Axelrod - Romney's accts in offshore tax havens would have repercussions in gov'ing decisions [View all]

[maddezmom]

53 minutes ago
Axelrod: Obama could have Swiss bank account if he wanted


Posted by
CNN's Kevin Liptak

(CNN) – Mitt Romney's accounts in offshore tax havens would have repercussions in essential governing decisions if he's elected president, a top adviser to President Barack Obama claimed Sunday.

David Axelrod said on CNN's "State of the Union" that Romney's accounts in places like Switzerland, the Cayman Islands and Bermuda would cloud his decision-making on reforming the tax code, and that the current president had avoided such conflicts of interest in his own investing choices.

"We lose $100 billion a year to offshore tax shelters," Axelrod told CNN chief political correspondent Candy Crowley. "We've learned from the limited disclosure that he's made that Gov. Romney takes advantage of these. He had a Swiss bank account. He has a Bermuda holding company."

He continued, "When we go to reform the tax code, how does that inform his judgment? He's told us his business experience is the lens through which he's going to look at these decisions. We're getting a look at that experience, and people need to gauge, is that the kind of experience we want in the Oval Office?"

more: http://politicalticker.blogs.cnn.com/2012/07/15/axelrod-obama-could-have-swiss-bank-account-if-he-wanted/