US election 2012: Mitt Romney dealt double blow ahead of South Carolina

Speaking on the campaign trail, Mr Gingrich said he was “honoured and
very humbled” by Mr Perry’s backing. As 100 leaders of the
anti-government Tea Party movement from 25 states also prepared to endorse
him, he said: “I am the only person who can beat Mitt Romney”.

The backing of the 4.4 per cent of South Carolina primary voters planning to
support Mr Perry, according to a RealClearPolitics average of polls, could
help Mr Gingrich cancel out much of Mr Romney’s 7.6 percentage point lead in
the final hours of campaigning.

Two polls on Thursday indicated Mr Gingrich had actually already overtaken Mr
Romney. Support for Mr Gingrich has been building after a televised debate
on Monday night, when he was judged to have landed several damaging blows on
Mr Romney, who has faced questions about his finances ever since.

Mr Romney was accused yesterday of parking millions of dollars from his
estimated $250 million (£160 million) fortune in tax havens such as Bermuda
and the Cayman Islands. He has investments in funds opened there by Bain
Capital, the controversial corporate buy-out firm that he ran in the 1980s.

Aides insisted that Mr Romney paid US tax on returns from the investments. “The
tax consequences to the Romneys are the very same whether the fund is
domiciled here or another country,” a spokesman said. However, it
appeared that the funds’ locations meant Bain had helped foreign investors
avoid US tax.

On Tuesday Mr Romney, who has come under intense pressure to release his tax
returns, disclosed that he paid roughly 15 per cent in tax on his income – a
lower rate than most Americans – thanks to a loophole opened by President
George W Bush that sharply reduced tax on investment income and capital
gains.

Mr Romney’s campaign team on Thursday continued to wheel out high-profile
backers to attack Mr Gingrich’s character and record as the party’s leader
in the House of Representatives in the 1990s. Peter King, a New York
congressman, yesterday accused him of “erratic, self-serving narcissism”.

John Sununu, a former Governor of New Hampshire, said: “The easiest
candidate for President Obama to beat is one that comes with baggage that
has not been revealed”.

Stuart Stevens, Mr Romney’s chief strategist, said that Mr Gingrich was “misty-eyed
for the Clinton era” – focusing attention on a time when he forced a
politically disastrous government shutdown and cheated on his wife while
attacking Mr Clinton for the Monica Lewinsky scandal.

Mr Romney maintains an 18-point lead in polls in Florida, the next state to
vote after South Carolina, on Jan 31. He also has vastly superior finances
and organisation compared to that of his rivals. However a defeat in South
Carolina could at least lengthen his path to the nomination.

Views: 0

You can skip to the end and leave a response. Pinging is currently not allowed.

Leave a Reply

Powered by WordPress | Designed by: Premium WordPress Themes | Thanks to Themes Gallery, Bromoney and Wordpress Themes