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Obama Posts Six Years Of Tax Returns, Calls On Hillary To Do The Same

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DerekJ Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-25-08 01:46 PM
Original message
Obama Posts Six Years Of Tax Returns, Calls On Hillary To Do The Same
Awesome move, now she has to release her 2000-2006 tax returns.





CHICAGO, IL--Senator Barack Obama today posted his tax returns from 2000-2006 on his campaign website, demonstrating his continued commitment to transparency in government and changing business as usual in Washington. The returns are complete, including all schedules, and are now available to anyone to view. The Obama campaign urged Senator Clinton to join Senator Obama in making her returns public.

Full disclosure on Senator Clinton's part is especially important because she recently loaned $5 million to her campaign, shortly after revelations surfaced that her husband was to receive a $20 million payout from Yucaipa, a supermarket holding company that invests in tax shelters in the Cayman Islands.

Senator Clinton has agreed to release her returns, but will only offer a target date at least three days before the Pennsylvania primary, and has not specified the level of detail.

"Senator Clinton recently claimed that she's 'the most transparent figure in public life,' yet she's dragging her feet in releasing something as basic as her annual tax returns," said Obama Communications Director Robert Gibbs. "Senator Clinton can't claim to be vetted until she allows the public the opportunity to see her finances--particularly with respect to any investment in tax shelters."

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DerekJ Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-25-08 01:48 PM
Response to Original message
1. Shameless self-kick
:kick:
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SoFlaJet Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-25-08 01:49 PM
Response to Reply #1
3. hey yea, I almost forgot
where ARE those tax returns-anybody want to bet me a hundred bucks they don't get released before April 22nd?
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high density Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-25-08 01:49 PM
Response to Original message
2. Wow 67mb of tax returns
Tasty.
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Scurrilous Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-25-08 01:52 PM
Response to Original message
4. K & R
:thumbsup:
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WDIM Donating Member (267 posts) Send PM | Profile | Ignore Tue Mar-25-08 01:52 PM
Response to Original message
5. Come on she is sleep deprived!
she can't do her taxes!
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Bigleaf Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-25-08 01:53 PM
Response to Original message
6. They were lost in sniper fire on her way back from her accountants office.
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Cassandra Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-25-08 02:02 PM
Response to Reply #6
8. Oh, come on!
They weren't aiming at her. They thought it was Greenspan.
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Taxmyth Donating Member (990 posts) Send PM | Profile | Ignore Tue Mar-25-08 01:59 PM
Response to Original message
7. Where's the prior years returns?
Did he also release his papers from his stint as State Senator? And really, shouldn't he also release his tax returns from the years prior to 2000? Be nice to see where a community organizer / Lawyer came up with the money to run for the Illinois House. Where are those cases your worked on for Tony Rezko, Senator? We're still waiting for those.
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DerekJ Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-25-08 02:02 PM
Response to Reply #7
9. Oh I see.. 6 Years of tax returns, are not enough
Unless he releases his tax returns since he was born, Hillary won't release any.
Get out of here.

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Taxmyth Donating Member (990 posts) Send PM | Profile | Ignore Tue Mar-25-08 02:27 PM
Response to Reply #9
13. Politics of obfuscation
For every year Senator Clinton has publicly released her tax returns then Senator Obama should release his for the same years.

Where's those 1990 - 2000 tax returns Senator? Where was the income while you ran for the Illinois House?
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NYCGirl Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-25-08 02:04 PM
Response to Reply #7
10. Good goalpost moving, Mark Penn! NT
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TheDoorbellRang Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-25-08 02:12 PM
Response to Reply #7
11. Amazing argument you pose there
She has yet to release any of her tax returns. Obama has released seven years of tax returns. Your snappy comeback -- he must release seven more years of his taxes.:crazy:

And as long as we're all being nosy about money, it'd be nice to see where all the Clinton millions have come from since he left office.
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Taxmyth Donating Member (990 posts) Send PM | Profile | Ignore Tue Mar-25-08 02:34 PM
Response to Reply #11
14. Politics of ignorance
"She has yet to release any of her tax returns."

That has got to be the funniest line yet from the Senator Obama camp. Pathetic.

And speaking of money, if the Clinton tax returns from the years 2000 - 2006 show some income for Bill Clinton, I'll be happy. He earned it.


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TheDoorbellRang Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-25-08 03:06 PM
Response to Reply #14
16. "Politics of ignorance" indeed
Show us all where she's got her 2000-2007 tax returns out in the public eye, Mr. Tax Myth.
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DerekJ Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-25-08 02:16 PM
Response to Original message
12. Another shameless kick
:kick:
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knixphan Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-25-08 02:36 PM
Response to Original message
15. Bam!
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bluedawg12 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-25-08 03:21 PM
Response to Original message
17. Bam! Yucaipa! Bam! Bill! Bam! Smear! Bam!
http://www.nytimes.com/2006/04/23/nyregion/23burkle.html?pagewanted=2&ei=5090&en=8072d510a5b4ab09&ex=1303444800&partner=rssuserland&emc=rss

How a Billionaire Friend of Bill Helps Him Do Good, and Well

Bam!

