Offshore Accounts and Investments are Evil

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  1. profile image0
    JaxsonRaineposted 5 years ago

    I've seen this time and time again. Mitt Romney is horrible because he has money overseas.

    President Barack Obama admitted in the debate that he has investments in Cayman accounts and Chinese companies.

  2. profile image0
    JaxsonRaineposted 5 years ago

    Since we're at it, I'm sure we'll see plenty of fact-checking on Romney the next couple of days. Let's get some Obama checking in here too.

    1 - Obama lied about Romney's statements on E-Verify.

    http://www.politifact.com/truth-o-meter … -arizona-/

    2 - Obama lied, claiming again that there are tax loopholes that allow companies to deduct the costs of moving overseas. Those aren't loopholes Mr. President, and they serve a valid purpose.

    3 - Obama lied about Romney's tax plan, saying it would give incentive for corporations to move overseas. The truth is, it would remove the penalty multinational corporations face in bringing foreign profits to America.

    4 - Obama lied about Romney's plan, calling it a one point plan.

    5 - Obama lied about the $8 trillion in expenses Romney is proposing. It simply isn't true, and the study he relies on admits it is full of assumptions, including 'not including any assumptions about which deductions would be limited'. In other words, they say that since they don't know which deductions would be limited, Romney gets credit for limiting no deductions at all.

    6 - Obama's administration actually pushed both the idea that the Benghazi attack was an act of terror, and a spontaneous protest, for the two week time period. If Romney had said 'unequivocally' he would have been 100% right. As it stands, they are both half-right half-wrong.

    7 - Oil production is down, and permits are down, no matter how Obama spins it. The numbers are lower now than they were before.

    8 - Romney said he supports equal pay, so the equal-pay law statement is misleading. Romney actually said 'I'm not going to make a statement on all existing laws, whether or not I would sign them. I support equal pay'(paraphrased).

    9 - Obama said Romney is against coal. The example he used was Romney condemning a coal plant that wasn't meeting regulations. Romney is for clean coal, and he cracks down on people who don't meet standards.

    10 - Obama claims Romney has to pay for the Bush tax cuts. That's not true. The tax cuts are already written into the budget... they won't add another trillion dollars to the deficit if Romney takes office.

    11 - Obama called Romney an investor in pioneers of outsourcing. That's been busted by factcheck and politifact.

    12 - Obama said 'The commitments I've made, I've kept'. Hardly. Politifact tracks 86 broken promises.

    That's all at the moment.

    1. Josak profile image59
      Josakposted 5 years agoin reply to this

      Where are the Bush tax cuts budgeted according to Pew research they are going to cost 3.3 Trillion dollars over the next ten years (so presumably slightly less during a hypothetical 8 year Romney term) where is that budgeted for?

      1. profile image0
        JaxsonRaineposted 5 years agoin reply to this

        It's already budgeted in the current budget projections. You don't have to add it again.

        The slowly-declining trillion dollar deficits are WITH the tax cuts. Obama is acting like Romney will have to pay for the existing deficits, AND the tax cuts, which are part of the existing upcoming deficits.

 
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