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Sunday, July 15, 2012
NewsBusters Can't Tell Difference Between Fishing Lodge, Offshore Tax Shelters
Topic: NewsBusters

Jack Coleman writes in a July 13 NewsBusters post:

Ed Schultz says it's unpatriotic that Mitt Romney invested some of his money outside the U.S. Much as Schultz did with some of his money two years ago.


Then by Schultz's own reckoning he's unpatriotic for buying a fishing lodge in the wilds of Canada when he could have invested that money in the United States and helped Americans instead.

Coleman then unearths a 2010 clip of Schultz talking about his Canadian lodge.

While Schultz does promote excursions to the lodge for his listeners, it's clear making money on it is not a top priority for him. In the clip, he talks about how "I love to fish, I've fished all my life, I love it," and that he had been going to the lodge for years and ultimately had the opportunity to buy it.

That's a far cry from Romney's overseas investments, which are expected to make money as well as lower their taxes. Not even Coleman has accused Schultz of using his Canadian fishing lodge as a tax haven.

It seems Coleman can't tell the difference between a Canadian fishing lodge and a Bermuda tax shelter.

Posted by Terry K. at 9:58 PM EDT
Updated: Sunday, July 15, 2012 10:04 PM EDT

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