CommunityPam's House Blend

More GOP calls for Romney to release tax returns; take a look at his $77K dancing horse tax deduction

Mittens is in a lot of hot water about his timeline with Bain Capital and his myriad tax shelters. There are new GOP calls for him to release his tax returns.

Democrats have been making hay out of Mitt Romney’s finances for weeks, claiming that voters can’t fairly judge reported assets in notorious tax havens unless he releases his past tax returns. A handful of Republicans appear to be growing concerned that Romney is giving them room to operate.

On Thursday, Rep. Pete Sessions (R-TX), who heads all House GOP campaign efforts, told reporters that questions about Romney’s holdings were on target, according to CNN.

“His personal finances, the way he does things, his record, are fair game,” Sessions said. While he declined to name a specific amount of information or number of years’ worth of tax returns Romney should release, he called the issue a “legitimate question.” Romney has only released his 2010 tax return and had said he will release his 2011 return before the election.

I’m still savoring his preposterous performance art at the NAACP convention.

While many Americans struggle paycheck to paycheck, paying regressive sales taxes and sees a big hunk of their tax burden sucked right out of those paychecks, it’s hard for Romney — in the 1% with the means and opportunity to take advantage of the tax code to avoid paying what he technically owes — to be credible at all. He in essence pays proportionately less taxes than most of those sitting in that audience that he intimates loves “freeloading” on taxpayer-funded programs.

This entertaining graphic about Mitt and his hypocri$y is viral on social media.

Scolded the NAACP for wanting free stuff from the a $77K tax credit for his pet horse last year.

The back story on Willard’s horse, via DKos:

The Romneys declared a loss of $77,000 on their 2010 tax returns for the share in the care and feeding of Rafalca, which Mrs. Romney owns with Mr. Ebeling’s wife, Amy, and a family friend, Beth Meyers.

Notice: Romney’s 1/3 ownership of the dancing horse gave rise to a $77,000.00 Tax Deduction — at a time when America is paying its Debt on Two Wars I don’t think Americans should be subsidizing Romney’s, apparently, very needy horse.

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Pam Spaulding

Pam Spaulding