Democratic superdonor Tom Steyer’s use of tax shelters draws Romney comparisons

The Washington Times reports:

Tom Steyer, the billionaire environmental activist who is spending $100 million to help elect Democrats this fall, is rallying support for energy taxes that could impact everyday Americans. But when he ran his own hedge fund, Mr. Steyer sought to help wealthy clients legally avoid paying taxes, confidential investor memos show.

Mr. Steyer’s strategy included establishing funds in tax havens like the Cayman Islands and Mauritius, and are reminiscent of the tactics used by former Republican presidential nominee Mitt Romney during his career at Bain Capital — which was repeatedly savaged by Democrats during the 2012 election.

Tom Steyer: the face of the modern Democrat party.