Wednesday, May 30, 2007

Romney Would Donate Presidential Salary?

From CBS News.com
(AP) Republican Mitt Romney said he would likely donate his salary to charity if elected president, a financial freedom he described as a byproduct of a successful business career. ...

A former venture capitalist who headed the 2002 Winter Olympics and served one term as Massachusetts governor from 2003 to 2007, Romney is the wealthiest of all the candidates, Democrats and Republicans. His assets are estimated at $190 million to $250 million.

Later, speaking with reporters, Romney said he would likely accept the presidential salary of $400,000 annually but donate the money. While governor, Romney declined his $135,000 annual salary. ...

Romney is expected to report more precise figures on his assets in the coming weeks when he files a financial disclosure report required of all presidential candidates. He sought an extension from a mid-May filing deadline but provided a broad estimate of his wealth.

As members of the Church of Jesus Christ of Latter-day Saints, Romney and his fellow Mormons are expected to donate 10 percent of their salaries to remain members in good standing of the church. ...

[Matt] Lauer, compiling a piece for the morning program, followed up on a student question by asking Romney if he would still support leaving U.S. troops in Iraq if the current level of violence extends into the fall.

"I don't want to forecast for anything other than success," Romney said as he stood before an enormous U.S. flag. "I recognize there are bad things that could happen, and we always have the options available to us then that we have today. ... But if there came a time when there's no reasonable probability of a success of that nature, then obviously I'd reconsider our alternatives."

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