Wealthy businessman Frank VanderSloot, a major Mitt Romney super PAC donor who was subjected to three federal agency audits after being slimed by the Obama campaign, says he isn’t the only one of his peers who was audited after donating to Romney.
VanderSloot, who was also national co-chair of the Romney campaign’s finance committee, was described in an April 2012 Obama campaign Web posting as one of eight “wealthy individuals with less-than-reputable records.”
Shortly after the post appeared, VanderSloot was subjected to two Internal Revenue Service audits — one focusing on his personal finances, the other related to his business interests — and a Labor Department audit of one of his businesses. When asked about whether any of the other seven donors who appeared on the list were audited as well, VanderSloot spoke cautiously, but did say he “wasn’t the only one.
“I talked to only a handful of them since,” VanderSloot said. “I’ve reached out to all of them. But only got calls back from a handful and most of the responses were they’re just laying low, you know, they took their own beatings and they don’t want any more of it and they don’t want to even talk about this.”
“How do I answer that?” he responded, when asked specifically if he knows if any of them were audited like he was after they were attacked by the Obama campaign.
“Yes, we talked about that, and I’m not at liberty to disclose that.”
“I don’t know that everybody [that] was on it [was] audited,” he went on. “I don’t know how many were. I know that I’m not the only one. I do know that.”
“Everybody took a beating,” he added. “And for most of them, they’ve had enough. But there were a couple who will stand up and be counted on this issue, and the others just want the thing to go away.”
VanderSloot says that he passed all the audits with flying colors.
“Everything is done. No penalties. No fines,” he said.
The only thing he was required to do was move one of his deductions to the next year, which will actually save him money because of the expiration of the Bush tax rates for high-income individuals in 2013.
“Actually, I’ll pay less taxes because of the audits,” he said.