Romeny As Bain CEO Benefited From Offshoring Tax Break He Disavowed At Debate

Huffington Post by Zach Carter, Dave Jamieson | Oct. 23, 2012 (Fact Check)

Bain Capital appears to have benefited from a provision in the U.S. tax code that grants companies tax breaks for costs associated with offshoring American jobs. Bain profited from the closure of a Denver factory in early 2001, when SEC filings list Romney as the sole shareholder and CEO of multiple Bain enterprises.

The tax perk available to Bain while under Romney's leadership conflicts with the Republican candidate's comments at the first ... Full Story »

Posted by Tanya J. Maurer

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Randy Morrow
3.8
 by Randy Morrow - Oct. 24, 2012

Bain Capital appears to have benefited from a provision in the U.S. tax code that grants companies tax breaks for costs associated with offshoring American jobs. Bain profited from the closure of a Denver factory in early 2001, when SEC filings list Romney as the sole shareholder and CEO of multiple Bain enterprises. —- “He had no role in operational or investment decisions at Bain Capital after 1999.” A February 13, 2001 SEC filing from SMTC, however, asserts that “Mr. W. Mitt Romney is the sole shareholder, sole director, Chief Executive Officer and President of Bain Capital.” Other SEC documents list him as Bain Capital’s CEO as late as 2002, The Boston Globe has reported. —-

Catching Mitten in another lie. Mitten (the Bully) does not care, as has been amply demonstrated he says what is expedient at the time, with little or no memory for past statements/actions.

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