Obama for America puts out a new ad hitting at Mitt Romney’s tax loopholes, using Paul Ryan to do it — proving that this Republican ticket is its own worst enemy.
The Washington Post has exposed Mitt Romney’s use of tax loopholes.
According to the Washington Post, Mitt Romney built up millions in an IRA and got “other tax breaks in his severance package from Bain…”
..allowing him to ‘turbocharge the impact’ of tax benefits ‘in a way that few but the country’s super-rich can ever hope to do.”
“[Romney] was able to take advantage of tax benefits in innovative ways open only to a narrow slice of extremely affluent people.”
Paul Ryan, sticking his foot in it, “What we’re saying is, take away the tax shelters that are uniquely enjoyed by people in the top tax brackets, so they can’t shelter as much money from taxation.”
“He has $102 million in that IRA. I don’t know how in the world he did that, putting in $15,000 to $17,000 a year. I mean, I would like to know what kind of investments he had, making that kind of return.”
“I think we all know if any of the three of us were running for president, I’d be like what the is in that blind trust?”
“There was a time, and it was not as, it was as recently as 10 or 15 years ago, when there were specific advantages to having these offshore accounts. Usually there was secrecy, avoidance of certain types of taxes and avoidance of taxes in the United States. All of that stuff is now not legal. So it may be that some of these accounts are legacy, some of these holdings and investments are legacy investments.”
Back to Paul Ryan, “What we’re saying is, take away the tax shelters.”
Try not to laugh too loud; this stuff writes itself.
Ms. Jones is the editor-in-chief of PoliticusUSA.
Sarah hosts Politicus News and co-hosts Politicus Radio. Her analysis has been featured on several national radio, television news programs and talk shows, and print outlets including Stateside with David Shuster, as well as The Washington Post, The Atlantic Wire, CNN, MSNBC, The Week, The Hollywood Reporter, and more.
Sarah has won two Telly Awards and is a member of the Society of Professional Journalists.