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Calling BS on Reid’s Bain tax claims

Home - by - August 1, 2012 - 11:16 America/New_York - 16 Comments

Fortune

Harry Reid is either a liar or a lousy critical thinker.  (Why is it either or? It’s both.-bfh)

Senator Harry Reid (D-NV) made political waves today by claiming that a Bain Capital investor told him that Mitt Romney didn’t pay any taxes for a 10-year period.

One of two things has happened: (1) Reid is simply making the whole thing up, in order to pressure Romney into releasing tax returns for years prior to 2010, or (2) Reid’s investor pal lied, and the Senator didn’t bother to conduct even a mild vetting before sharing the accusation with reporters. Either way, shame on gossipy gentleman from Nevada.

Let me make this crystal clear: Investors in private equity funds do not receive, nor are they entitled to request, personal tax returns for fund managers. Not just at Bain Capital, but everywhere. For example, ask the person managing your 401(k) for their personal tax returns. See how far you get.

What makes this particular claim even sillier, of course, is that Romney hasn’t even been managing Bain funds for the past 10 years (no matter when you believe he left the firm). He’s been a silent investor like Harvard and MIT. Think the guy managing private equity for Harvard can get the personal tax returns of the guy managing private equity for MIT? Yes, that’s another rhetorical question.

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Hey guys, I do believe you heard some stuff about Harry Reid, no?

» 16 Comments

  1. BILL

    August 1st, 2012

    “Hey guys, I do believe you heard some stuff about Harry Reid, no?”

    I have heard that harry is to land investing as hillary is to cattle futures!

    Thumb up +1

     
  2. WTFPRESIDENT

    August 1st, 2012

    Silly Harry. It’s okay (in their religion) for muslims to lie to step up their agenda, Mormons are not supposed to lie. Harry is going to hell (along with all the lying muslims)

    Thumb up +1

     
  3. loshonhora

    August 1st, 2012

    i heard from a cowboy poet that harry reid likes to be fisted by midgets.

    Thumb up +3

     
  4. Dr. Tar

    August 1st, 2012

    I heard from a voter in Nevada that Harry Reid may have been beating his wife for the last 10 years. There those who say that Harry got into boxing in his younger years so he could work on his wife beating skills plus he has always been into S&M.

    Thumb up +3

     
  5. persecutor

    August 1st, 2012

    A former Senate custodian said Dingy’s a child molester. Now I don’t know if it’s true, but you do have to investigate it once it’s out there.

    Thumb up +3

     
  6. A

    August 1st, 2012

    Sounds like bearing false witness. Not very mormanny thing to do to thy fellow brother.

    Thumb up +1

     
  7. Unneutral

    August 1st, 2012

    I heard before he got into politics he use to make assholes for hobby horses on his 1 acre ranch in Serchlight.

    Thumb up +4

     
  8. muddjuice

    August 1st, 2012

    Harry Reid molested his own children. It may not be true but, for the sake of the kids, Child Protective Services must be contacted to interview his kids and his grandkids.

    If he has no kids then it was the neighbor’s kids. I read it somewhere so it must be true.

    Plus, Harry never met Sally. It was all a lie….

    Thumb up +3

     
  9. theJadedBarrell

    August 1st, 2012

    Harry Reid’s proof

    ———————————————-
    start Transmission…..

    To: Mitt Romney
    From: Jaded Think$Tank, LLC..

    :FOR YOUR NOSE ONLY:

    Subject: Tax Return

    Jaded Think$Tank, LLC., recommendations
    seal all documents.
    Underwrite grass-root smear machine.
    Label detractors as “Returners”.

    IRS relays message.. “Whatever”.

    We at JT$T value all our loyal customers.

    end Transmission….. ..routing.. RT
    ————————————————

    Thumb up 0

     
  10. Mr. Pinko

    August 1st, 2012

    When a-holes start nit-picking on Romney – my stock reply “Romney is still better than Obama”

    Thumb up +3

     
  11. tumbleweed

    August 1st, 2012

    Romney needs to bargain with the “devil” and only release any records he might have only if Obungho releases his college applications, fake BC, selective service card, SS card, etc…

    Thumb up +2

     
  12. Dr. Tar

    August 1st, 2012

    I’ve heard from a janitorial staff member in Congress that Harry Reid wears reused Depends but because the Depends are presoiled Harry’s seat in the Senate has a racing strip down the middle.

    Now there might be another reason Harry’s chair has a racing strip down the middle, but my source suspects Senator Reid constantly fills his pants and never bothers to change them.

    I can’t imagine what an embarrassment to his Democratic collegues not to mention the smell that comes from having to sit next to poopie pants Reid.

    Thumb up +3

     
  13. Sapper Chris

    August 1st, 2012

    I have a few friends who are in fact, lobbyists and hill staffers who work with members of the house and senate and one of them told me Harry Reid is FREQUENTLY seen with transexual prostitutes in Dupont Circle and has been caught a few times masturbating in public by schools and soliciting sex in men’s rooms of area bars. I can’t attest to the veracity of the allegations, as I didn’t witness them, and my friend who relayed these statements recently moved to Singapore and didn’t leave an address.

    Thumb up +5

     
  14. Stranded in Sonoma

    August 1st, 2012

     
  15. corvair

    August 1st, 2012

    It is very possible that Romney did not pay federal taxes for some years – legally. It would depend on the year and the tax codes in force at the time. At one point, there was a R&D Tax credit that went to investors who started companies or funded research. The credit went totally to reduce your tax. It was not a deduction.

    The point is, the Dems may have gotten copies of his tax returns. The only source would be the IRS. That would be the big story.

    Romney should stay the course.

    Thumb up +1

     
  16. Chieftain

    August 1st, 2012

    Harry suffers from Bain Dramage….

    Thumb up +1