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Massachusetts Liberal

Observations on politics, the media and life in Massachusetts and beyond from the left side of the road.

Tuesday, January 24, 2012

Great jobless benefits

When Republicans berate unemployment benefits, they ought to remember Mitt Romney.

The man who told us he was "unemployed" in 2011, had pulled down a cool $45 million a year earlier, a year he spent getting ready to run for president. His income did suffer in 2011, down to a mere $20.9 million. Romney paid $6.2 million in taxes for 2010 and 2011, an effective tax rate that ranges from of 14 percent to 15.4 percent.

Great jobless benefits to help his efforts to extend his 17-year political career.

Romney correctly insists he was simply paying what the law requires and like all Americans, he isn't interested in paying a penny more than that.

But the reality is the tax laws are horribly skewed in favor of "job creators" and against men and women who work to put food on the table and keep a roof over their heads. And for his 15 percent rate, the only jobs Romney has created are for the people working to get him elected. With the assistance of people offering their time for free.

Congratulations Myth. You are now the poster boy for the myth of tax breaks for "job creators."

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