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Thursday, September 29, 2016

Obama Campaign Slams Romney’s Offshore Accounts [Video]

President Obama’s re-election campaign is launching a new offensive against Mitt Romney, hammering the former Massachusetts governor for keeping his money in foreign bank accounts.

The campaign’s new ad, “Swiss Bank Account,” accuses Romney of shipping jobs overseas while he worked at Bain Capital and of outsourcing government jobs to India while he was governor.

“It’s just what you’d expect from a guy who had a Swiss bank account,” the ad concludes.

The ad will air on broadcast television in the crucial swing states of Iowa, Ohio, and Virginia.

Meanwhile, Obama’s campaign website has posted an infographic which shows all of the overseas locations of Romney’s money according to Mitt and Ann Romney’s 2010 tax returns.
“We don’t know if he’s using these accounts to avoid paying his fair share in taxes,” the website warns, “but we do know that in 2010, Romney’s tax rate was a startlingly low 13.9%…tell Mitt Romney: Bring your offshore accounts back to the USA.”

When Romney’s tax returns were released in January, they helped contribute to a huge slide in the polls that threatened to derail Romney’s campaign. Until Romney proves that he has a convincing response to criticism about his offshore accounts, don’t expect the Obama campaign to let the issue die.

  • politicalhack1

    How can someone like this call himself a former business leader, who can apply business smarts to handling the economy. That would mean that he had to work for a living. With a tax rate that low, all or most of his income would come from capital gains, and not from salary. Had he been employed as a CEO or anything else, his tax rate would have been high, at least minimally. I understand that 15 percent is common for his type of holdings, so a salary would have brought the tax up, not down to below 14 percent.

    I also understand, when he was involved in business, it was in a position where he dissolved companies and sent jobs overseas. So, ask yourself, how can a man with this kind of “business”
    background offer positive help in straightening out our economic situation?

    • montanabill

      Ignorance is bliss and your handle says it all.

      • you are the most blissful person ever.

      • joyscarbo

        Can’t believe you are co-signing whatever the republican party says and does. AMAAAAZING!!!! What a greedy, tax-evading crook!

        • montanabill

          You obviously haven’t read many of my posts. I have absolutely no problem with anyone of either party or independent who follows the law. If you want to call them names because they are smarter than you, be my guest. If you want the law changed, call your Congressman.

          • joyscarbo

            Well then, I’m in very good company. There are many people who are smarter than me and I’m not so proud to admit that…but there are a lot of people on this website who agree with me…are they all “not smart enough” for you?

          • montanabill

            No one ever gets style points for name calling.

          • joyscarbo

            You could use a dose of your own advise as well, Bill.

  • montanabill

    Nice map. Now how about detailing how the Romney family actually cheated on paying any taxes owed. Just a clue, values are not required to be reported, only income or losses. Another attempt to influence the stupid.

    • “Until recently, too, they were allowed to set up offshore corporations in places like the Cayman Islands, which allowed them to avoid paying U.S. taxes until they return the profits home.

      “That allowed Romney to defer his income taxes until he repatriated his income to the U.S.,” Fleischer said. “It [was] like having an unlimited 401k account…. These kinds of techniques are not available to ordinary tax payers.” from TPM

      Romney is not taxed on any of the money made and still making from Bain Capital until he draws it. The most he could ever pay is 15% if he had no deductions. The same is true of the trust frund of $100 million he set up for his sons. Never taxed yet and won’t be unless they draw from it and then it also will be at the 15% minus deductions. Not what most people can do. We get our check and the money is already taken out for taxes.

      I don’t mind how much someone earns or where they keep their money but I do expect them to pay their taxes when earned not this sweetheart deal that only benefits a very select few.

      • montanabill

        I see. So you are paying taxes on your IRA or 401K when the money is earned? How about Social Security? That’s before tax money. Will you be paying taxes on it when you start receiving it?

        • I have had post tax and pre tax IRA’s. I paid a 5% penalty to take them before age 55. Had health issues I needed to take care of. Social Security is a tax incase you didn’t know it. It is not a before tax money as you describe it. A tax on both me and my employer on the total amount earned, and then Medicare is also taken out as another tax, or on me totally after I became self employed after losing my job in 2005. I took early retirement 2 1/2 years ago at 62 1/2. As long as I do not earn above 14,000 per year I do not lose any of my Social Security and it is taxable at 50% above the 50% mark in earnings. So the answer is for you and I could have told you none of your business but I like to be open and honest which is more than I can say Romney is. I am also a disabled veteran how about you? Do you have a problem with that too? Do you know what the very first Congresses first action taken was? To pay for the veterans care required because of the Revolutionary War.

