AP News

Romney: Big business is fine, helped by tax havens


HOPKINS, Minn. (AP) — Republican presidential candidate Mitt Romney says big businesses in the U.S. are "doing fine" in part because they get advantages from offshore tax havens.

His comments on the state of big business echo similar assertions by President Barack Obama that Romney has criticized. They're also a reminder that the GOP candidate has kept some of his personal fortune in low tax foreign accounts.

Obama said earlier this summer that the "private sector is doing fine." Romney and other Republicans pounced on the president's comments and cast them as an indication that he's out of touch with the nation's economic struggles.

The presumptive GOP nominee is joining up with his running mate, Paul Ryan, on Friday for a rally in Michigan. They also plan to appear together Saturday in Ohio.


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