Back in May, Romney praised the idea of a Constitutional Amendment requiring Presidents to not only be 35 years old and a natural citizen, but also to have at least three years running a business. Now, three months later he has nominated Paul Ryan to be a heartbeat from the presidency although since graduating college Ryan has spent most of his life in government: As staff economist and speech writer for various Senators, candidates and advocacy groups, and then as US Representative since 1998. His longest experience in the private sector was a few months before his House election doing marketing for his relatives’ construction company Ryan Incorporated Central.
What happened to the business experience Romney said should be required of a President?
Similarly, back in January we had this exchange at the Tampa Debate between Republican candidates Newt Gingrich and Mitt Romney:
Gingrich: I’m prepared to describe my flat tax as the Mitt Romney flat tax.
Romney: Do you tax capital gains at 15 percent or zero percent?
Romney: Under that plan, I’d have paid no taxes in the last two years.
Gingrich’s tax plan is identical to Paul Ryan’s tax plan in their treatment of capital gains. Romney income is almost entirely from capital gains, so under the Ryan/Gingrich/Romney tax plan, Romney would not be paying 13.9% as he did last year, but rather a mere 0.82%.
If paying no taxes was not acceptable in January, why is paying virtually no taxes acceptable in August?