Duveneck/St. Francis neighborhood, on Jul 31, 2012 at 4:09 pm
Sean - since you have nothing to defend Romney with for not showing Americans his tax returns, all you can do is deflect on the economy created by George Bush? It is related - your man Romney wants to go back to Bush policies.
Let's look at what Obama has done - 26 months of private sector job growth, 4 million private sector jobs created since correcting most of the disastrous Bush job losses.
Cogitate on these graphs that show how Obama has turned things in a positive direction since the Bush disaster:
Posted by Sean, a resident of the Midtown neighborhood, on Jul 31, 2012 at 5:12 pm
I think we did quite well under Bush, until Fannie and Freddie pushed the banks to make liar loans, on behalf of the community organizers, like Obama.
We, indeed, should go back to Bush. Otherwise, we will continue to fall off the cliff of massive debt, created and supported by Obama. Our future, under Obama, if we continue on the current path, is Greece.
8.2% unemployment causes much desperation on the part of the Dems. As it should. It might get worse....
Posted by Sean, a resident of the Midtown neighborhood, on Jul 31, 2012 at 6:01 pm
So, Bush, Putin and Thatcher die and are sent to hell. The Devil is there to welcome them. It is very hot. Putin notices a phone on the wall. He asks the Devil what that phone is for. The Devil says, "You can call home, as long as you pay the charges." Putin jumps up immediately and calls Russia, talks to his old KGB buddies, tells them to hold the line against the West. The Devil says, that was 10 minutes at $20k per minute, thus $200k; Putin protests, and the Devil says, "It was your choice...you should have asked about the charges before you rang up."
Thatcher understands the cost of the phone call, but she is eager to call home to her old friends in the Military, and insist that Britain maintain its defense of of the Falklands. 20 minute call = $400k. She winces, but keeps a stiff upper lip.
Bush calls home, chatted with his old buddies, congratulates them on hanging tough on the liberation of Iraq, asks about their golf handicap, which children are now getting married, etc. The call lasts two hours. The Devil says, "That will be $5". Putin and Thatcher jump to their feet and demand why they had to pay hundreds of thousands of dollars, but Bush gets off with $5.
The Devil says "Since Obama took over America, it has gone to hell. It is a local call".
Posted by Really?, a resident of the Meadow Park neighborhood, on Jul 31, 2012 at 7:20 pm
There isn't a lot to admire about Obama's accomplishments. But the last Republican administration dug the hole he has failed to get the country fully out of. I thought the punchline of the above joke would be more like "Under Bush, the country went to hell - it's a local call."
Posted by Sean, a resident of the Midtown neighborhood, on Jul 31, 2012 at 7:47 pm
>all the good humor is on the liberal side - watch any episode of the Daily Show or Colbert.
TV humor is largely controlled by the left...no suprise there. However, Internet humor offers the right a forum...the Internet offers a democratic resposnce to the lame-stream
At any rate, back to the Devil: HE thinks it's an America gone to hell under Obama...so there!
Q? Which American President increased the deficit and debt more than all the other Presidents combined? And still stuck us with 8.2% unemployemnt, and probably getting worse? The Devil thinks that is hell...he should know!
Posted by 13% tax rate is better than a 0% rate, a resident of the Duveneck/St. Francis neighborhood, on Jul 31, 2012 at 8:31 pm
Sean - political humor is not controlled by liberals, they're just the only ones who are funny.
Well, plus the fact that the Republicans are a never ending source of punch lines.
Romney can't release his taxes because he and Ann have said YOU people don't need to see them.
Romney's father said:
""Release of the document, while it might serve a political purpose, would not prove very much, he argued. One year could be a fluke, perhaps done for show, and what mattered in personal finance was how a man conducted himself over the long haul."
What is Mitt hiding?
Avoid the Sean-Sharon deflection, they're frightened that when it comes out, it will be so bad as to tank the election. These are the same folks who demanded Obama's birth certificate and college transcripts.
They should demand he release them before the convention so Republicans have a transparent choice.
