YOU KNOW THE GREATEST THING ABOUT AMERICA IS THAT A LIER WILL SOONER OR LATER BE FOUND OUT. DON'T YOU AGREE;"Team Obama dings Romney for undisclosed Bermuda holdings
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JUSTIN SULLIVAN/GETTY IMAGES
New details have emerged about a Bermuda-based company that was omitted from Mitt Romney’s numerous financial disclosure reports.
President Obama’s re-election campaign pounced on recent reports about Mitt Romney’s offshore holdings as new details emerged about a Bermuda-based company that was omitted from multiple financial disclosure reports.
In a Twitter post, the Obama campaign quoted Vice President Joe Biden as saying last week, “We need to choose someone who invests in America, not in a Swiss bank account.”
The campaign also linked to a map highlighting the tax havens where Romney has reportedly kept funds: Ireland, Switzerland, Luxembourg, Bermuda and the Cayman Islands.
READ MORE: ROMNEY'S WEALTH IS WELL HIDDEN IN OFFSHORE ACCOUNTS: REPORT
A Bermuda company called Sankaty High Yield Asset Investors Ltd. was under particular scrutiny Wednesday.
According to a report by the Associated Press, Sankaty was transferred to a trust owned by Romney's wife, Ann, one day before he was sworn in as governor of Massachusetts in 2003.
The offshore company did not appear on financial reports until it was revealed in the Romneys' publicly released 2010 tax records.
READ MORE: ROMNEY HAS A FORTUNE IN THE CARIBBEAN
While those records show Sankaty had almost no assets, tax experts told the AP that such partnership stakes could still bring in significant income.
The Romney campaign has insisted that the candidate met all disclosure requirements and did not use offshore accounts to avoid U.S. taxes.
Although there is no evidence that the omission of Sankaty and other holdings was improper, the reports renew questions about how the Republican candidate has managed his fortune and taxes.
It also provides fodder for critics like Obama campaign adviser David Axelrod, who sent a series of tweets Wednesday accusing Romney of playing “hide-and-seek” with his personal finances.
Read More: http://www.nydailynews.com/news/election-2012/team...
For another Romney recently exposed, see my post at:
http://www.sodahead.com/unite...
"YOU KNOW THE GREATEST THING ABOUT AMERICA IS THAT A LIAR WILL SOONER OR LATER BE FOUND OUT."
1. Americans want higher taxes: During the debate over raising the debt ceiling, President Obama said that 80% of Americans support including higher taxes as part of the deal. But a Rasmussen poll taken the same week showed that only 34% believe a tax hike should be included in a debt-ceiling agreement.
2. Mother denied health insurance: During his presidential campaign, Obama said that his mother died of cancer after being denied coverage for a preexisting condition. He used her image in a campaign ad, repeated the claim in debates, and used the same rhetoric as President when he tried to sell ObamaCare to the American people. But a new book by New York Times reporter Janny Scott says that Obama’s mother, Ann Dunham, had health insurance through her employer and was only denied disability insurance.
3. Tax restraint for middle and lower class: Obama pledged during his campaign and throughout his presidency not to raise taxes on families making less than $250,000. But ObamaCare’s individual mandate will hit many under the $250,000 mark. (Obama’s own Justice Department said the mandate was a tax, not a penalt...
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"YOU KNOW THE GREATEST THING ABOUT AMERICA IS THAT A LIAR WILL SOONER OR LATER BE FOUND OUT."
1. Americans want higher taxes: During the debate over raising the debt ceiling, President Obama said that 80% of Americans support including higher taxes as part of the deal. But a Rasmussen poll taken the same week showed that only 34% believe a tax hike should be included in a debt-ceiling agreement.
2. Mother denied health insurance: During his presidential campaign, Obama said that his mother died of cancer after being denied coverage for a preexisting condition. He used her image in a campaign ad, repeated the claim in debates, and used the same rhetoric as President when he tried to sell ObamaCare to the American people. But a new book by New York Times reporter Janny Scott says that Obama’s mother, Ann Dunham, had health insurance through her employer and was only denied disability insurance.
3. Tax restraint for middle and lower class: Obama pledged during his campaign and throughout his presidency not to raise taxes on families making less than $250,000. But ObamaCare’s individual mandate will hit many under the $250,000 mark. (Obama’s own Justice Department said the mandate was a tax, not a penalty, when it argued its constitutionality.) Not to mention a higher federal cigarette tax and countless other “fees” in the health care law that hit the middle and lower class.
4. Shovel-ready jobs: When Obama was selling his $787 billion stimulus package, he consistently bragged about how shovel-ready construction jobs would be funded across the nation. Even the President later admitted that was a lie, when he told the New York Times: “There’s no such thing as shovel-ready projects.”
5. Keep your doctor: President Obama repeatedly pledged that under his health care measure, Americans would be able to keep their doctors. However, with rising costs, many employers will dump their health care plans and force workers into the state health care exchanges (unless you belong to one of the unions getting ObamaCare waivers.) A survey by McKinsey & Company found that more than 30% of companies will discontinue coverage for their workers.
6. No lobbyists: During the 2008 presidential campaign, Obama said: “We have the chance to tell all those corporate lobbyists that the days of them setting the agenda in Washington are over. … I don’t take a dime of their money, and when I am President, they won’t find a job in my White House.” At least a dozen former lobbyists got top jobs in his administration at the beginning of his presidency, according to Politico, and National Public Radio reported the Obama administration was granting waivers to lobbyists to circumvent the ban.
7. Foreign money in campaigns: During his 2010 State of the Union address, and again during the 2010 midterm elections, Obama railed against foreign money influencing U.S. elections. The only problem was that there was no evidence to support the charge or, as Supreme Court Justice Samuel Alito, in the State of the Union audience, silently mouthed, “Not true.”
8. Arizona immigration law: During the battle over Arizona’s immigration law, President Obama said: “Now suddenly if you don’t have your papers and you took your kid out to get ice cream, you can be harassed, that’s something that could potentially happen.” Uh, actually, Mr. President, it couldn’t. The law would allow law enforcement officials to inquire about immigration status only when there is suspicion of a crime being committed.
9. Transparency: Obama pledged that transparency would be a top priority, but his administration refused to grant one-third of the Freedom of Information Act requests, according to an Associated Press analysis. He also was dishonest about transparency when he said that health-care negotiations would be televised on C-SPAN and that he would wait five days to sign a bill so people would have a chance to read it online.
10. Constitutional oath: During his January 2009 inauguration, Barack Obama pledged to “preserve, protect and defend the Constitution of the United States,” yet he has consistently ignored the 10th Amendment giving powers not enumerated in the Constitution to the states. Exhibit No. 1: ObamaCare.