By JOHN M. BRODER and PATRICK HEALY
Published: April 23, 2006

Sock!

Mr. Clinton's role is to help find investment opportunities for Yucaipa projects, give credibility to the funds and champion their mission of investing in poor areas to corporate executives, union leaders and others. But he has put up little of his own money and has no day-to-day responsibilities over how the more than $1 billion in the funds is invested.

Pow!

Mr. Clinton, 59, spends most of his time on philanthropic ventures, like fighting AIDS in Africa and poverty around the world, and minimal time on Yucaipa, his advisers say. Mr. Burkle, 53, who made his fortune operating supermarkets, said that the time Mr. Clinton does spend on the funds is invaluable because of the incomparable access and political star power he provides

Kick!

Interviews with Mr. Burkle and aides to Mr. Clinton have provided the first details of the business relationship between the former president and Mr. Burkle, a major Democratic donor who is now a fund-raising force for Senator Hillary Rodham Clinton. He served as host for a fund-raiser for Mrs. Clinton at his Beverly Hills estate on Friday night.

Sink!

The three Yucaipa funds that Mr. Clinton advises total more than $1 billion, according to interviews and public records. Mr. Burkle would not disclose the precise amounts, citing competitive concerns, but Yucaipa manages in excess of $3 billion, of which these three funds are a subset. The funds are intended to inject investment capital into poor urban and rural areas in the United States and abroad that traditional equity funds and banks are reluctant to serve, Mr. Burkle said.

Float!

Under terms described by Clinton advisers and Mr. Burkle, Mr. Clinton will receive a share of Mr. Burkle's profits on two domestic funds should their returns exceed 9 percent over the life of the funds. One fund had reported a gain of 51.3 percent and the other 25.8 percent in 2005, according to reports to investors.

Mr. Clinton is also a partner in a Yucaipa fund that invests in overseas ventures, for which he receives regular payments and would draw one-third of the profits when the fund is dissolved at least five years from now.

Gurgle!


After leaving the White House in 2001, former President Bill Clinton was inundated with business and job offers, from investment-bank partnerships to seats on corporate boards. He turned them all down, with one exception: He agreed to be an adviser to a family of funds run by the Yucaipa Companies, a California private equity firm controlled by one of his best friends, the billionaire Ronald W. Burkle.

Bam!

"If we make money, he makes money," Mr. Burkle said. He would not be more specific about Mr. Clinton's compensation. But if the funds perform as well as Mr. Burkle's other investment funds have over the past two decades, Mr. Clinton's share of the profits could reach into the tens of millions of dollars.

Pitchforks!

While the business activities of ex-presidents are not always in public view, they are known to have pursued a variety of profit-making and charitable activities after leaving office. George H. W. Bush became a paid adviser to the Carlyle Group, a private investment house in Washington that does a lot of business with the Pentagon and other federal agencies.

Ronald Reagan received $2 million for a speech in Japan, but spent most of his post-presidency at home with Alzheimer's disease. Jimmy Carter has written many books and devoted himself to philanthropic pursuits like Habitat for Humanity.

Gerald R. Ford has been paid for speaking to groups but has generally kept a low profile. Richard Nixon wrote books and tried to rehabilitate his image.

Torches!

Correction: April 25, 2006

A front-page article on Sunday about former President Bill Clinton's friendship with Ronald Burkle, the California financier and grocery chain operator, referred incompletely to the fate of Mr. Burkle's supermarkets during the Los Angeles riots of 1992 (an event that led Mr. Clinton to seek out the businessman after being told that rioters had spared some of his markets because of his reputation for fairness). Although some of Mr. Burkle's markets were spared, others were burned or otherwise damaged by rioters.

Pitchforks! Bam! Kick! Torches!

Yucaipa! Arrrghhhh! :rofl:

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mrJJ Donating Member (657 posts) Send PM | Profile | Ignore Tue Mar-25-08 04:04 PM
Response to Original message
18. HRC past financial
Just a financial but one heck of a spread $10 Mii too $50 mill?

Hillary Clinton (D-NY) - 2006 Politician Profile Net Worth: From $10,360,009 to $51,021,998 Ranks 9th among all members of the Senate. Assets: 10 totaling $10,460,009 to $51,052,000. Liabilities: 2 totaling $30,002 to $100,000.

http://www.opensecrets.org/pfds/candlook.php?txtName=clinton

http://www.opensecrets.org/pfds/CIDsummary.php?CID=N00000019&year=2006

http://www.opensecrets.org/pfds/candlook.php?capcode=h3mpd&CID=N00000019&submit=Submit
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quantass Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-25-08 04:05 PM
Response to Original message
19. Yea, wherez the returns!
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Coexist Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-25-08 04:07 PM
Response to Original message
20. why does the press allow, "I'll try to have them ready next week?"
they are complete - they are filed - just copy them.

Give me a break.
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