Republican presidential candidate Mitt Romney says he favors keeping all of the Bush-era tax cuts and then adding some more. To pay for these cuts, he would reduce or eliminate some of the tax deductions that many Americans have come to rely on. But his proposals are already facing a lot of resistance.
Bain is the private equity firm founded by Republican presidential candidate Mitt Romney. Now what the documents tell us, is up for debate. And it's worth noting that NPR has not independently verified their authenticity.
Originally published on Fri September 21, 2012 2:35 pm
With running mate Paul Ryan's tax returns released on a Friday night — a good week and a half ahead of the Republican convention — the presidential campaign can finally move off the subject of tax returns.
Or so Mitt Romney can hope.
In reality, the numbers in the Wisconsin congressman's filings provide new data points, for those inclined to see things this way, about how far Romney's financial situation is from that of ordinary voters.
This is WEEKEND EDITION from NPR News. I'm Linda Wertheimer.
Once again, taxes will be a major part of the battle for the 2012 election. Conservative ads out last week seek to savage what they call Obama's Tax Hike, a reference to letting the Bush tax cuts for wealthier families expire at the end of the year.
(SOUNDBITE OF A POLITICAL AD)
UNIDENTIFIED WOMAN: Liberals say raise taxes on the rich. But Reid's Senate passed Obama's tax hike, hurting so many small businesses.