Romney says he pays about 15 percent in income tax

[askmrjesus]

Originally Posted by goof2

Bain has 138 corporate entities in the Caymans now, Romney hasn't run Bain since 1999. Whose record is it?

Romney started Bain, with two other guys. I don't know exactly how many Cayman based entities they had back when he was in charge, but I'd be willing to bet it was more than a few.

The point is, Romney is not going to turn his back on all his business buddies if elected. The loop holes will get bigger, not smaller.

There is a lot of talk in Republican circles about entitlements for the "poor". Welfare, food stamps, Social Security, yadda, yadda, yadda. Yet the Republicans don't seem to have any aversion to Corporate Welfare in the form of subsidies, tax breaks, and loop holes. So again, the idea of "entitlements" for the rich are OK, but not for the poor. They want it both ways, and the hypocrisy is staggering.

Originally Posted by goof2

As the former employees of Circuit City or Lehman Bros. how great it is to work for a weaker company. If it weren't for government largesse you could throw the majority of the financial and automotive industries in America in to that mix. Weak companies eventually fail. There are no complaints from employees of failed companies because there are no employees.

That's true. Then again, a lot of those companies (especially those in the financial industry) wouldn't be so weak if adequate regulations were in place, to prevent them from making deals that should have never been made. Deals that were focused on short term gains for wealthy investors, with ZERO concern for the less wealthy, and the impact made on the economic security of the country as a whole.

JC