Reid continues hypocrisy of demanding Romney’s tax returns while keeping his secret … Look, rich people!

Harry Reid continued his sleight-of-hand routine Tuesday night at the Democratic convention, pointing with exaggerated animation to Mitt Romney’s tax returns in an attempt to distract everyone from the glaring facts right in front of their eyes. Look, rich people!

After introducing himself as the humble senator from Searchlight, Harry proclaimed in his customary deadpan:

“Never in modern American history has a presidential candidate tried so hard to hide himself from the people he hopes to serve. When you look at the one tax return he has released, it’s obvious why there’s been only one.”

Actually Romney has released his 2010 return and the preliminary figures for his 2011 return, but no need to quibble with mere facts when they get in the way of a tall tale.

“We learned that he pays a lower tax rate than middle-class families. We learned he chose Swiss bank accounts and Cayman Island tax shelters over American institutions. And we can only imagine what new secrets would be revealed if he showed the American people a dozen years of tax returns, like his father did.

“Mitt Romney says we should take his word that he paid his fair share. His word? His word? Trust comes from transparency, and Mitt Romney comes up short on both. …”

Your word? Your word, Harry? This from a man who has refused to release any of his tax returns nor state what percent of his income he pays in taxes or where he shelters his multimillion dollar assets or how he become a millionaire while serving in public jobs the vast majority of his life. I wonder whether his Christmas tips for the staff at the Ritz Carlton are deductible, since he did try to use campaign money for that purpose? And how did he report the $1 million he collected from the sale of property he had not personally owned for three years? Look, rich people!

“If we don’t know how Mitt Romney would benefit from the policies he proposes, how can we know if he’s looking out for us or just himself?”

How do we know who Harry is looking out for, since he continues to throw tax money at those who contribute to him and the Democratic Party?

Harry also said this about Republicans:

“In addition to the crowd of ‘couldn’ts’ and ‘shouldn’ts,’ the Republican Party has become the party of the ‘wouldn’ts’ and the ‘won’ts.’ They pledged on day one they wouldn’t lift a finger to help. And they haven’t.”

This from the man who controls the calendar in the Senate, which hasn’t passed a budget in more than three years, though the Republican controlled House keeps sending budgets over. This from a man who hasn’t been able to muster a single Democratic vote, including his own, for the budgets Obama has submitted.

Pay no attention to the facts, Harry says. Pay no attention to the fact Nevada has the highest unemployment rate in the nation, which Harry failed to mention. Pay no attention to the fact things have gotten worse under Obama’s policies and practices. Pay no attention to Nevada having the highest rate of foreclosures and underwater mortgages in the country, something that can be, at least partly, laid at the feet of Barack Obama and his community organizers with their “vampire socialism.” Look, rich people!

Today’s Investor’s Business Daily offers a handy guide to those facts, in some cases, for the sticklers out there, comparing today’s figures not only with those on the day Obama took office, but also to when the recession officially ended in June 2009. These are a few:

“• Median incomes: These have fallen 7.3% since Obama took office, which translates into an average of $4,000. Since the so-called recovery started, median incomes continued to fall, dropping $2,544, or 4.8%.

“• Long-term unemployed: More than three years into Obama’s recovery, 811,000 more still fall into this category than when the recession ended. …

“• Gas prices: A gallon of gas cost $1.89 when Obama was sworn in. By June 2009, the price was $2.70. Today, it’s $3.84.

“• Misery Index: When Obama took office, the combination of unemployment and inflation stood at 7.83. Today it’s 9.71. …

“• Debt: Everyone is far worse off if you just look at the national debt. It has climbed more than $5 trillion under Obama, crossing $16 trillion for the first time on Tuesday and driving the U.S. credit rating down.”

Never mind that food stamp recipients, as noted by The Wall Street Journal today, have grown from 33 million in 2009 to 46,670,373 as of Friday — nearly one out of seven Americans at a cost of $72 billion a year and growing. Those are Harry’s and Barry’s constituents. You know, the one’s who, by presidential decree, can keep drawing welfare without having to, well, actually work as the law states.

Harry didn’t mention any of those, but merely gestured and shouted: “Look, rich people!”

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24 comments on “Reid continues hypocrisy of demanding Romney’s tax returns while keeping his secret … Look, rich people!

  1. Bruce Feher says:

    What did you expect? For all the years Harry has been in office don’t you think if he had ANY clue as how to get America on track, he would have done it a long time ago?

  2. He’s just looking out for himself, his family and contributors, Bruce. I would say friends, but considering all people he’s trampled, I’m not sure he has any.

    ________________________________

  3. Steve says:

    Harry says “We learned that he pays a lower tax rate than middle-class families.” Politifact reported on this. Harry is flat wrong. Romney pays a little more than the average middle class payer and lots less than the “rich” like Harry and Obama. Its no wonder they are so mad at Romney, he is beating them at their own game, handily.

    Utah displays the full tax breakdown right on the gas pumps. That should be done in every state.
    Price of gas today in Needles CA. https://sphotos-b.xx.fbcdn.net/hphotos-ash4/386107_354164161324526_1983731844_n.jpg

    For all the whahoo! in the RJ about the great placement of the Nevada Democrat Delegation on the floor, they sure gave Harry a crappy timeslot.

  4. nyp10025 says:

    Middle class families pay a 13% marginal tax rate?

  5. Steve says:

    The answer to your question, Nyp, is the middle class on average pays less than 13% income tax.

  6. nyp10025 says:

    Can you provide a source for that, and can you tell me if that includes FICA, FUT and state taxes.

