Letter: Voting Romney bad for middle class - East Valley Tribune: Opinion

Letter: Voting Romney bad for middle class

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Posted: Friday, September 7, 2012 8:31 pm | Updated: 9:16 am, Tue Sep 11, 2012.

Mitt Romney would like the middle class to vote for him but, looking at his record, this would be a disaster for the middle class and all of America.

Not only does Romney have multiple houses, cars and boats and a $250 million fortune he built by swallowing companies and spitting them out — this proud plutocrat has used every possible conceivable trick to dodge taxes. The single tax return Romney has released is full of Byzantine and opaque tax shelters, including offshore investments in shell companies in Bermuda, a Swiss bank account, and a Cayman Islands account. Some how Romney also managed to squirrel as much as $102 million in a tax-protected IRA, using what tax experts say are legally questionable accounting tricks. Romney argues that he pays what the law requires and not a penny more, which in his case is 13.9 percent. But as most Americans struggle to pay their bills, they can’t evade taxes by hiding money in the Caymans or Bermuda. Romney is living proof of the Democrat campaign message: There are two sets of rules, one for the rich and powerful, and one for everybody else.

The world’s tax havens currently keep between $21 trillion and $32 trillion out of the world’s governments. This alone is threatening the world economy.

Congress has sent only 54 bills to President Obama so far this year, including 14 to rename post offices, nine to approve real estate transactions, and six to renew existing laws. That record puts the current Congress on track to hold one of the least productive sessions in recent times.

Could this be because Congress is hoping to destroy the American economy so they can win the next election?

Barbara Anderson

Mesa

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