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Default Will Romney drop out because of tax problems?

An interesting rumor, based on legal fact, just started flying around
about this year’s presidential race: Mitt Romney might have to give up
his Republican Party nomination.

After all, just like no one with a criminal record can be president,
neither can anyone who received amnesty for a crime, either.

And Romney’s consistent refusal to release his tax returns might
indicate he received amnesty for tax evasion, some media are reporting.

To date, and despite bipartisan objections, Romney won’t release his
full 2010 personal tax returns, and has provided none from previous
years. His 2010 returns don’t contain the same information Romney
reported on his campaign documents, either.
Romney's questioned for tax evasion, which could legally cost him his
nomination.

Many insinuate this refusal is simply to hide his overseas investments
due to their potential negative reception from American voters.

However, his refusal could indicate that Romney took advantage of an
amnesty program that allowed relative pardons to tax evaders. The 2009
Offshore Voluntary Disclosure Program allowed those who skipped taxes on
overseas investments to settle their debts to the IRS at reduced penalty
rates and without legal punishment.

In addition, following a court decision that year, the Swiss banking
firm UBS AG agreed to turn over records of about 4,500 Americans who
used their accounts to hide earnings from the IRS.

The particular tax documents that would indicate his use of this amnesty
program are what Romney’s not releasing.

His campaign has even threatened media that ask about this and other
financial issues.

Attorney and entrepreneur Paul Abrams made the suggestion that Romney
may have to give up his nomination in a Huffington Post article on
Wednesday. Former judge and media consultant Catherine Crier extended
the argument on MSNBC that same evening.

Abrams predicts that the final Republican nomination will go to Romney’s
yet-to-be-announced running mate.

http://tinyurl.com/cwjufwl

- - -

Ooohhhh....participation in the amnesty program....be still my beating
heart.


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