Tuesday, January 24, 2012

Mitt Romney Releases Taxes - So What


Republican presidential contender, Mitt Romney, released his tax returns for 2010 and it brings up the question: So what? Do these returns show us anything we didn’t already know? The answer is no.

It has never been a secret that Romney has a boatload of money, which he has earned legitimately by investing wisely. Some might say when he worked at Bain Capital he made money off of these companies when they were closed, but it can also be argued these companies would have failed anyway. Don’t forget there were also companies that were saved.  As Romney pointed out in Monday’s debate on NBC, he shouldn’t and won’t apologize for being successful.

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It also hasn’t been any secret that Romney has donated to his church and other charities, unless for some reason this is a bad thing. Studies have shown that most conservatives donate more of their money to charities than do liberals, so this point can’t be attacked by the left. These returns also show that Romney paid the 15% rate which he already said he did. Of course there are some who will say he should have paid more, which is interesting in that we never hear anything about Barack Obama’s favorite corporation, General Electric, hasn’t paid any taxes. Does the letter after your name make a difference in if one is attacked or not?

When people like Romney, who has made most of his income through smart investments instead of through trust funds like many of his critics, decide to not invest in companies, whether failing or vibrant, the rest of the country will suffer. Romney can live quite comfortably off of the investments he has already made, he could very easily divest his interests in companies which could lead to these companies failing. If they fail where will these employees work? Where will the tax money used to support those who don’t work come from? And who will invest in all the new companies which are to provide all these green jobs which Obama is constantly jawing about?

So Romney’s taxes are out and it appears there was an awful lot of fuss about nothing, when does the public get to see whether Ron Paul actually wrote those newsletters or Barack’s college transcripts?

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