Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Jackpine Radical

(45,274 posts)
Fri Jul 20, 2012, 02:29 PM Jul 2012

My Favorite Wingnut emailed me about Pelosi's hypocrisy in calling on Romney to release his tax info

when she hasn't done so herself. Here is my reply:

Most Senators haven't disclosed their finances. There is nothing requiring them to do so, just as there is nothing other than custom requiring that Presidential candidates release their tax information.

I have no problem with developing a tradition of Senators releasing their financial data--whether Pelosi or anyone else--in fact, I think it would be a good idea, an excellent idea. I have no illusions that individual Democrats are any paragons of virtue.

But that doesn't address the issue f Presidential candidates and their tax reports. The tradition already exists there. Obama released his. Bush released his. Reagan released his. George Romney started the tradition 40 years ago when he ran in the primary against Nixon.

Mitt isn't legally required to release his, but if he doesn't, that is a legitimate campaign issue, particularly because there are strong hints of improprieties in his financial dealings.

1) When did he leave Bain? In 1999 as he now says, or in 2002, which is what he claimed when running for MA Gov.? He either lied to the public or filed a false SEC document, which would be a felony.

2) There is reason to believe that he had committed at least one felony with regard to hiding taxable income in Swiss accounts, & then took advantage of an amnesty program to clean the slate.

3) People were upset that he only paid 13% according to his 2010 tax return. There are indications in that form that he may have paid NOTHING in 2009.

I think these things should be cleared up now, unless you want a repeat of Whitewater, with disenchanted Democrats forever nipping at his heels over financial improprieties in the earlier years.

And remember that a lot of REPUBLICANS are now calling upon him to release the information. They understand the potential problems that could arise from some hidden bombshells in Romney's financial history.
6 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
My Favorite Wingnut emailed me about Pelosi's hypocrisy in calling on Romney to release his tax info (Original Post) Jackpine Radical Jul 2012 OP
A well-composed response. :^) GreenPartyVoter Jul 2012 #1
Last night Lawrence O'Donnell pointed out that DURHAM D Jul 2012 #2
Thanks for reminding me. I added that to a later version of the text Jackpine Radical Jul 2012 #6
Also Nevernose Jul 2012 #3
a) That doesn't stop the right-wingers from suggesting hypocrisy because she hasn't. Jackpine Radical Jul 2012 #4
Great response Jackpine, thanks. Scuba Jul 2012 #5

DURHAM D

(32,603 posts)
2. Last night Lawrence O'Donnell pointed out that
Fri Jul 20, 2012, 02:36 PM
Jul 2012

two very important pages had been purged from his 2010 return.

Jackpine Radical

(45,274 posts)
6. Thanks for reminding me. I added that to a later version of the text
Sat Jul 21, 2012, 01:48 PM
Jul 2012

that I will probably submit to one of the local papers.

Here's how that part now reads:


2) There is reason to believe that he had committed at least one felony with regard to hiding taxable income in Swiss accounts, and then took advantage of an amnesty program to clean the slate. Two pages in his 2010 return—the only one he has released so far—are missing. These are the only pages in the 2010 return that would shed light whether he had taken advantage of the amnesty program for people who had used their Swiss accounts to cheat on their taxes.

Jackpine Radical

(45,274 posts)
4. a) That doesn't stop the right-wingers from suggesting hypocrisy because she hasn't.
Fri Jul 20, 2012, 04:19 PM
Jul 2012

b) I think it would be an excellent idea for all national-level politicians to disclose their finances & those of their immediate families.

Running for political office is a voluntary activity, and we do have an interest in knowing about the conflicts that may exist in each case.

Latest Discussions»General Discussion»My Favorite Wingnut email...