Letter: Romney seeks out tax loopholes
Friday, June 1, 2012
Mitt Romney's wealth alone is not a sign that he is out of touch with most Americans. His multiple homes and Cadillacs, his willingness to make a $10,000 bet, and an income in the tens of millions of dollars alone do not place him in the ranks of those whose values do not jibe with those of the majority of Americans. Presidents Franklin Roosevelt and John Kennedy were wealthy Americans who did everything possible to improve the lives of middle- and low-income Americans.
It's not just wealth that colors what kind of a president Romney would make. It's the fact that he jumps through every loophole he can find to avoid paying taxes on it, like the money he has in Swiss bank accounts and the shell companies he has set up in offshore tax havens.
This does not represent hard work leading to success. This is tax avoidance at the highest level. He claims that everything he does is legal and in accordance with our tax laws. Sure.
It's legal because our corrupt Congress has made it legal.
This is the kind of tax unfairness that Romney will continue to support if he becomes president. Politically connected tax cheats are his constituency, not the majority of Americans.