Now Obama Ad Gets in on 'Taxless Mitt' Narrative
Plus, ad discusses Romney role in huge tax avoidance scheme
By Evann Gastaldo, Newser Staff
Posted Aug 10, 2012 9:07 AM CDT
Loading... Please wait

(Newser) – Did Mitt Romney pay no taxes for 10 years, as Harry Reid has been alleging? Well, the Obama campaign doesn't know, but it certainly implies that's a possibility in its latest ad. "Did Romney pay 10% in taxes? Five percent? Zero? We don't know," says the ad's narrator. "But we do know that Romney personally approved over $70 million in fictional losses to the IRS as part of the notorious Son of Boss tax scandal, one of the largest tax avoidance schemes in history."

That last claim refers to what ABC News refers to as six years' worth of "complicated tax avoidance measures" taken by the Marriott hotel company while Romney chaired its audit committee in the 1990s. But the Romney campaign says the ad's allegations are exaggerated, "dishonorable and dishonest." In another new ad, the Obama campaign fires back at a recent Romney ad assertion that Obama plans to end welfare's work requirements, Politico reports. The Obama ad cites a number of emphatic rebuttals of Romney's claim, including the New York Times calling it "blatantly false."

View 1 image
More From Newser
My Take on This Story
To report an error on this story,
notify our editors.
Now Obama Ad Gets in on 'Taxless Mitt' Narrative is...
72%
1%
1%
1%
23%
2%
Show results without voting
You Might Like
Comments
Showing 3 of 173 comments
RAD45
Dec 4, 2012 2:34 PM CST
"...the Romney campaign says the (Obama) ad's allegations are exaggerated, "dishonorable and dishonest." BUT the Romney Campaign didn't say they were false. I suspect there's a LOT about the Mitt's accounting practices we don't know. At this stage, who cares that much. Mitt is gone. The Tea Party blames everything on him like they blame the President for everything. Mitt's in a select group.
Ultraworld
Sep 23, 2012 7:56 PM CDT
Romney has another 10 yrs of returns coming. Tax schemes like these are to help save floundering companies. I doubt it goes towards Romney's bottom line. He was on the board of directors. The rich pay little taxes, that's been established. Obama still wont tell me how we are going to get out of this mess we are in. Yes We Can? Clean Coal? Stop worrying about Romney's taxes & tell us how your going to fix this. "I didn't know how bad it was" is not going to cut it.
donkeyshowhost
Aug 10, 2012 11:52 PM CDT
if he didn't pay taxes for 10 years wouldn't he be getting prosecuted? oh wait loopholes? at least he filed a return which a few obama appointees never bothered to do. when the dems bring romneys taxes up they should thank their lucky stars that voters have short memories.