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Truth of the matter, I am confident that much of the 1% have already voiced their concern with Newt Gingrich's campaign about opening this window. If Newt does as well as I suspect in South Carolina's primary this Saturday, I suspect the Super Pacs will get to work in short order doing their best to attack Newt and state his shortcomings. As far as we know, all of the tax advantages that Romney enjoys are within the letter of the law. I think we can be confident of that. What will startle most folks is that he is paying a smaller percentage of his earnings in taxes than you and I.
Less tax than school teachers, fireman, police officers, hospitality workers, sales representatives and the list goes on and on. This revelation will harm his campaign significantly unless they are able to spin it in such a fashion that makes it more palpable to the American people. I suspect that will be a hard sell and count on the Democrats to put their very own spin on his financial holdings. This is a huge wild card for the Romney campaign and they should have been prepared to deal with the fallout.
It won't be easy though. Romney's $10,000 bet offer with Rick Perry. His notion of worrying about a paycheck. These were small signals that Romney was out of touch with the regular citizen and his campaign is going to have their work cut out for them.
If indeed, as has been reported, he has significant holdings off-shore, look for it to get even messier. This will be all acceptable and practical to the 1% but I can't imagine how the 99% are going to respond. This message is the one trumpeted by the Occupy Wall Street movement and Mitt Romney is just going to give it legs again. I don't know that the Democrats will need to do much in way of attacking Romney as I suspect Newt, Ron Paul and Rick Santorum will do the dirty work for them.
Will the tax issue be enough of an issue to propel Gingrich or Santorum to the top? Too early to tell but the Republican race could become very interesting in a hurry. The Romney camp has been exceptionally slow to respond since Monday Night's Debate request both by Gingrich and Perry for him to release his tax records. Chris Christie, the popular New Jersey Governor, told him to release them as well. Everybody is waiting now and this very issue will be the lead story for every news cycle for days to come.
The prime networks, the cable news operators and every newspaper in America will have their financial investigative reporters on the story. Once they start digging, there might not be any wrong doing but rest assured, the message will not be an attractive one for Mitt Romney. Occupy Romney - Here We Go!

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