Campaign 2012 | National Politics

Around the world with Romney's money

Team Obama released a nice little informational graphic today plotting the many international homes of Mitt Romney’s money. [Original larger version here}:

If elected, Romney’s proposed tax plan would cut tax rates for the wealthy even further—cutting his own taxes and protecting loopholes that he benefits from. At the same time, he opposes the President’s Buffett Rule, which would require millionaires and billionaires to pay their fair share. That’s not right.

In 2010, Willard Mitt Romney paid an effective tax rate of 13.9% on his hundreds of millions of dollars in assets. You more than likely paid a much higher percent of yours.

As a candidate Romney supports bigger tax breaks for corporations that outsource jobs. As a CEO Romney outsourced jobs himself to Mexico and India. As governor of Massachussetts, Romney outsourced state government jobs to a call center in India. Anyone who’s dealt with such call centers knows how much help you get from one of those. But it does save a corporation money that they can spend on, say, bigger compensation for their top execs.

This proves Romney is very good businessman. It proves that Romney is very good at looking out for his own interests. That doesn’t mean he has a clue about how to look out for yours. Think about it.

Libby Spencer
Libby Spencer is a social media maven whose political commentary has been published on a wide variety of websites including a rather short lived guest blog at Fox News. She has been practicing her particular brand of punditry at the Detroit News Politics blog since April 2004.

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