The National  Memo Logo

Smart. Sharp. Funny. Fearless.

Monday, December 09, 2019 {{ new Date().getDay() }}

Senate Majority Leader Harry Reid claims that a Bain Capital investor told him the real reason that Mitt Romney doesn’t want to release his tax returns: Romney didn’t pay any taxes for ten years.

Reid made the explosive charge during an interview with The Huffington Post. Sam Stein and Ryan Grim report:

“His poor father must be so embarrassed about his son,” Reid said, in reference to George Romney’s standard-setting decision to turn over 12 years of tax returns when he ran for president in the late 1960s.

Saying he had “no problem with somebody being really, really wealthy,” Reid sat up in his chair a bit before stirring the pot further. A month or so ago, he said, a person who had invested with Bain Capital called his office.

“Harry, he didn’t pay any taxes for 10 years,” Reid recounted the person as saying.

“He didn’t pay taxes for 10 years! Now, do I know that that’s true? Well, I’m not certain,” said Reid. “But obviously he can’t release those tax returns. How would it look?

“You guys have said his wealth is $250 million,” Reid went on. “Not a chance in the world. It’s a lot more than that. I mean, you do pretty well if you don’t pay taxes for 10 years when you’re making millions and millions of dollars.”

Reid did not name the Bain investor who supposedly called him up, nor did he elaborate on how this investor would know the details of Romney’s secretive finances. That is, of course, Reid’s entire point. The only way for Romney to disprove the charges is by releasing his tax returns, which he has steadfastly refused to do. Although it is a rather dirty tactic, Reid’s claim has very little political downside.

The Romney campaign responded in a statement from campaign adviser Kevin Madden, who told Politico that Romney had “gone above and beyond the disclosure requirements by releasing two years of personal tax returns in addition to the hundreds of pages of personal financial disclosure documents he has provided to the FEC and made public.”

Madden continued that it was “troubling and disappointing that Senator Reid would cite Governor Romney’s father, George, as part of a personal attack against the governor. We have many substantive disagreements with the senator and his policies, but using insults about a father-son relationship is a step too far.”

Although the campaign did not directly address the claim that Romney did not pay taxes for a decade, in the past spokesman Andrea Saul has said that it’s “not true” that the candidate has ever paid zero dollars in taxes.

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Danziger Draws

Jeff Danziger lives in New York City. He is represented by CWS Syndicate and the Washington Post Writers Group. He is the recipient of the Herblock Prize and the Thomas Nast (Landau) Prize. He served in the US Army in Vietnam and was awarded the Bronze Star and the Air Medal. He has published eleven books of cartoons and one novel. Visit him at DanzigerCartoons.

President Joe Biden

Photo by The White House

Reprinted with permission from Press Run

Amid breathless reports of a political "free fall" and reeling from the White House's "summer from hell," the Beltway press has leaned into the idea that Joe Biden's presidency is unraveling — that his approval rating is in a state of collapse.

Keep reading... Show less
x
{{ post.roar_specific_data.api_data.analytics }}