          So what about you billy boy, do you make your money the old fashioned way?

          • montanabill

            Not quite. Your employer’s contribution is not taxed. And, if you are typical, you will receive more money from SS than you and your employers ever put into it, making that part essentially a tax exempt growth. You are right about both of them being taxes, but the discussion was about money sitting and earning that is not taxed at the time of earning but only when taken out. Thank you for your service and I have absolutely no reservation about my tax money being used to provide you and other veterans whatever medical services you might require. Wounded Warriors is my favorite charity. I was a gap baby. Too young for Korea, too old for Vietnam. The answer to your last question, is yes. I was raised on a dirt street on the poor side of town, started working at 10, worked my way through college (over many years), worked for small companies and large companies, started and failed at several businesses, finally started a few that succeeded. I currently employ a fair number of people in many states.

        • hybrid80

          The difference is that IRA’s and 401K were designed to encourage the small earner, and is a type of loan which allows the gov. to use the money in the meantime, whereas the Cayman trick by rich unscrupulous big shots, benefits only them and the Caymans.
          Romney should run for office there, I am sure he is very popular with the voters there.

  • Same place you do, Dummy.

  • Same place you do, Dummy.

  • Same place you do, Dummy.

  • Same place you do, Dummy.

  • Well I can say one good thing about Mitt……..uh, uh,uh…………….

  • Well I can say one good thing about Mitt……..uh, uh,uh…………….

  • Well I can say one good thing about Mitt……..uh, uh,uh…………….

  • Well I can say one good thing about Mitt……..uh, uh,uh…………….

  • 1olderbutwiser1

    Vote Ron Paul. Anybody who thinks Romney or Obama cares the very least little bit about working people in this country needs their head examined.

    Obama squanders our money like a militant black with stolen credit cards, and Romney steals it then hides it in other countries. How in the world has our political system failed us so badly?

    It’s our own fault. We have been suckered into an entitlement game where they simply create money out of thin air, giving government excessive benefits and wages and more and more overbearing government positions at every level. This absolutely MUST be changed. We are at the precipice of losing our Republic.

    Let’s support a REAL NAFTA. elect Mexicans and Asians to Congress by throwing the American bums the hell out. You think those countries have corrupt politicians? LOOK AT OUR OWN !!!!!

    Electing Ron Paul is the single and ONLY solution, don’t fool yourself. Yes, to save our Nation and our children, this is what must be done. Time for patriotism rather than meism. Be honest with ourselves. This is probably our last chance.

    We have moved beyond racism, we now have all races and nationalities uniting against the thieves . They are the government and these entitlement recipients with their facetious “rights”. Throw ALL these bums out. It’s the only way for a god-fearing people to survive.

  • 1olderbutwiser1

    Vote Ron Paul. Anybody who thinks Romney or Obama cares the very least little bit about working people in this country needs their head examined.

    Obama squanders our money like a militant black with stolen credit cards, and Romney steals it then hides it in other countries. How in the world has our political system failed us so badly?

    It’s our own fault. We have been suckered into an entitlement game where they simply create money out of thin air, giving government excessive benefits and wages and more and more overbearing government positions at every level. This absolutely MUST be changed. We are at the precipice of losing our Republic.

    Let’s support a REAL NAFTA. elect Mexicans and Asians to Congress by throwing the American bums the hell out. You think those countries have corrupt politicians? LOOK AT OUR OWN !!!!!

    Electing Ron Paul is the single and ONLY solution, don’t fool yourself. Yes, to save our Nation and our children, this is what must be done. Time for patriotism rather than meism. Be honest with ourselves. This is probably our last chance.

    We have moved beyond racism, we now have all races and nationalities uniting against the thieves . They are the government and these entitlement recipients with their facetious “rights”. Throw ALL these bums out. It’s the only way for a god-fearing people to survive.

    • We should really try to have Ron Paul run as an independant. It does not take a rocket scientist to realize he will never get the Republican nomination.

