Why does Mitt Romney have such a problem being honest? From his so-called blind trusts to his “belief” in cutting taxes to whether or not he’d seen one of his campaign ads, last night’s debate was between Romney and the truth.
There’s not much we’ve learned from the single tax return that Mitt Romney so generously released to the American people this week—but what we have learned is troubling.
To review: In addition to keeping significant sums of money invested in notorious offshore tax havens like the Cayman Islands and Luxembourg, Romney had $3 million in a Swiss bank account that he closed in 2010 for fear of political embarrassment. No one in the Romney camp has explained why Romney would have or need a Swiss bank account.
Yesterday, the Los Angeles Times reported that Romney never disclosed the Swiss bank account or offshore investments in the personal financial disclosure form—required by all who run for federal office—he filed in August:
“A review by the Los Angeles Times/Chicago Tribune Washington Bureau found that at least 23 funds and partnerships listed in the couple’s 2010 tax returns did not show up or were not listed in the same fashion on Romney’s most recent financial disclosure, including 11 based in low-tax foreign countries such as Bermuda, the Cayman Islands and Luxembourg.
“Many of the undisclosed funds are affiliated with Bain Capital, the Boston-based private equity firm Romney ran for 15 years. Several others are apparently unrelated offshore entities with mysterious names such as Babson 2006-1, which is based in the Cayman Islands, and Barracuda Investments, which has an address in Dublin but appears to be solely owned by Golden Gate Capital, a private equity firm based in San Francisco.”
Remember, Romney’s main excuse for why he wasn’t going to release his tax returns to the public was that his personal financial disclosure was sufficient. But when not one, not two, but at least 23 major items are conveniently missing from said personal financial disclosure, Romney’s already dubious argument is utterly shot.
Romney continues to prove his willingness to hide critical information from the American public—which should be troubling to all voters, regardless of party. How can we trust him on his word alone? We’re calling on Romney to reveal at least as many years of tax returns as his father, George Romney, did when he ran for president in 1968: 12 years. Add your name to join us in demanding basic transparency and accountability from Mitt Romney.
Microsoft founder Bill Gates says taxes on millionaires must be raised. There’s more at Politico.
After failing to disclose Swiss bank income, Mitt Romney will amend ethics reports. There’s more at ABC News.
Mitt Romney says $3 Million “oversight” on ethics forms was “trivial.” There’s more at DailyKos.
Romney claims no knowledge of a TV attack ad he approved. There’s more at TPM.
Pandering to Ralph Reed’s Faith and Freedom Coalition, Mitt Romney says President Obama has declared “war on religion.” There’s more at ThinkProgress.
In heavily Hispanic Florida, Newt and Mitt decide the are “pro-immigrant” after all. There’s more at TPM.
Newt Gingrich tells Republican voters that Mitt Romney thinks they are stupid. There’s more at the Washington Post.
Gingrich insurgency tests Republican insiders grip on GOP. There’s more at the New York Times.
GOP elites open fire on Newt Gingrich. There’s more at Politico.
One time Republican standard-bearer Bob Dole launches crusade against Gingrich. There’s more at ABC News.
Gingrich is winning the enthusiasm contest in GOP’s Florida primary. There’s more at the New York Times.
Newt Gingrich says gay marriage is “pagan behavior.” There’s more at ThinkProgress.
New Jersey Governor Chris Christie thinks the Civil Rights Act of 1964 should have gone to a popular vote. There’s more at TPM.
Ohio’s Republican Secretary of State calls for the GOP’s voter suppression bill to be repealed. There’s more at ThinkProgress.
Two more aides of Wisconsin Governor Scott Walker charged with corruption. There’s more at Politico.
Colorado Republicans push for guns in elementary schools. There’s more at ThinkProgress.
International investors prefer Barack Obama as best for business in worldwide poll. There’s more at Bloomberg.