Tuesday, July 31, 2012

Harry Reid source says Romney didn't pay any taxes for ten years

So about those tax returns... here's HuffPo:

Senate Majority Leader Harry Reid (D-Nev.) has what he says is an informed explanation for why Mitt Romney refuses to release additional tax returns. According a Bain investor, Reid charged, Romney didn't pay any taxes for 10 years.

In a wide-ranging interview with The Huffington Post from his office on Capitol Hill, Reid saved some of his toughest words for the presumptive Republican presidential nominee. Romney couldn't make it through a Senate confirmation process as a mere Cabinet nominee, the majority leader insisted, owing to the opaqueness of his personal finances.

"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?"

Well, it wouldn't look good.

Now, is Reid's source right? Maybe, but the account seems credible -- a Bain investor, on a first-name basis with the Senate majority leader, clearly someone in the know. (Still, it's highly unlikely he didn't pay taxes for ten years. A year or two, maybe, at most.)

Whatever the case, something's going on here, as Reid suggests. Why else can't he release his returns? If there were nothing, surely Romney's campaign would have given in by now and released them -- all or most of them.

But it's evidently determined that the damage caused by releasing them, and dealing with whatever's in them, would be greater than the damage currently being caused by not releasing them.

And you know what? That might be right.

Labels: , , , ,

Bookmark and Share


  • Romney is aware of the irregularities which would create a backlash so he has to hide them Its shamfeul, his Dad set a precedence and he can't follow it .

    By Anonymous Anonymous, at 7:48 PM  

  • You know, had he done it earlier, he could have put out the fire at a time when it would not have remained in the memory of the voters. Now, though, he's gone too long. He'll have to release them, or suffer the image of having something to hide. Neither are good to have at election time.

    By Blogger Rook, at 10:01 PM  

Post a Comment

<< Home