The White House re-election campaign wants to make a deal. In exchange for GOP presidential challenger Mitt Romney releasing five years of tax returns, they will stop criticizing him for not releasing more. While hiding behind the skirt of Senate Majority Leader Harry Reid, the White House campaign alleges there may be as many as ten years when Romney evaded paying income taxes.
Romney says that over the past decade he has paid at least 13 percent in federal income taxes. According to the Joint Committee on Taxation, a non-partisan group, middle income families average paying 12.8 percent in federal income tax.
Critics complain that Romney pays too few taxes. At his income level, Romney pays plenty of taxes. Romney made every penny he has. Hence every dime he uses to make investments has already been taxed at wage income rates. Romney pays a lower tax rate than wage earners because a majority of his income comes from investments, which are taxed at a lower rate than wages. Investment income is taxed at a lower rate because, unlike wages, investments are at risk.
If Romney was guilty of income tax evasion, the IRS would already be after him and his campaign for the White House would long be over. The IRS falls within the Department of Treasury. At the behest of the White House, Treasury Secretary Timothy Geithner and the IRS would be all over Romney like a ravenous pack of hyenas.
Romney has released his 2010 tax records and vowed to release his 2011 returns. That matches the number of returns released in 2008 by Senator John McCain when he was the GOP candidate. The number of tax returns released by McCain was never an issue.
This is not Let’s Make A Deal, and David Axelrod is not Monty Hall. For Mitt Romney only a booby prize or worse waits behind curtain number three.
This bait and switch by the White House and their “progressive” co-conspirators is more than simply a distraction from the issues.
Throughout a shadowy, veiled, mystery shrouded political career where his own past has been intentionally concealed, obtaining confidential information about political opponents and distorting that information to smear them has been the signature move of this candidate.
Remember, the current Oval Office occupier is the same clandestine, shadowy figure caught in an open-mic moment with then Russian president Dmitry Medvedev saying that after his re-election he would have “more flexibility”.
Three members of a Russian punk band were found guilty and sentenced to two years in jail for protesting against Russian president Vladamir Putin. The band members were arrested on March 3rd and charged with “hooliganism”. Nadezhda Tolokonnikova, 22, Maria Alyokhina, 24, and Yekaterina Samutsevich, 30 have been in jail ever since.
What kind of flexibility is this secretive, anti-business, hostile to constitutionally protected individual Liberty White House promising to a Russian president who imprisons people for free speech?
Is this flexibility related to the Department of Homeland Security, the Social Security Administration, the National Oceanic and Atmospheric Administration, the Environmental Protection Agency, the Department of Education, the Department of Health and Human Services, and the Internal Revenue Service each purchasing multi-thousands of rounds of hollow point bullets?
Could this flexibility include plans to tighten the iron grip of power by imposing Martial Law and suspending elections to ensure he can finish the “fundamental transformation” of America through the imposition of a form of government completely foreign to every principle espoused by its Founding Fathers?
By agreeing to release any additional tax returns, Mitt Romney would be making a crucial mistake. Let the White House re-election campaign go into grand mal seizure. Let them scream like banshees and howl at the moon. Let them cry like babies. Let them wet themselves. Let them posture, threaten, intimidate and bully. You can bet your underwater sub-prime mortgage they will do anything, be it lie, cheat and steal to win this election.
To borrow a phrase from another popular television game show: No deal.Subscribe to our Morning Briefing and get the news delivered to your inbox before breakfast!