Romney Says Big Business Is Doing Fine: He Should Know

This week at a campaign fund raiser in Minnesota Mitt Romney committed a classic gaffe. He accidentally told the truth:

"Big business is doing fine in many places," Romney said during a campaign fundraiser Thursday. "They get the loans they need, they can deal with all the regulation. They know how to find ways to get through the tax code, save money by putting various things in the places where there are low tax havens around the world for their businesses."

Mitt should know: he's been evading taxes by parking his money in Swiss and Cayman Island tax havens for years. When President Obama said that the private sector was doing fine earlier this summer Republicans howled like a troop of wounded baboons.

Romney spokeswoman Andrea Saul tried to cover for her boss, saying Romney "has long said we need to simplify the tax code, close loopholes and create a more level playing field for American businesses."

But the simple fact is, Romney's campaign and the Super PACs that are carpetbombing the country with negative ads against President Obama are funded by Sheldon Adelson's Macau casinos and other big businesses that use those overseas tax havens to evade taxes that should pay for the US Defense Department, among other things.

Romney's tax proposal has been quite specific about lowering corporate and capital gains taxes, but he categorically refuses to say which loopholes he'd close. Independent analysis of his plan concluded the only possible way to make his budget numbers work was to eliminate the "loopholes" that middle-income earners use: mortgage interest deductions, employer health care deductions, deduction of state income and property taxes, municipal bonds, and so on.

Does anyone seriously believe Romney would bite Sheldon Adelson's hand after Adelson spends a hundred million bucks to put Romney in the White House? Get real...