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