STATEMENT: Was Romney Avoiding U.S. Taxes, Hedging Against The Dollar?

On a press conference call today, Obama for America National Press Secretary Ben LaBolt addressed the serious questions raised by Vanity Fair about the secrecy surrounding Mitt Romney’s finances. Below is an excerpt from the call:

“Today we’re learning more about Mitt Romney’s bets against America. Vanity Fair’s raising important questions about Romney’s offshore accounts in foreign tax havens, including his mysterious corporation in Bermuda, his funds in the Cayman Islands, and the Swiss bank account he opened. The question is, why? Was he avoiding paying his fair share of U.S. taxes? Was he hedging against the dollar? Until he releases his tax returns from that period, Americans will never know. This raises serious questions. If he has nothing to hide, why doesn’t he just release his tax returns?

“It also sheds some light on who helped Romney finance Bain Capital’s first fund. He turned to several anonymous corporations, trustees, and questionable investors in countries like El Salvador, Switzerland, the Bahamas, and Panama. Why not bet on America? This raises many questions about Romney’s finances, but it confirms something we already knew: Mitt Romney’s economic philosophy has always put maximizing his profits above anything else. Even if it means refusing to bet on America and its workers.”