Romney can't stonewall much longer on his tax returns, now that Bain's taxes are being investigated

[bigtree]

. . . can he? I don't think he can; not with this story breaking . . .

Bain Capital Under Investigation For Tax Avoidance-Romney Denies Any Benefit
http://www.forbes.com/sites/rickungar/2012/09/01/bain-capital-under-investigation-for-tax-avoidance-romney-denies-any-benefit/

[PearliePoo2]

1. He is not ever going to release them voluntarily...never, ever.

He won't and can't because they are TOXIC in so many, many ways.

[porphyrian]

3. Court cases have a tendency to remove the voluntary when the documents are related to the case. n/t

[siligut]

5. Even with all the money and political clout Mitt has behind him?

I can't wait to see how this unfolds.

[Jackpine Radical]

9. Court cases also tend to move rather slowly.

One like this could drag on for years.

If anything, this will tighten Willard's resolve not to reveal anything. Especially if there's damning information in there, and there obviously is.

I don't expect to know anything more about his financial dealings before the election, except for information from outside sources such as the nice little dump Gawker published.

Let's see what the press does with it. I could imagine Tweety & others kicking this around pretty good. At the very least, it has to keep the tax questions in the news cycle, and will tend to keep Willard on the defensive.

[ProgressiveEconomist]

13. Yes, fighting subpoenas can go on for years. but ISSUING

subpoenas for the past personal federal and state tax returns of top Bain executives can happen pretty quickly.

And someone running for president would not be able to ignore the fact he's under subpoena for his past tax returns in a high-profile case of criminal tax fraud.

[Jackpine Radical]

19. Yes, it could get really nasty for Willard--but

I keep remembering how Walker won despite a tightening noose of investigations surrounding him.

This fall will truly be a test of how much you can overcome with unlimited Koch $$, voting machine jiggering, voter suppression, etc.

[bigtree]

4. so is this investigation report

You may be right that he's so dirty that it would confirm everything about this investigation and he just has to stand firm or risk losing everything. I'd expect a lot of pressure if this report is solid.

[spanone]

2. where are the tax returns romney????????

[Nancy Waterman]

6. If nothing else

this story brings the missing tax returns back into the news. Heh!

[brewens]

7. We need to be saying birth certificate? Not interested. There is no reason to doubt either

candidates citizenship. College transcripts? Not interested. Both candidates had to be great students to hold the degrees they have. Tax returns? Obama has released his, we need to see Romneys.

[PearliePoo2]

8. Keep his toxic, tax returns on the front burner!

And Harry? How 'bout another "tweak" and turn the screw a little tighter!
(Harry knows...oh yes he does)

[Jackpine Radical]

10. I've said this all along. Harry ain't coming out of nowhere.

Not his style.

I had assumed it was probably a UBS amnesty story, but it could be much more.

[11 Bravo]

27. I've also assumed it has something to do with the '09 tax amnesty.

And you're right about Harry. Pulling shit out of his ass has never been his gig.

[former-republican]

11. The biggest problem is

how slowly these investigations move. They will be stone walled
by motions by bain attorneys

[Bernardo de La Paz]

12. He's going to make a big noise in October when he releases his 2nd one & then say "Shut Up!".

He's already stated he'll release one Oct. 15th. I think he got an extension on his 2011 tax form.

He's hiding the 2009 and earlier forms due to at least two big problems and a host of others:

1) Possible voter fraud for voting in Massachusetts when he had residences in New Hampshire and elsewhere.

2) Possible admission of tax fraud for offshore tax shelter for which a number of people (undisclosed) were given amnesty by the IRS a couple of years ago.

also

3) His tithing to the church is likely to be embarassingly large or embarassingly small.

4) His low tax rates due to low taxable income due to dodges.

(feels like I forgot one or more things, but I'm going to post this as is)

[DallasNE]

29. Don't Be Surprised If Romney Releases His 2011 Return

Thursday afternoon -- just a few hours before Obama speaks at the DNC Convention.

