On Meet the Press, Obama campaign senior strategist David Axelrod discussed Romney’s tax returns and the fact that he paid a 13.9% effective tax rate. Asked if Romney broke any rules, Axelrod pushed back. “I’m not saying he didn’t play by the rules. The rules allow you to have Swiss bank accounts. The rules allow you to put your money in the Cayman Islands and to set up businesses in Bermuda and so on. The rules allow all of that. The question is are the rules right? He would continue those rules. They are not right. It’s not right that someone like Governor Romney can make $20, $22 million and pay an effective tax rate lower than the average middle class person in this country.”
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=151931