Reid: Bain Investor Told Me That Mitt Romney 'Didn't Pay Any Taxes For 10 Years'

[greenforest32]

Reid doesn't seem to be concerned.

http://www.politico.com/news/stories/0812/79415.html

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[greenforest32]

Obama is now campaigning on the claim that Ryan's plan would lower Romney's tax rate even further, to something shy of 1%. Is that possible?

If his plan involves eliminating taxes on capital gains (I think he wanted that just for $250k and under) then yeah.

Even back in the primary, Newt was saying under his (Newt's) tax plan (no capital gains taxes) Romney would pay virtually no federal income taxes because most of his income is classified as capital gains.

[greenforest32]

I don't see anything about limiting it to $250k here.

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http://roadmap.republicans.budget.house.gov/issues/issue/?IssueID=8514

Yeah opps, I was referring to Romney's plan: http://www.mittromney.com/issues/tax

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Newt even attacked him for it for 'engaging in class warfare' (why only no capital gains taxes for $200k/250k and under? he asked). Wouldn't be surprised if Romney is backing the House GOP plan now though.