Mitt Romney's use of offshore accounts to avoid taxes has been receiving a lot of attention in the press. Senator Lindsey Graham defended Romney by arguing that he was just being like a real American by avoiding taxes. Congress created the loopholes in the tax code. It would be foolish not to take advantage of them. The IRS estimates that it loses $100 billion a year from these loopholes. One would think that the GOP would be interested in closing these loopholes in order to reduce the budget deficits that pretend to deplore.
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