Posted by Sharon, a resident of the Midtown neighborhood, on Jul 31, 2012 at 8:43 pm
The fact is that if Romney had had any issue with his taxes anytime then the IRS would have gone after him-they did not and have not
The fact is that if Romney had had any issue with his taxes anytime then his opponents in the Mass Governor election would have gone after him-they did not.
End of story.
Everyone can smell the the fear of the left and understand their panic and desperation in their pathetic and desperate attemps to change the topic from the economy-jobs-and the financial cliff -that the US and Palo Alto face on January 1
Smell the fear and panic from the left-
-they will never recover from the economic and social nightmare they have created
Posted by Perspective, a resident of the Greater Miranda neighborhood, on Aug 1, 2012 at 5:52 am
BHO's grandmother called in to say BHO was born in Kenya...Hmmmm..BHO's aunt and uncle are here illegally ( sorry...undocumented)...BHO's ...oh, never mind. Believe what you want. Me, I know the IRS would have gone after Romney with a pitchfork, tar and feathers if there were anything at all illegal in any tax return.
I really and truly don't give a tiger's tail what Romney did or does with HIS money, but I deeply, deeply care about what Obama has done and plans to do with my children's money ( mine being long spent)
Posted by bru, a resident of the Crescent Park neighborhood, on Aug 1, 2012 at 9:19 pm bru is a member (registered user) of Palo Alto Online
I'll make a prediction - that is, catch-22, either way is a wash, Romney paid no taxes and is the poster boy for exactly what people really hate about this unfair corrupt government, and he will be kicked aside at the convention - probably for another Bush - Jeb. It's bad enough that he is a Mormon, not that that is bad per se, just that most Americans are put off by Mormonism, or at least enough of them are to be an issue.
And Perspective, there may be nothing illegal in Romney's tax returns, but that does not mean they are right what we have in this country now is legislated privilege by cash payment. Calling his salary a capital gain may be strictly legal by the letter of the law, but it needs to end, as well does the artificial and unfair non-taxation of capital gains - put all in come in the same class, then you will get less speculation, more fairness, more investments from the non-rich class, and more transparency and interest in business and finance, something we really need Americans to take interest in - no pun intended.
I can't see how the Republicans let this happen, unless their weapons to get rid of Romney was supposed to be Newt Gingrich - a miserable failure as a candidate- thankfully! No, we are going to be presented with another Bush to vote for, and maybe an even bigger election rigging process than we saw in 2000 & 2004.
Why can't we seem to get a candidate that is not a pawn to these financial special interests?
Posted by That User Name is already, a resident of another community, on Aug 6, 2012 at 10:08 am That User Name is already is a member (registered user) of Palo Alto Online
Amazingly, Republican proxies for Romney are still attacking Harry Reid on the tax return issue. One would have guessed they would be quiet as a church-mouse and let the issue go quiet, but they raised quite a ruckus all weekend about Reid's claim about Romney's tax returns.
Harry Reid quotes an unnamed source that said Romney didn't pay taxes (no claim of illegality, just an astonishing low rate.)
Mitt Romney claims he paid taxes legally required, but at a higher rate than zero percent.
Both the Romney and Reid claims can be settled quite easily. Americans value transparency. Americans value honesty.
Reagan said "trust, but verify"
Mitt Romney clears it up instantly by trusting the American people and verifying 12 years of tax returns.
Posted by That User Name is already, a resident of another community, on Aug 7, 2012 at 10:41 am That User Name is already is a member (registered user) of Palo Alto Online
After a weekend of trashing Harry Reid, Republicans have realized they are in a political catch-22; they have pivoted on Monday from the politically inept & useless attacks on Reid to mysteriously blaming President Obama for the statement Reid heard from a Bain investor. Because that makes sense how? Two factcheckers have oddly rated Harry Reid's statement about what he was told by the Bain investor as a 'pants on fire' lie. Odd. They claim it's a lie because Harry Reid offered no collaborating evidence of what he was told by a 3rd party, an unnamed source. Yet the factcheckers used unnamed sources in their articles.
