Harold Hamm, Romney Adviser, Demands More Tax Breaks For His Low-Tax Corporation
Posted in: Today's ChiliOne of Mitt Romney’s advisers thinks a tax rate of about 2 percent is just a little too damn high.
Harold Hamm, the CEO of Continental Resources, asked lawmakers to keep tax breaks for oil and gas companies in place during a hearing Thursday. Romney’s chief energy adviser claimed that his company pays taxes at a rate of about 38 percent. The only problem: Continental Resources’ effective tax rate has been more like 2.2 percent over the past five years, according to an analysis from the left-leaning Citizens for Tax Justice (h/t ThinkProgress).
Hamm, an Oklahoma oil billionaire, isn’t only Romney’s advisor, though. He’s also a major donor. His total political contributions to campaigns, parties and political action committees exceed the legal limit by 41 percent, according to Reuters.
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