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November 23, 2014

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Harry Reid not backing down over issue of Romney’s taxes

Harry Reid

Harry Reid

A summary of Mitt Romney’s taxes over the past 20 years that says the Romneys paid state and federal income taxes each year didn’t cow Senate Majority Leader Harry Reid.

The Nevada Democrat continued to hammer on the Republican presidential nominee, who is slated to speak in Las Vegas this afternoon, dismissing the summary of tax information Romney released Friday.

“It’s rich to hear Mitt Romney complain about people not paying income taxes,” Reid said on a conference call with reporters, referring to Romney’s secretly recorded comments about the 47 percent of people who don’t pay federal income taxes. “An outline by some accountant about his blind trust? That’s not going to do it.”

Later he said: “He’s hiding something. He’s hiding something! It is so evident he’s hiding something!”

Romney’s campaign released a summary Friday of the couple’s blind trust over the past 20 years. The statement said the Romneys each year owed both state and federal income taxes. They paid federal taxes at an effective annual rate of 20.2 percent, and never less than 13.66 percent, according to the statement.

That would seem to blow a hole in Reid’s claim that started the summer of controversy over Romney’s taxes.

In an interview with the Huffington Post in July, Reid said an unnamed person who had invested with Bain Capital, which Romney used to head, told Reid that Romney didn’t pay taxes for 10 years.

Romney’s campaign Friday also released his 2011 taxes. Filings showed Mitt Romney and his wife, Ann, paid $1.94 million in federal taxes on last year’s income of $13.7 million, for an effective tax rate of 14.1 percent, according to the Associated Press.

That marks the second year of full tax returns Romney has released.

But Reid repeated his call for Romney to release full tax returns for at least 12 years.

Romney’s campaign, asked to respond, said: “President Obama’s campaign is willing to say or do anything to distract Nevadans from his failed record on the economy, the housing market and the fact President Obama’s policies haven’t worked.”

The Romney camp also noted that on Friday the state announced that Nevada’s unemployment rate increased in August to 12.1 percent.

On Thursday night, Republican Gov. Chris Christie of New Jersey said on “Face to Face With Jon Ralston” that no one would make up their minds on the presidential race based on Romney’s tax returns.

“Of course Harry Reid wants to talk about that, because Harry Reid can’t talk about the fact that he’s presided over a Senate that hasn’t passed a budget for three years,” Christie said. “I mean, he doesn’t want to talk about the substance of what affects real Americans’ lives. I do. And so does Mitt Romney.”

Reid, on the conference call with reporters, said of the summary: “A brief outline of his blind trust? Come on. How many people have a blind trust?”

He called it a “kabuki game.”

Ben Labolt, national press secretary for Obama’s campaign, said the summary demonstrates that Romney has the ability to release the returns.

“It’s clear that Romney has 20 years worth of returns prepared, ready to release to the public,” Labolt said on the call. “Instead of providing the rate on tax returns each year, they blended it together over 20 years...I think that’s telling.”

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  1. Reid sounds as idiotic as a birther on this issue. Democrats, PLEASE, replace him with Schumer as Majority Leader if you keep the Senate.

  2. What is Lord Reid hiding? How many millions has he obtained by using the influence of his office. Down with the ruling class - Send the Sir Harry's of this nation to jail where they belong. Credit where credit is due - no single person has done more to diminish Liberty, destroy the Constitution, and rape the People of Nevada than Sir Harry!!!

  3. You omitted an important statement attached to Romney's 2011 returns by his trustee Brad Malt:

    "The Romneys' generous charitable donations in 2011 would have significantly reduced their tax obligation for the year. The Romneys thus limited their deduction of charitable contributions to conform to the Governor's statement in August, based upon the January estimate of income, that he paid at least 13% in income taxes in each of the last 10 years," his trustee Brad Malt said in a note accompanying the return.
    http://www.huffingtonpost.com/2012/09/21...

    Romney needs to honor his father's tradition of releasing 12 years of tax returns. Romney's father, George Romney, was correct in stating it was too easy to manipulate 1-2 years of returns when he released 12 years of returns in his 1968 presidential campaign.

  4. Sept. 28!

  5. Mr. Hypocrite himself. Give me a break. How can anyone take our senile senator seriously.

  6. I don't like Romney, but enough already!

  7. Harry, show us the Obama budget you won't let see the light of day. Show us all the taxes you want to raise and the all the tax credits and subsidies the budget is giving to your wall street fat cats

  8. Anyone seen Reid the Red's tax forms lately? He must be in the early stages of Alzheimers he's so whacko. Aren't you leftists tired of his lies and ashamed to be represented by such a fool?

  9. Reid is an idiot. I can't wait to vote against him in 2016.

  10. Romney paid $2MM in taxes - donated $4MM to charity and made $13.7MM - that means he paid or gave away 43% of his income. He kept 57% of his income. Isn't 43% enough?

    If Dems really want to rid our country of poverty then the answer is simple. Every citizen should pay the same federal income tax percentage (averaged 20% since 1990), the same state income tax percentage (average 8% since 1990) and donate the same percentage of their income (averaged 14% since 1990) as Mitt did and we would eliminate poverty. That's it. Simple. Everyone should just do what Mitt did and we would rid the country of poverty.

    Until you pay 43% of your income in contributions and taxes then keep quiet. Obama and Biden weren't even close to these numbers. These tax returns are EXEMPLARY. We all should strive to be so generous. Let's see two years of Reid's taxes. He thinks Mitt should give 12 years, all I ask is that he gives us 2 years.

  11. Romney shouldn't be worried about the voters and his taxes; he needs to worry about the LDS who want their take. Reid is just looking out for the LDS and wants to make sure Romney is not skimming the house.