      • 1olderbutwiser1

        You may be right. But Ron Paul has a delegate count going for him that will probably force a second count at the convention. He may well stall Romney off. Should that happen, he would be the nominee, and the repubs are a sizable party, which enhances his chances at Obama. General consensus is Obama headed to retirement no matter who runs against him. Romney has a lot of corporate support, but Paul has people support.

        • Someone is not paying atention to the polls. Looks to me, at this point, Obama is going to run away with it! The man is smarter than all the GOP put together!

      • 1olderbutwiser1

        You may be right. But Ron Paul has a delegate count going for him that will probably force a second count at the convention. He may well stall Romney off. Should that happen, he would be the nominee, and the repubs are a sizable party, which enhances his chances at Obama. General consensus is Obama headed to retirement no matter who runs against him. Romney has a lot of corporate support, but Paul has people support.

    • We should really try to have Ron Paul run as an independant. It does not take a rocket scientist to realize he will never get the Republican nomination.

  • The republicans want the old fuedal system back where old people starved and had little or no medical , no food and huts to live in. If you want this kind of life vote Republican

  • mstosh

    Go get em Mr. President. It’s clear no matter whate you do, those that don’t want to accept it won’t so do you. Whats funny is, the GOP really think the people of the United States are crazy and stupid to believe that ALL of this trouble came about within the last 3 years, and that Congress refuses to do what needs to be done because they are looking at Y O U, the man and not what is best for the country. EVERY ONE IN CONGRESS need to be F I R E D. As for Mitt, his own party do not want him, they are settling for him because Newt has always been crazy as hell, and the rest is worse, and he had enough money to stay in the forefront, so he is not at all what they want, Mitt is what they are having to settle for and because they can’t handle a BLACK MAN being in office as the Chief they will sale their souls to the devil to get you out, but God is in control and if we had to put up with AM-BUSH ass for 2 terms and he didn’t know his head from a hole in the ground, you look dam good to me. So all you haters, keep hating because one thing about it, win, lose, or draw, he is the Commander In Chief now and there ain’t a DAM thing you can do about it. He has made his mark in history either way it goes.

  • just another rich republican screwing this country of much needed resourses while satisfing their insatiable greed for more.these are the same people crying about the budget deficet and blaming obama when they are to blame for the recession.

  • If Mitt Romney ever decides to tell the truth… well, I guess that pretty unlikely now. He’s been a serial liar for so long, he almost certainly doesn’t remember what the truth is.

  • joyscarbo

    Jesus H. Christ!!! I had no idea that Mitt was this big of a greedy, facist, money-hidding jerk!

  • romneys banking pattern mirrors the mob and the “escaped” nazi high command. i say escaped for the few top boys who werent brought here or to moscow, and set-up as royalty. ( they bought argentina and other intresting places instead) he is another perfect example of the totally amoral takers of money and power , at anyones expence but their own. it is long past the time for the citizens of the world to stand and say, stop destroying this planet for the profit of a handfull of despots and perverts.we all were born into paradice, not 3guys from texass’ backyard. or a bunch of drag queens in the vatican. we as a spieces can no longer afford to allow the few useless inheritors of murderers and thieves to rule our governments. the fact of the coupdeta in 1963 in dallas has made a mockery of our country.from corprate wars to the cia importing more dope than every independant dealer combined(including the mob) from the tigres shriners trying(and suckseeding) to continue the crusades to the bush plan to bring down the towers to force the “patriot act” down our throats. the continued manufacturing of “bad guys” so the war machine can continue chewing up billions of dollars and the lives of as many poor people as possable. the new g.o.p. is just the good old nazis.i would love to believe that president obama signed away the last of our rights on december 31st. because of the danger to his famillys . but i am afraid that he is just fulfilling the instructions given to get him to get the job. he is still the only choice, the rest of the bunch have zero credability, or any moral right to any place in our government. and as the right wing crew sing bo ho obama ruined the country, we the people have seen what they have or havn’t done in the 4o years it took to destroy U.S.

  • iloverees2

    How can Rommey call himself a true American. His business was to take over companies, send jobs overseas, thus increasing unemployment in theUSA . Have accounts off shore to prevent paying taxes. OH YELL this is the leader this country needs. Vote
    republican if you love poverty, cardboard boxes and picking thru the garbage.

  • montanabill

    So we need two kinds of America. One where deferred taxes are legal for some and another where deferred taxes are illegal for others.