Hartford, CT — Today, Tom Foley made his federal tax returns available — to media only — in an extraordinarily staged exercise in Hartford. Bringing reporters in small groups and refusing to distribute copies, it’s clear they were trying to hide information. What are they hoping no one will notice?
Tom Foley paid a federal tax rate of 0% in 2011 and 2012.
He supports tax breaks for millionaires while he paid a tax rate of 0%.
The Foley campaign refused to release his state returns, as well as denied Connecticut residents the ability to view his financials.
“Tom Foley made tens of millions of dollars by hurting middle class families, shutting down mills, and exploiting his workers. Now we find out he paid a zero percent effective tax rate for 2011 and 2012, while supporting tax breaks for millionaires. Tom Foley’s tax rate for the last two years would even make Mitt Romney blush — it’s no wonder they’re trying desperately to hide it,” said Devon Puglia, Democratic Party spokesman. “This tops an extraordinarily bad week for Tom Foley in which he got caught plagiarizing work and made clear that he would shut down schools like mills and factories. Now, we find out he paid zero federal taxes for the last two years available.”