So we have here, two men making unsubstantiated claims about Romney's tax returns. Two men making CLAIMS about Romney's tax returns WITHOUT offering any PROOF:
1. Harry Reid - claims someone told him Romney has years where his effective tax rate was at, or near zero. Reid has not offered any proof.
2. Mitt Romney - Romney claims that he has paid taxes at or above the 13% rate for Romney paid in 2010. Mitt has not offered proof for his multiple, as yet unsubstantiated claims.
Both men need to MAN UP, and immediately tell the American people the truth and and substantiate it with all available evidence.
* * * Harry Reid should release all available documentation on the issue.
* * * Mitt Romney should release the 23 years of tax returns he gave to John McCain in 2008
What is Harry Reid hiding? Is the "Bain investor" a good friend, or a Reid supporter? What is Mitt Romney hiding? Is he telling the truth with all the unsubstantiated claims he has made about his taxes? Why would he give McCain 23 years of tax returns, but only a year to the American public?
Posted by bru, a resident of the Crescent Park neighborhood, on Aug 7, 2012 at 10:59 am bru is a member (registered user) of Palo Alto Online
> Romney claims that he has paid taxes at or above the 13% rate for Romney paid in 2010.
I did not hear that ... are you reading between the lines or did Romney specifically say that. What I heard that he said was that he paid taxes - "a lot of taxes". Certainly a meaningless non-specific statement - I could say the same thing.
I also find the 13% that he recently paid to be rather outrageous ... it's bad enough that capital gains are treated differently from regular income, but to not even be paying the nominal capital gains rate is kind of a disgrace, even if it was the law, the law on this has been manipulated politically with bribes ... uh, I mean campaign contributions.
AGAIN I NEED TO ASK, WHY DO I HAVE TO TYPE IN A SECURITY CODE EVEN THOUGH I AM LOGGED INTO MY ACCOUNT AT PALOALTONLINE? THIS SHOULD BE DONE AWAY WITH WHEN YOU ARE LOGGED IN.
ALSO, IT WOULD BE NICE IF WHEN WE ARE TRACKING A SUBJECT HERE THAT THE REMINDER EMAIL WE GET WOULD CONTAIN THE COMMENT SO WE DO NOT HAVE TO GO TO WEB PAGE AND LOG IN JUST TO READ A COMMENT THAT WE MAY NOT WANT TO RESPOND TO.
Posted by That User Name is already, a resident of another community, on Aug 7, 2012 at 12:55 pm That User Name is already is a member (registered user) of Palo Alto Online
Bru: from an ABC interview, one of the one's that show Romney laughing nervously every time, because he's afraid they'll ask why he gave McCain 23 years of tax returns which forced McCain to choose the worst VP nominee ever, over Romney:
** Muir: ...So from what you have released and from what we have seen we know that there was one year when you paid about 13.9% tax rate. Can we clear this up by asking a simple yes or no question? Was there ever any year when you paid lower than 13.9%?
Romney: I haven't calculated that. I'm happy to go back and look but my view is I've paid all the taxes required by law....
Muir: You said you would go back and look, would you look for us?
Romney: I haven't looked at the tax rate paid year by year. I know that I pay a very substantial amount of taxes and every year since the beginning of my career so far as I can recall.
** Pressed on whether he’d really go back and look for his tax rates as he suggested, Romney said, “I haven’t looked at the tax rate paid year by year.”
How unbelievable is that?
Romney PROMISED he would go back and look; and he hasn't answered the question.
Far too secretive and untrustworthy. What is Mitt hiding?
Back to Reid; Reid heard about Romney's zero percent tax rate from his Bain source who heard about it from one of two places:
- Romney was bragging to his Bain buddy while out golfing at the club
- a McCain staffer who saw the 23 years of Romney's returns leaked it
It's going to come out, Mitt, and then you will look more foolish. Get it over with and release it before the convention so conservatives can make an informed, guided, intelligent choice. I look in wonderment at conservatives who are willingly (as written elsewhere)
"buying a car without looking under the hood"
Doesn't seem a conservative way to make a choice for the most important office in the land.
