The Tax Returns are Hurting Romney, Badly

I didn’t mention this in my previous post, but in addition to the aforementioned questions, NBC News and the Wall Street Journal asked respondents about the recent controversies over Bain Capital and Mitt Romney’s tax returns to gage whether they affected support for the Republican nominee. Neither result was good. Here’s the first question:

Has what you have seen, read, or heard about Mitt Romney’s previous business experience managing a firm that specializes in buying, restructuring, and selling companies made you feel … more positive or more negative about him, not made much difference in your opinion or do you not know enough about this to have an opinion at this time?

Twenty-five percent said it made them feel more positive, 28 percent more negative, and 27 percent said it made no difference. When you remember that Romney has made this his chief qualification for the presidency, it speaks to the failure of his campaign to effectively rebut the charges. At best, Bain Capital is a non-factor for Romney, and for a significant number of people, it’s a detriment.

The ongoing fight over his tax returns has done even more damage to the former Massachusetts governor. Here’s the question:

Has what you have seen, read, or heard about Mitt Romney’s tax returns and the percent he has paid in federal income taxes made you feel … more positive or more negative about him, not made much difference in your opinion or do you not know enough about this to have an opinion at this time?

Only 6 percent of respondents say that it has made a positive difference in their opinion of Romney. Thirty-six percent say that it has made a negative difference, and 41 percent say that it hasn’t made much difference at all. Seventeen percent don’t know either way. Romney’s anger over the Obama campaign’s decision to go after his tax returns makes more sense in this light; the controversy is doing real damage to his campaign, and more important, it has the potential to do more if Team Obama can return it to the forefront of the discussion.

I wouldn’t bet against that possibility. As long as Romney refuses to release his returns, Obama can continue to hit him on the issue. Death by a thousand cuts is an exaggeration, but it’s not far off from what might happen; Romney could become defined by the things he won’t reveal, and gradually loses the trust of the public. His low favorability becomes a burden he can’t lift, keeping him behind Obama through the fall, and into the election.

Comments

Just wait to see the numbers after Mitt's 2009 return gets leaked. No one likes a tax cheat.

then maybe you should ask obama how he paid a 20% overall rate in 2010. or maybe ask him about jeff immelt, and that $10B of GE's money sheltered offshore. whatever mitt has, immelt's BS make's mitt look like an amateur. maybe try a consistent standard, instead of the famous liberal double-standard so easily witnessed in every corner of liberal punditry.

It is not so much that he cheated; it is that a substantial portion of his income was from an abortion provider.

jamelle boute, you are a partisan fool. If you think that ta-nehisi coates' article is "fantastic", because it is filled with ornate prose and unsubstantiated charges, you are just another myopic liberal blinded by your hubris and "education." fly icarus, right into the sun. back on earth, common men will make strides with each passing generation, racism and sexism will fade, never entirely, but substantively over time. and it will have nothing to do with your ridiculous words, or ta-nehisi coates, or any of the polarizing race-baiters that pick at the carcass of dr. king. by the way, i'm quite certain dr. king would loathe you. and correctly so.....

I'm OK with Mitt Romney paying more than the average person. Which he did. As a matter of fact he should really talk to my accountant before the next tax season. He has done well in business and deserves to be President. I think his business background will be very helpful.

Each penny that travel through the economy is taxed many times as it goes from one to the next. It's an dumb whine, VA tax preparation

His mostly conclusions minimized his thorough rate. Though I don't believe for a minute he paid 13%.
CPAs in Vienna

You need to be logged in to comment.
(If there's one thing we know about comment trolls, it's that they're lazy)

Connect
, after login or registration your account will be connected.