AC360 Tuesday 8p

Ferry crew members answered questions about why more life rafts were not deployed. Tonight on AC360, the latest from South Korea on the effort to reach victims.
July 10th, 2012
08:00 PM ET

Tonight on AC360: Tracking Mitt Romney's money

Democrats are criticizing Mitt Romney for having overseas investments, with money in a variety of countries including Switzerland, Bermuda and the Cayman islands. Anderson Cooper will speak with a tax shelter expert who has investigated Romney's holdings. Plus, Mary Matlin and Ali Velshi weigh in on the issue. Watch CNN at 8 and 10 p.m. ET.


Filed under: Mitt Romney • Taxes
soundoff (8 Responses)
  1. Terry

    Anderson – Mr Romney has released probably all the information that he is going to unless absolutely pressured to the brink. What Mr Romney is not getting out to the electoret is that the American Dream can once again be realized if policies, etc are put in place properly. What else Mr Romney has not said is that in the US, the American Dream could/can be realized and when you use the proper accountants/tax people as a business person, you too can pay a lower rate of tax. These tax laws are open to every American and they are there to encourage entrepeneurs to re-invest their assets back into their business. I realize, of course, that right now you may be able to get access to start-up money or investment capital but there are thousands of businesses who register as LLCs, LLPs, corporations, etc, etc to get the most tax advantageous position for their business. Once again, remember that this is open to every American whether they are self-employed or work for somebody else, there's always a way to lower your income if you're willing pay for the proper people to give you advice and do your taxes.

    July 11, 2012 at 6:46 pm |
    • Greg

      @Terry – the fact that "those tax laws are open to every American" don't do much good if those Americans don't have millions of dollars of investment income to live off of. Are you saying if the single mother with 2 kids earning $25k a year would just pay a high priced accountant, she could be just as well off as Mitt Romney? (Oh, of course, she declared herself an LLC first...) You're making a totally unrealistic argument, I think.

      July 11, 2012 at 9:59 pm |
  2. Kevn

    Wondering where romney's money is,that swiss bank account,so he doesn't have pay taxes,just like the GOP don't tax the rich or the corporations but stick it to the middle class

    July 10, 2012 at 8:59 pm |
  3. TMurphy

    The big picture issue is: "Where is the American Job Creator in a candidate that squirrels away his money in overseas investments?". This completely undercuts the rationale of a tax policy that protects the rich so that they can create jobs for Americans.

    July 10, 2012 at 8:35 pm |
  4. Steve

    This is pretty simple, what would the Republicans be saying if this was Obama back in 2008 who decided not to make his income and taxes public? They would be beating him up from every angle. They still go after him about his birth certificate and grades!! So before anyone decides to defend Romney and the Republicans please think what this would sound like if the shoe was on the other foot. There is nothing wrong with the American public knowing about the income and taxes for past years of a person who wants to lead our country.

    July 10, 2012 at 8:20 pm |
  5. Jane

    Mitt Romney's lack of compassion for his dog he tied, in the crate, to the top of his vehicle speaks more about his character than any other aspect. He should be arrested and shouldn't be considered for any office, especially the President of the United States.

    July 10, 2012 at 8:20 pm |
  6. Chris

    If the sitting President should have to provide his birth certificate to dispel any doubt about his qualification to attain his office, why shouldn't a current presidential candidate show his tax return to show his "qualification" to relate to the common man's issues – a quality necessary in whoever the next President will be?

    July 10, 2012 at 8:17 pm |
  7. Jay q.

    Romney is very wealthy, what has he done with his tax savings to increase jobs in the USA in the last 4 years?

    July 10, 2012 at 8:14 pm |

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