Posted by That User Name is already, a resident of another community, on Aug 8, 2012 at 10:49 am That User Name is already is a member (registered user) of Palo Alto Online
Now that we have cleared up Romney's promise (and lie?) to: "I'm happy to go back and look", we can go on to the growing list of REPUBLICANS who beleieve Mitt Romney is making a fatal error in not releasing his returns.
Yesterday's addition? None other than fellow millionaire, failed GOP presidential candidate Steve Forbes!
"I was a little surprised that he was flat-footed during the primaries that he didn't have this all squared away," [Steve] Forbes says.
Forbes notes that the best move for Romney now is to "reverse the tables" on President Obama and call for a "data dump": both would release 20-years worth of tax returns, school records and health care records. "Everything" should be included Forbes adds." Web Link
When you lose Steve Forbes, you've lost the battle.
Posted by bru, a resident of the Crescent Park neighborhood, on Aug 8, 2012 at 11:01 am bru is a member (registered user) of Palo Alto Online
>> Forbes notes that the best move for Romney now is to "reverse the tables" on President Obama and call for a "data dump": both would release 20-years worth of tax returns, school records and health care records.
I love how the Republicans want to switch this from the Romney's tax issue which bears directly on the problem on wealth concentration and abuse of power and money to college grades.
This is not about any of that it is about how one of the richest people in the country pays an income tax rate less than almost everyone else in the country, and how that injustice seems to have been accepted and institutionalized all over the country at various levels without any discussion or support from the public.
Personally I think the only fair thing to do is - first, to treat working income as the same as investment income and - second to raise the progressivity. i.e. tax rate on the upper ends, preferably by creating more marginal rates at the top so REAL small business people such as dentists, doctors, shop owners, plumbers, and other successful professionals are not treated the same as Wall St. finance people, bankers, hedge fund operators, or those who are politically connected.
I would hazard a guess that most of the Republicans who are critical of Romney on this issue are hoping to knock him over at the convention and replace him with someone else, probably Jeb Bush.
Posted by That User Name is already, a resident of another community, on Aug 10, 2012 at 1:11 pm That User Name is already is a member (registered user) of Palo Alto Online
Here we go folks, from the Washington Post, Jon Huntsman, Sr denies he leaked Mitt Romney's tax return news, but adds his name to the growing list of REPUBLICANS that want Mitt to RELEASE his tax returns before the republican convention, knowing that Obama will destroy Romney after the convention with the tax return issue.
That gives Jon Huntsman Jr a chance to run for the vacant seat in 2016 after Obama's second term.
“That’s absolutely false,” Huntsman said of the speculation. “I have absolutely no knowledge of Bain or Mitt Romney’s tax returns.”
Asked directly if he had ever had a conversation of any kind with Reid about Romney’s returns, Huntsman reiterated he hadn’t. Huntsman said his main connection to Reid is through their shared interest in cancer research.
“I feel very badly that Mitt won’t release his taxes and won’t be fair with the American people,” Huntsman told me. In a reference to Romney’s father, who pioneered the release of returns as a presidential candidate, Huntsman said: “I loved George. He always said, pay your taxes for at least 10 or 12 years.”
“Mr. Romney ought to square with the American people and release his taxes like any other candidate,” Huntsman said. “I’ve supported Mitt all along. I wish him well. But I do think he should release his income taxes.”
What is Mitt Romney hiding? Can he stall the release of his poisonous tax returns until after the GOP has no where else to turn?
Posted by That User Name is already, a resident of another community, on Aug 13, 2012 at 10:01 am That User Name is already is a member (registered user) of Palo Alto Online
Tim Pawlenty and all the Veep candidates had to provide a lot of tax returns to Romney for the vetting process, just like Mitt provided 23 years of tax returns to John McCain.
23 years of tax returns that made McCain shudder and say Sarah Palin was more qualified than Mitt Romney - how bad can they be?
Did Mitt pay close to zero for many years? Or is it that Mitt did not fully tithe his church as he must do as an ordained bishop? Does Mitt not care what we see, but is hiding his returns from his church?
