"With regards to women's health care, look, I'm the guy who was able to get health care for all of the women and men in my state," the presumptive Republican presidential nominee told Chris Wallace on "Fox News Sunday." "They're [the Obama administration] just talking about it at the federal level, but we actually did something and did it without cutting Medicare and without raising taxes."
WASHINGTON -- Mitt Romney has repeatedly insisted during the presidential campaign that layoffs and other controversy surrounding Bain Capital companies for the past decade are not his responsibility, because he retired in 1999. When tax experts charged that he benefited from legally dubious tax avoidance strategies employed by Bain, his campaign noted that the investments are kept in a blind trust completely out of his control.
"As we have said many times before, Governor and Mrs. Romney's assets are managed on a blind basis. They do not control the investment of these assets. The investment decisions are made by a trustee," spokeswoman Michele Davis said.
But according to his 2010 tax return, when the Internal Revenue Service comes calling in April, Romney has a different answer: The presumptive GOP nominee reaps lucrative tax breaks for "active" participation in the private equity firm he founded, as well as a host of other investments.
As David Kautter, a tax expert at American University, explains, the concept of active investment has different meanings for the IRS and for regular people. "When you say you're actively involved in all these businesses, people do think, OK, you're actively involved. But the tax law has its own definition," he said.
That still leaves Romney in a rhetorical jam: For tax purposes, he claims an active status; for political purposes, he claims to have zero to do with the investments.
The distinction is valuable, for the IRS treats passive and active income and losses differently. If a passive investment loses money, the taxpayer can only write off that loss if passive gains have also been made and only at a 15 percent rate. But active losses can be written off at a 35 percent rate and deducted from the taxpayer's ordinary income. In other words, a taxpayer wants active losses, not passive losses. So by describing many of his investments as active, Romney saves himself millions of dollars in taxes.
Former Gov. Charlie Crist: Here's why I'm backing Barack Obama
I’ve studied, admired and gotten to know a lot of leaders in my life. Across Florida, in Washington and around the country, I've watched the failure of those who favor extreme rhetoric over sensible compromise, and I've seen how those who never lose sight of solutions sow the greatest successes.
As America prepares to pick our president for the next four years — and as Florida prepares once again to play a decisive role — I'm confident that President Barack Obama is the right leader for our state and the nation. I applaud and share his vision of a future built by a strong and confident middle class in an economy that gives us the opportunity to reap prosperity through hard work and personal responsibility. It is a vision of the future proven right by our history.
We often remind ourselves to learn the lessons of the past, lest we risk repeating its mistakes. Yet nearly as often, our short-term memory fails us. Many have already forgotten how deep and daunting our shared crisis was in the winter of 2009, as President Obama was inaugurated. It was no ordinary challenge, and the president served as the nation's calm through a historically turbulent storm.
All politicians flip-flop from time to time; but Mr Romney could win an Olympic medal in it (see article). And that is a pity, because this newspaper finds much to like in the history of this uncharismatic but dogged man, from his obvious business acumen to the way he worked across the political aisle as governor to get health reform passed and the state budget deficit down. We share many of his views about the excessive growth of regulation and of the state in general in America, and the effect that this has on investment, productivity and growth. After four years of soaring oratory and intermittent reforms, why not bring in a more businesslike figure who might start fixing the problems with America’s finances?
But competence is worthless without direction and, frankly, character. Would that Candidate Romney had indeed presented himself as a solid chief executive who got things done. Instead he has appeared as a fawning PR man, apparently willing to do or say just about anything to get elected. In some areas, notably social policy and foreign affairs, the result is that he is now committed to needlessly extreme or dangerous courses that he may not actually believe in but will find hard to drop; in others, especially to do with the economy, the lack of details means that some attractive-sounding headline policies prove meaningless (and possibly dangerous) on closer inspection. Behind all this sits the worrying idea of a man who does not really know his own mind. America won’t vote for that man; nor would this newspaper.
Some elements of that revised strategy will be evident at the Republican convention, which was set to open here on Monday but will be delayed until Tuesday because of safety concerns from Tropical Storm Isaac. The Romney campaign was hastily rearranging the schedule, but officials said the convention would still amplify the conservative arguments against the president with speakers like Gov. Nikki R. Haley of South Carolina and Gov. Chris Christie of New Jersey.
“We will absolutely be able to get our message out,” said Russ Schriefer, a senior campaign adviser. “We still have an opportunity to tell the story of the last four years of how President Obama has failed the country.”
The strategic shift in the campaign message that has been unfolding in recent weeks reflects a conclusion among Mr. Romney’s advisers that disappointment with Mr. Obama’s economic stewardship is not sufficient to propel Mr. Romney to victory on its own.
Romney reaches out to women before GOP convention
Mitt Romney said it is "sad" that President Barack Obama's campaign is trying to link him to Rep. Todd Akin's statements about abortion, as top Republicans preparing for the party's nominating convention urged the GOP presidential challenger to reach out to women and Hispanics.
There's no cure for s........... I guess it's a growth industry in the GOP; do everything in your power to stop the president from doing anything, then blame him for not doing much.
Chris Matthews engages in a little truth telling, speaking to GOP chairman Reince Priebus this morning on Morning Joe: "Everybody knows what game your playing: it's a race card." Romney's birth certificate joke was "awful," Matthews said and his welfare attacks are "dishonest."
Priebus's comeback? To echo Mitt Romney and say Matthews needs to learn how to take a joke. Matthews then asked Priebus to explain the joke. He didn't get an answer, because the explanation is obvious.
Even if Romney could persuade the IRS his involvement was legitimately active, that still leaves him in a rhetorical jam: For tax purposes, he claims an active status; for political purposes, he claims to have zero to do with the investments.