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Jon Stewart's MUST-SEE piece cuts to core of Romney's real problem with Bain
Jon Stewart's MUST-SEE piece cuts to core of Romney's real problem with Bain
Back from a 2-week break, Jon Stewart started off last night strong with an awesome takedown of Mitt Romney's claim of a "retroactive retirement" from Bain Capital, as well as his blind trust excuse.
- more -
http://www.dailykos.com/story/2012/07/17/1110769/-Jon-Stewart-s-MUST-SEE-piece-cuts-to-core-of-Romney-s-real-problem-with-Bain
Back from a 2-week break, Jon Stewart started off last night strong with an awesome takedown of Mitt Romney's claim of a "retroactive retirement" from Bain Capital, as well as his blind trust excuse.
One small problem with Romney's explanation.
Between 1999 and 2002, Bain's SEC filing stated that Romney was the "Chief Executive Officer, President and Managing Director" of the firm, and paid Romney at least $100,000 a year. Mitt?
"I was just the guy with the smokescreen-ish yet still legal title of CEO and Managing Director who was paid at least $100,000 a year to do what, according to me, Mitt Romney, was nothing! And that's the kind of common sense business experience I hope to bring to the White House."
(wild audience cheering and applause)
<...>
And that really is the point of this campaign. If you're a so-called job creator in this country, even if the jobs you create are in India or China, you are legally entitled to wonderful things like offshore tax havens, and carried interest tax rates that are less than half the rate for normal income. Or $77,000 in business deductions for dressage horse competition expenses. Yeah, $77,000 tax break to send your horse to the fucking prom!
<...>
Between 1999 and 2002, Bain's SEC filing stated that Romney was the "Chief Executive Officer, President and Managing Director" of the firm, and paid Romney at least $100,000 a year. Mitt?
MITT ROMNEY (7/13/2012): The documents show that there's a difference between ownership, which is that I owned shares in Bain, but I did not manage Bain ... and when you leave an enterprise, and when you have other people managing the enterprise, who take responsibility for all the investment decisions, who decide who's going to get hired and fired, who decide compensation decisions, they're the managers, they're the people running the business.
"I was just the guy with the smokescreen-ish yet still legal title of CEO and Managing Director who was paid at least $100,000 a year to do what, according to me, Mitt Romney, was nothing! And that's the kind of common sense business experience I hope to bring to the White House."
(wild audience cheering and applause)
<...>
And that really is the point of this campaign. If you're a so-called job creator in this country, even if the jobs you create are in India or China, you are legally entitled to wonderful things like offshore tax havens, and carried interest tax rates that are less than half the rate for normal income. Or $77,000 in business deductions for dressage horse competition expenses. Yeah, $77,000 tax break to send your horse to the fucking prom!
<...>
- more -
http://www.dailykos.com/story/2012/07/17/1110769/-Jon-Stewart-s-MUST-SEE-piece-cuts-to-core-of-Romney-s-real-problem-with-Bain
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