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" "It's also a symbol of a serious conflict of interest. An independent inspector general looked at this investment and concluded that the administration had steered money to friends and family – to campaign contributors. This building, this half a billion dollar taxpayer investment, represents a serious conflict of interest on the part of the president and his team.
Willard Mitt Romney (born March 12, 1947) is an American politician and businessman who has served as the junior United States senator from Utah since January 2019. He previously served as the 70th Governor of Massachusetts from 2003 to 2007 and was the Republican's nominee for President of the United States in the 2012 election. In 2023, Romney announced he will not run for reelection in 2024 and will retire from the Senate when his term expires in 2025.
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Jorge Ramos: You just released your tax returns. In 2010 you only paid 13% of taxes while most Americans paid much more than that. Is that fair?
Mitt Romney Well, actually, I released two years of taxes and I think the average is almost 15%. And then also, on top of that, I gave another more 15% to charity. When you add it together with all of the taxes and the charity, particularly in the last year, I think it reaches almost 40% that I gave back to the community. One of the reasons why we have a lower tax rate on capital gains is because capital gains are also being taxed at the corporate level. So as businesses earn profits, that's taxed at 35%, then as they distribute those profits as dividends, that's taxed at 15% more. So, all total, the tax rate is really closer to 45 or 50%.
Jorge Ramos: But is it fair what you pay, 13%, while most pay much more than that?
Mitt Romney Well, again, I go back to the point that the, that the funds are being taxed twice at two different levels.
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