New Jersey Governor Chris Christie
has called upon Mitt Romney to release his tax returns.
Christie, of course, is one of Romney’s most prominent and
vociferous supporters. Couple this with Romney’s dodgy answer
to the tax return question on Monday night’s debate, Romney now
stuck behind a rock and a hard place. As an aside, here’s an
amusing
interpretation of Romney’s answer by Kermit the Frog (albeit
without the blessing of Disney.)
The reason I say Romney is between a rock and a hard place is
because if he does release his returns (whether it is now or in
April) they will show that a good chunk of the millions he earns in
investment income that is taxed at 15%
is from Bain Capital. So while the tax return issue is put to
bed, Bain Capital is awoken from a not so restful sleep. While that
might not necessarily hurt his standing amongst Republicans, it
could certainly hurt his standing amongst independents. Unless
Romney can find a cogent way to explain how his record at Bain was
a rising tide that lifted all boats, his ship could run aground
against Obama, if not Newt.
somnolence| 1.18.12 @ 11:50AM
Romney simply will wrap Solyndra and the G.M. bailout around Obama's neck, and Fannie and Freddie around Newt's if need be. Problem solved, and it is more academic than you think.
Occam's Tool| 1.18.12 @ 11:54AM
It's capital gains, which is more risky than salaried income, and therefore taxed at a lower rate. All honest.
By the way, SuperPacs should not disappear.
Kingofthenet| 1.18.12 @ 12:05PM
Yet Vegas gambling counts as regular income, Wall Street gambling counts as 'Capital Gains' and the best part if you bet wrong you STILL get a writeoff! This is going to be a BIG deal, my new shirt, 'Sorry for being the 99%, but I don't earn the right TYPE of money'
Bob Miller| 1.18.12 @ 12:41PM
So is this Christie's hint that he might run?
Dai Alanye | 1.18.12 @ 1:16PM
While he's at it let him release a true copy of his birth certificate. In fact, all the Repub candidates ought to do so, never breathing a word as to Obama's photoshopped copies.
Bo Darville| 1.18.12 @ 2:08PM
Romney is shameful. Only a true 1%-er would make millions moving money around. A true man of the people would make millions writing his autobiography twice.
RJ| 1.18.12 @ 5:48PM
I think he should agree to release his tax returns the day after Obama releases his "authentic" school transcripts.
Since Christie has endorsed Romney, I sure hope he talked this over with him before making a public statement. This isn't the sort of thing you would expect from one of your supporters, unless it was approved in advance.