  7. Steve says:

    Politifact. I posted it from the first.
    You don’t follow links. Do your own research.
    I also checked my own returns for the last several years and I am middle class. I pay lots less than 13%

  8. nyp10025 says:

    your link is to a photo of a gas pump.
    and are you including all the payroll taxes that middle class people pay?

  9. Athos says:

    Me too. Of course, that is only the federal income tax. FICA is a whole other can of bankrupt worms.

  10. Athos says:

    Once again, people, AND YOU THOUGHT SHARRON ANGLE WAS THE EMBARRASSMENT? ??

    How do you like your choice, now?

  11. Steve says:

    Nyp, that was a different subject and you don’t follow links. My post covered two issues. Do your own research on the Politifact tax info.

  12. nyp10025 says:

    polifact is a big site. you must have gotten the information from somewhere. Provide the link, so I can verify your claim.
    And does it include all the payroll taxes that the middle class pays?

  13. Steve says:

    No sir Nyp. You dont follow liks. You said so yourself. I read it. It got a half right and the pertinent info was near the bottom of the article.

    My own returns support it too.

  14. Steve says:

    Wow that was hard to find on such a big site. took me all of 3 minutes, Nyp.

    “Even though this method validates the Obama ad, it’s worth noting that — contrary to the ad’s invocation of Americans who “stretch every penny” — it’s actually the wealthiest half of Americans, not those with low or middle incomes, whose tax rates end up exceeding Romney’s.”

    http://www.politifact.com/truth-o-meter/statements/2012/aug/09/barack-obama/barack-obama-says-most-americans-pay-higher-tax-ra/

  15. Milty says:

    I’m not sure why Senator Reid is making such a big deal about Governor Romney’s tax returns. After all, isn’t this the same guy who once claimed that payment of taxes in the good ‘ol USA was “voluntary,” unlike the compulsory system that the European countries have?

  16. Steve says:

    Milty. I don’t have a”like” button for you. So this will have to do.

    :mrgreen:

  17. nyp10025 says:

    Steve: Thank you for validating the point. Romney, the private equity guy worth hundreds of millions of dollars, pays a lower rate than many members of the middle class. Here is a portion of the politfact.com link you omitted from your post:

    “So what happens when you add payroll taxes to income taxes? Obama’s ad is accurate. Here’s the breakdown when you include income taxes and both sides of the payroll tax (the parts paid for by employee and employer):

    Bottom fifth of earners: 1 percent
    Second-to-bottom fifth: 7.8 percent
    Middle fifth: 15.5 percent
    Second-highest fifth: 18.7 percent
    Highest fifth: 24.3 percent

    Once again, we can’t know exactly what percentage of Americans paid a higher effective tax rate than Romney’s 14 percent, but the top two ranges, plus a significant share of the middle group, most likely did. So probably more than half exceeded Romney’s rate, making the Obama ad accurate.”

  18. WaPo: “Romney had an effective rate of 13.9 percent in 2010 and 15.4 percent in 2011. That gives him a higher rate than 80 percent of taxpayers if only taxes on a tax return are counted and puts him just about in the middle of all taxpayers if payroll taxes paid by employers are included.”

  19. nyp10025 says:

    Yup. My point exactly. A guy worth hundreds of millions of dollars pays a lower tax rate than most Americans.
    And that only for the two most recent years, after he cleaned things up in preparation for running for President. Who knows what he paid in earlier years? (Well, he knows, but he has decided to be the first nominee in modern history not to release multiple years tax returns.)

    Maybe he was paying extra taxes to Switzerland.
    Or the Cayman Islands.

  20. Steve says:

    1)
    No Nyp. My point exactly and Politifacts, is Romney pays a lower rate than the upper half of ratepaters. In other words the wealthy. The lower half pays a lower rate than Romney.

    It simply does not surprise me at all you would take one portion of that and call it 100%. I told you in this thread it was a half right but the fact remains Romney pays a higer percentage and a far larger amount of actual cash than people the middle class. Even your excerpt shows that.

    2)
    Romney ran for president before as well so if he “cleaned things up” then they would have been “cleaned up” in the prior run as well.

  21. Athos says:

    It’s not how much Romney pays, or I pay, or Steve pays, or Tom pays or even petey pays. It’s what DC (Harry, are ya listening?) DOES with the money that’s gotten us is so much trouble. Romney could have paid $500 million more in taxes over the last 10 years and ALL OF IT would have been wiped out by Solyndra, wouldn’t it?

    Why is that so hard for liberals to understand?

    Try this, instead, petey. Romney could have paid $1 TRILLION over the last 10 years, and all it bought us is a war in Iraq. Does that help you with our fiscally conservative concerns?

  22. Milty says:

    Nyp: When you state that Governor Romney is the “first nominee in modern history not to release multiple years tax returns,” how do you define “modern history”?

    In 1980, Ronald Reagan released one year of his tax returns. In 2008, John McCain released two years, which is the same number of years that Governor Romney will have released by election day.

  23. Rincon says:

    Unless I missed something, I believe Nyp successfully showed that many candidates in recent memory have released more income tax information than Romney is willing to release today. The fact that two candidates were found that didn’t only proves that Romney has good precedent for not releasing his tax information. It also seems that the Democrats are fair in truthfully complaining that he’s releasing less information than most recent candidates have. Let’s just let the voters decide.

  24. […] to protect his own power: — Someone who would, without a shred of evidence, accuse Romney of not paying income taxes for 10 or 12 years, depending on what day it is, while refusing to release his […]

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