Do You Have an Offshore Bank Account?

Vanity Fair and the Associated Press have reported that Mitt Romney has put huge sums of money into investments in offshore tax havens like the Cayman Islands and Bermuda. Is he avoiding paying U.S. taxes by having money in those tax havens? Was he trying to hedge against the dollar by having a Swiss bank account? We asked some ordinary Americans what they think of Mitt Romney’s financial arrangements.

Watch and share today’s video.

Edward Meagher: A Veteran’s Story

Edward Meagher joined the United States Air Force in 1966. He volunteered to go to Vietnam and spent well over 2.5 years overseas.

Today, Edward has the privilege of working with veterans coming home from Iraq and Afghanistan.

President Obama’s message has been very clear. You stood up for us; we will stand tall for you. He’s ended the war with honor, and he’s brought them home, and he’s doing the same thing in Afghanistan. He understands at a real gut level what these folks have been through.

President Obama has taken a wide view of taking care of veterans who have come back from their service. He’s really addressing all their issues: the medical issues, the transition issues, educational benefits, jobs. They have to have access to jobs. They have to have job training. He’s put real programs in place — programs that work.

Watch and share today’s video.

President Obama Salutes New American Citizens

President Barack Obama listens as Secretary of Homeland Security Janet Napolitano administers the oath of allegiance during a military naturalization ceremony for active duty service members in the East Room of the White House, July 4, 2012. (Official White House Photo by Pete Souza)

President Obama began his Independence Day celebrations by hosting a naturalization ceremony for active duty service members in the East Room of the White House. It was the third time the President has hosted this kind of service, and he told the audience, which included the families of the service members who were taking the oath of citizenship, that it is one of his favorite things to do. “It brings me great joy and inspiration because it reminds us that we are a country that is bound together not simply by ethnicity or bloodlines, but by fidelity to a set of ideas.”

Before the President gave his remarks, U.S. Citizenship and Immigration Services Director Alejandro Mayorkas presented the countries of the candidates for naturalization and Secretary of Homeland Security Janet Napolitano delivered the oath of allegiance.  President Obama told the new citizens that is was an honor to serve as their Commander in Chief, and to be the first to greet them as “my fellow Americans.”

“With this ceremony today — and ceremonies like it across our country — we affirm another truth: Our American journey, our success, would simply not be possible without the generations of immigrants who have come to our shores from every corner of the globe.  We say it so often, we sometimes forget what it means — we are a nation of immigrants.  Unless you are one of the first Americans, a Native American, we are all descended from folks who came from someplace else — whether they arrived on the Mayflower or on a slave ship, whether they came through Ellis Island or crossed the Rio Grande.

“Immigrants signed their names to our Declaration and helped win our independence.  Immigrants helped lay the railroads and build our cities, calloused hand by calloused hand.  Immigrants took up arms to preserve our union, to defeat fascism, and to win a Cold War.  Immigrants and their descendants helped pioneer new industries and fuel our Information Age, from Google to the iPhone.  So the story of immigrants in America isn’t a story of “them,” it’s a story of “us.”  It’s who we are.  And now, all of you get to write the next chapter” President Obama said.

You can read the transcript of the President’s full remarks here.