[Bernardo de La Paz]

34. True, said "before" Oct. 15. Romney estimates he'll pay 15.4 % tax on 3,200,000 dollars income.

Romney estimates he'll pay 15.4 % tax on 3,200,000 dollars income.

http://news.yahoo.com/adviser-says-romney-release-2011-tax-return-october-154256807.html

[Voice for Peace]

14. please release me, let me go

[C_U_L8R]

15. He'll use it as another excuse

To not release them

[rocktivity]

16. Yikes -- now that they're "under investigation"

Mitt could claim that producing the tax returns wouldn't be "appropriate!" Is this a blessing in disguise for him?




rocktivity

[Vox Moi]

18. I can hear it now ...

"I'd be happy to comment but this a matter under investigation and I'm advised that it would be inappropriate to discuss this at the present time."
"An investigation like this is only a witch hunt by the Obama administration to distract and divide. It's an attack on success."
"I never had sex with my accountant."

[Motown_Johnny]

20. Good, lets make him say that thirty times a day until election day.

I can work with that.



But don't forget, he still has his 2011 returns that he promised to release. That will bring the tax returns issue back into the debate. The deadline for him is mid October. This really may be the nation's first October surprise a candidate every pulled on himslef.

[bigtree]

21. wouldn't that be damning, as well?

Last edited Sun Sep 2, 2012, 12:49 PM - Edit history (1)

. . . admitting or revealing that his taxes are the subject of an investigation?

[Andy823]

17. Time to open the flood gates

The closer to election day we get the more is going to come out about Romeny and all his secrets and lies! I think that the Obama team was waiting for Romney to become the "official" nominee, and now that has happened, it's time to start getting out all the dirty laundry Romney has been hiding.

We also know just how much of a liar Ryan is also, and everyday there seems to be more and more lies coming for the Romeny Ryan camp. It's like they just can't tell the truth and the more lies they tell the more they will have to make up more lies to cover up the lies they get caught in!

[DallasNE]

25. And They Lie About Stuff Where There Is No Reason To LIe

Example: Ryan's marathon running. What purpose is served by saying you ran a "two fifty something" marathon versus the just over four hours that it really was. The lie makes no sense especially since it reinforces the thought that he will lie about anything

[JDPriestly]

22. We file federal AND state taxes.

The Attorney General for New York probably is concerned about Bain's (and the other companies') state tax returns. He has probably already seen them. And from those, an accountant might be able to make a pretty good guess at what Romney's might look like. I doubt that the Attorney General of New York has seen Romney's personal tax returns. But, who knows?

[DallasNE]

23. Romney Has Probably Been Aware Of The Bain Tax Investigation

All along and it is the primary reason he can't show his tax returns. Not now, not ever. It has always been the case that releasing them would be a larger problem than not releasing them so the answer is yes he can and will continue to stonewall on his income taxes.

[aint_no_life_nowhere]

24. And the investigation isn't being carried out by Obama

and the feds but rather by the N.Y. State AG. I'm sure that Republicans will still scream at Obama, however.

[Jackpine Radical]

33. The NY AG is a Dem.

That's enough. Obviously it's just a political attack.

[onenote]

26. Yes he can. And yes he will.

I think his decision not to release them is set in stone.

[lonestarnot]

28. Oh yes he can! He will never, never release those returns unless he is compelled by authority to do

so. Better a keeper of the taxivader secret than a taxivader felon.

[Lone_Star_Dem]

30. It will bring the conversation back to the forefront.

There's also that timely oped which just came out on the WSJ a week ago titled:

Mitt Romney: What I Learned at Bain Capital

Which helps link him to Bain in people's eyes again.

[mucifer]

31. Fitzmas all over again. The rich seldom pay for what they do.

[avebury]

32. K&R nt

[Bernardo de La Paz]

35. Romney is being very chairy about his tax returns

He has released only 2010 and estimated 2011 at 15.4 % tax rate on $ 3,200,000 income.

[Bernardo de La Paz]

36. Link

http://news.yahoo.com/adviser-says-romney-release-2011-tax-return-october-154256807.html