Romney Might Release Tax Returns After The Republican Convention

There is a lot of speculation as to why Romney has not released his tax returns. Greg Sargent of the Washington Post points to a possibility that Romney didn’t pay taxes in 2008 or 2009.

Bloomberg’s Josh Green also sees it this way,

“As a member of the ultra-rich, Romney probably wasn’t spared major losses. And it’s possible that he suffered a large enough capital loss that, carried forward and coupled with his various offshore tax havens, he wound up paying no U.S. federal taxes at all in 2009. If true, this would be politically deadly for him. Even assuming that his return was thoroughly clean and legal — a safe assumption, it seems to me — the fallout would dwarf the controversy that attended the news that Romney had paid a tax rate of only 14 percent in 2010 and estimated he’d pay a similar rate in 2011.”

If this is the case and it not impossible, but highly improbable, Romney would be smart to hold his tax returns close to his chest until after the convention. Once he becomes the official Republican nominee, then he will release his tax returns and deal with the consequences. The GOP will provide cover in that aspect, if he paid a very low tax rate or if he didn’t pay taxes at all.

You see, if Romney released his tax returns now before the Republican convention, and they showed no taxes paid in those years, there would be pandemonium in the streets of Tampa, especially amongst the Ron Paul supporters. This would be catastrophic for party unity.

How could Romney not pay taxes? Well, one way would capital losses. During the crash of 2008 and 09 he could have lost a boat load of money which would obviously help lower his tax obligations. Also, as Greg Sargent points out, some tax analysts believe he could be using highly sophisticated tax shelters to escape U.S. taxes as much as possible.

All of this would be perfectly legal, but it would be politically damaging and deadly. This is why I believe he will wait until after the convention when he finally secures the Republican nod.

Once he seals the Republican deal, he will release he returns and go on a media tour explaining it away.

7 Replies to “Romney Might Release Tax Returns After The Republican Convention”

  1. He has pretty much botched this whole thing and he wasn’t very trusted to begin with so all this has done is add fuel to the fire and make him appear even more untrustworthy. He’s toast regardless of when he releases them.

  2. Sounds like he’s using the tax returns as some kind of a bargaining chip to make sure he’s the nominee; there has to be talk about having a brokered convention or he wouldn’t be so scared…

    It’s pretty weak when his own political party is telling him to release his forms, and he’s using them to “negotiate” his position with them….he’s probably buying off people to “shut up” about this whole thing right now as we all know, the only way for him to win is to buy everybody off…where’s my pay-off, Mitt?

  3. If he has to spend time after the convention explaining away his taxes, then he has surely lost this race. That calculated risk will be a failure for him and for those who “provide him cover.” This should have been done in January and dealt with then. Here’s what Ann Coulter said, “If Christie doesn’t run, Romney will get the nomination and we will lose in 2012.” Not a fan of Coulter but even she saw some handwriting on the wall about the presumptive nominee.

  4. Here is a list of links that provide evidence of his tax return cover-up that WE KNOW OF…

    “Romney Entwined with Players In Stanford Ponzi Scheme”:

    “Romney aide trades on political ties”:

    SEC investigating Mitt Romney and Big Dig bond sale material misrepresentation:

    Bain Capital behind the plundering of the Hughes Estate:

    Bain Capital and Goldman Sachs pump and dump fraud:

    Mitt Romney’s connection to Damon Corp, a medical testing company, which paid $119 million in fines and civil settlements concerning Medicare fraud in 1996. (while the tax payer got the bill…)

  5. Hope they keep the pressure on for Romney to release the returns.
    Romney does not like pressure!
    He will keep on sending surrogates to defend him and try to hide like the coward that he is!

  6. It’s perfectly fine with me if he wants to release his tax returns later. Just as everyone might be starting to forget about this whole thing, he’ll generously remind us of them.

    Oh Mittens, you make the McCain campaign look competent by comparison. Needz moar Sununu shouting at clouds!

Leave a Reply

Your email address will not be published.