That's quite a mess for Mitt.
Pawlenty has a great stumble and pause which reveals how dumb Mitt's decision is. Timmy P says he gave Mitt a lot of returns - when asked how many - Tpaw stops, taking a deep breath before he says, "I don't know the exact number..."
Posted by That User Name is already, a resident of another community, on Aug 14, 2012 at 9:48 am That User Name is already is a member (registered user) of Palo Alto Online
Every day, a major GOP figure keeps the Romney tax returns on the front burner, rather than let them di out. They all detest Romney so much and use their passive/aggressive tactics to burn him.
Up steps Maverick John McCain to keep the fires alive:
"Arizona Sen. John McCain said today that Senate Majority Leader Harry Reid is wrong about his assertion that Mitt Romney did not pay taxes for 10 years, saying his team that vetted the presumptive GOP nominee in 2008 found no such thing. [...] "Nothing in his tax returns showed that he did not pay taxes," McCain said during an interview taped for "Face to Face" that will air Tuesday evening."
Way to go John. It's John's way of explaining why he made one of the top three worst VP picks in history, over Mitt Romney - it's the tax returns, dummy!
With yesterday's polls, we now know the top 3 VP picks are Dan Quayle, Sarah Palin and Paul Ryan.
Between Mitt's taxes and his pick of Ryan, will Mitt be responsible for handing the gavel back to Nancy Pelosi in January? It could get that crazy.
Posted by That User Name is already, a resident of another community, on Aug 16, 2012 at 12:50 pm That User Name is already is a member (registered user) of Palo Alto Online
As described above, Mitt Romney promised to get back to Americans with the answer to the question: have you ever paid a lower tax rate than the 13.9% paid last year?"
Mitt said today: "But I did go back and look at my taxes and over the past ten years, I never paid less than 13 percent. ... Harry Reid's charge is totally false."
Reagan told us to "trust, but verify"
Obama campaign: "Mitt Romney today said that he did indeed ‘go back and look’ at his tax returns and that he never paid less than 13% in taxes in any year over the past decade. Since there is substantial reason to doubt his claims, we have a simple message for him: prove it. Even though he’s invested millions in foreign tax havens, offshore shell corporations, and a Swiss bank account, he’s still asking the American people to trust him.
However, given Mitt Romney's secrecy about his returns, coupled with the revelations in just the one return we have seen to date and the inconsistencies between this one return and his other financial disclosures, he has forfeited the right to have us take him just at his word."
Paul Ryan finds an "oops" while Romney vets years of Ryan returns.
A MILLION DOLLAR "oops"
Mitt: time to pony up ten years of returns.
"While being vetted by Mitt Romney's campaign, GOP vice presidential hopeful Rep. Paul Ryan amended two years of his financial disclosure statements to add an income-producing trust worth between $1 million and $5 million that he had previously neglected to report."
"The filings, however, left unanswered how and why family income of such significant size initially went unreported."
"Craig Holman, a government affairs lobbyist for Public Citizen, a consumer advocacy group, said "the amount and timing of this new disclosure suggests that Ryan had not sought to be fully transparent about his income and investments until he felt compelled to do so."
Posted by That User Name is already, a resident of another community, on Aug 18, 2012 at 8:16 am That User Name is already is a member (registered user) of Palo Alto Online
Back when the Senate was trying to confirm Ford's VP pick (Rockefeller, the Romney of his time) the Senate required the nominee release 7 years of tax returns.
Now Romney releases one year, and Ryan release two years, even though Romney's dad releases 12 years and Romney himself gave McCain 23 years of returns before McCain wisely chose Sarah Palin over Mitt Romney because of those tax returns.
Romney kept his tax return issue front and center again this week.
Will Romney keep the focus on his taxes again next week?
Next week's pre-convention polls, which will include the Ryan 'bounce' will be most enlightening. Republicans have one week left to demand to see what Mitt is hiding from the GOP, otherwise it's possibly the world's biggest case of Buyers Remorse in the making......