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A document found online by BuzzFeed appears to be John McCain's entire, 200-page opposition research file — or “book” — on Mitt Romney from 2008, the year they were bitter rivals. Segments of the book have been posted on RedState.com, but this the first time the document has been shared for public consumption in its entirety.
- State spending increased at well over rate of inflation under Romney’s watch, estimated at 24% – more than$5 billion – over Romney’s final three years.
- Under Romney, Massachusetts dramatically underperformed the rest of the nation in terms of job growth.
- Romney has been criticized by experts for failing to deliver on issues of business development and economic growth after selling himself as the “CEO governor.”
- 2006 report issued by quasi-public Massachusetts Technology Collaborative warned the state was losing its grip as leader in “innovation economy” and that tech job was alarmingly slow.
- Romney left his successor to fill a budget deficit exceeding $1 billion.
- Romney raised state fees and taxes more than $700 million per year, according to independent experts.
- Romney raised fees by roughly $500 million in his first year alone, a figure that was highest in the nation.
- Romney quadrupled gun licensing fees and raised fees on first responders, real estate transactions, the blind, golfers and many others.
- Massachusetts’ state and local tax burden rose more than 7% during Romney’s administration.
- Romney refused to endorse the Bush tax cuts in 2003, telling the state’s all-Democrat congressional delegation he wouldn’t be a cheerleader for the plan.
- Romney implemented three rounds of tax changes (which he referred to as “closing loopholes”) which increased business taxes by an estimated $400 million per year.
- Massachusetts’ corporate tax climate now ranks 47th in the nation, according to the Tax Foundation.
- Romney proposed – then backed away from – a new internet tourism tax that would levy higher taxes on users of sites like Orbitz and Travelocity.
- Romney enrolled Massachusetts in multistate compact aiming to end moratorium on internet sales taxes.
- Romney took no position on estate tax issue in 2002 and signed 50% increase in state cremation fee, which observers called “hidden tax on the dead.”
On Romney’s Watch, State Spending Increased At Rate Well Above Inflation
Under Romney, State Spending Increased By More Than 24% (Over $5 Billion) In Only Three Years – An Annual Increase of 8%. Total FY2007 spending is projected by the state to reach roughly $26.85 billion, an increase of 24.2% from the roughly $21.6 billion spent in FY04, Romney’s first full fiscal year in office. (State Of Massachusetts Website, “Historical Spending,” hxxp://budget.mass.gov, 4/4/07)
To Close Budget Gap And Fund New Spending, Romney Increased Fees And Taxes By Roughly $700 Million Per Year, According to Independent Experts.
“[R]omney … Approved Hundreds Of Millions In Higher Fees And Fines Including Raising The Cost Of Getting A Marriage License, Filing A Court Case, Buying A House Or Renewing A Drivers License.” (SteveLeBlanc, “Romney, In Change Of Heart, Signs No-New-Taxes Pledge,” The Associated Press, 1/5/07)
"Romney Sat On Board Of Damon Clinical Laboratories, A Bain Capital Portfolio Company Fined Nearly $120 Million In 1996 Due To Medicare Fraud"
"Federal Investigators Rebuffed Romney’s Claims, Saying The Fraud Continued Until Bain And Other Owners Sold Damon To Corning In 1993"
"Romney’s Firm Owned Company Named Ampad That Purchased Indiana Paper Plant, Fired Its Workers and Offered to Bring Them Back at Drastically Reduced Salaries and Benefits"
"In 2005, Chinese Appliance Maker Haier Group, Working In Tandem With Bain Capital, Attempted – And Ultimately Failed – To Take Over Newton, IA-Based Maytag Corp."
“If The Chinese Acquire Maytag With Bain Cash, They Would Be Expected To Cut Thousands Of U.S.Jobs And Move The Manufacturing To Cheaper Locations Back Home.” (Brett Arends, “American Workers’ Bane,” Boston Herald, 6/22/05) [...]
Haier Interested In Shifting Production “Back To Its Far Cheaper Home Base” In China And Elsewhere. “Haier’s interest in Maytag would be far more in acquiring distribution and brand than more production facilities in the U.S. One advantage of a Chinese purchaser for the troubled U.S. maker is the ease with which it could shift production back to its far cheaper home base. ‘Paying workers $40 an hour, you can’t compete with workers offshore who are paid $4 a day. This fits the trend,’ says one banker.” (Dennis Berman and Henny Sender, “Private Equity Heavyweights To Join Haier Bid For Maytag,” The Globe And Mail [Canada], 6/21/05)
"Haier Is A Mammoth, State-Controlled Company With Opaque Financial Structures, Undisclosed Ownership Interests, Ties To Communist Party Elites And Manufacturing Facilities In Iran"
"Bain Capital, the private equity firm that made Romney his fortune, currently owns a chemicals and paint company called Sigma Kalon that operates an office in Tehran."