Romney weighs in on releasing tax returns
July 11th, 2012
05:31 PM ET
2 years ago

Romney weighs in on releasing tax returns

(CNN) – Mitt Romney responded to recent Democratic-led attacks on his personal finances, suggesting Wednesday he had no intention of meeting their demand to release tax documents dating back prior to 2010.

"The Democrats are always going to be critics. We have released all of the financial statements required by law and two years of tax returns," Romney said on Fox Business Network.

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Over the last week, President Barack Obama's campaign and national Democrats have been blasting Romney over reports that the candidate holds offshore investments in places considered to be tax havens for Americans–Bermuda, the Cayman Islands and Switzerland.

On Tuesday, Vice President Joe Biden launched one of the campaign's harshest lines of attack yet, calling on Romney to "show your papers" during a speech in Las Vegas.

Romney's campaign has been pointing to the fact that it released the candidate's tax returns for 2010 and an estimate for 2011, as well as further financial disclosure documents required by federal election law.

Romney, whose worth is valued up to $256 million, said Wednesday he'll put out his most recent year of tax returns "as soon as that's prepared."

"Tax information is there, other financial disclosure is there; the same level of information that John McCain and John Kerry for that matter released when they were running for president," Romney said.

Also in the interview, Romney responded to those who say he's not tough enough in fending off attacks on the campaign trail.

"I respond to the attacks that come, but they say in politics if you are responding, you are losing," he said. "I think the better course for our campaign is to respond to the attacks as being completely off base."

And as speculation swirls over when Romney will announce his running mate pick, the candidate declined Wednesday to give any hint into the decision-making process.

"I can't tell you anything about the VP process. If I did, I would have to come after you with my 'Men in Black' flashlight and erase your memory," Romney said referring to the popular movie.

– CNN's Ashley Killough and Shawna Shepherd contributed to this report.


Filed under: 2012 • Mitt Romney • Taxes
soundoff (56 Responses)
  1. Peace

    Why can't Romney issue information the same level like his father instead of comparing himself to McCain and John Kerry? If he wants to fail like these two, that will be fine for most of us. It looks like he has always the tendency of looking for any loophole.

    July 11, 2012 06:24 pm at 6:24 pm |
  2. Illumination2611

    Just give us what you gave McCain four years ago so we can see why he didn't want you.

    July 11, 2012 06:25 pm at 6:25 pm |
  3. wiredokinstl

    really mittens?! erase our memories eh? there are those of us who remember how your wife treated her horse, Super Hit. if you can't even have compassion for an animal, how can you claim to understand the problems of the poor & underprivledged. more milk before meat

    July 11, 2012 06:26 pm at 6:26 pm |
  4. Hawk in Texas

    Romney got an extention on his taxes for this year (2011) which he estamated, so with the extention you won't find out about his 2011 taxes until after the election. that alone ought to tell every one that something is wrong. so mitt lies again.

    July 11, 2012 06:29 pm at 6:29 pm |
  5. n

    Show us your papers, you, you . . . Chicken hawk!

    July 11, 2012 06:31 pm at 6:31 pm |
  6. 1twinsfan

    Further proof that Romney is a unicorn.

    July 11, 2012 06:34 pm at 6:34 pm |
  7. PJ/TX

    Ohhhhh, big, brave Romney "weighed in" again on Faux Business News. What a guy! Sure would like see him
    face a real journalist, with real strength to hold this guy accountable for his non-answers. Arrogance and
    weakness are not compatible, yet Romney manages to display both, at the same time.

    July 11, 2012 06:51 pm at 6:51 pm |
  8. rs

    If Mr. Romney made tons of money, great! Good for him. That is a sign of success. The question I have is why does he keep off-shore accounts? If he is "hiding" income or accounts then he is un-American. Mr. Romney expects the poor to pay their way, and the middle class to pay more taxes when he is President. Why shouldn't he pay the IRS for the benefits of being a very, very wealthy man in America? Or this this just the GOP double-standard at work?

    You and your party, sir, are fronting for the idiotic "Birther" groups who claim despite all evidence present that Mr. Obama is some sort of Muslim/Socialist/Communist mole- and certainly not American and hence not legitimate. The very least you can do is prove to the vast majority of Americans that you pay your fair share of taxes like the rest of us peons do.

    July 11, 2012 06:52 pm at 6:52 pm |
  9. Jane

    Well, when he was kissing McCain's tush to be picked as V.P., he Ran over to his office and handed over ALMOST 20 YEARS worth of returns. Why doesn't he (or McCain) just show The American People Whom He's Trying to Have Hire Him those puppies, huh????

    July 11, 2012 06:57 pm at 6:57 pm |
  10. NotFooledByDistractions

    Not good enough Willard. Why aren't you complying with the same standards as every other presidential candidate of the last 50 years?

    The longer he puts it off, the more guilty he looks. I don't think the swiss accounts and the shell corporations in the caymans speaks well of a presidential candidate. Nothing says I'm a patriot American like stashing your money in foreign tax havens. Romney doesn't appear to be honest, I personally don't trust him.

    July 11, 2012 07:01 pm at 7:01 pm |
  11. Babyboomer

    Sure makes him look guilty of something. Think the Repubs would have let President Obama get away with this??? Obama/Biden 2012

    July 11, 2012 07:05 pm at 7:05 pm |
  12. Jules

    Show us your tax returns, Romney. You would have them out like a shot if there was nothing to hide. My guess is that as much as he uses his blind trust excuse, his blind trust really had nothing to do with dumping all his money in tax haven accounts. Which means maybe he paid US taxes, but maybe he didn't. Maybe he got his Bain money through that little office in the Bahamas or Bermuda or wherever they set it up for the purpose of circumventing US taxes, even though the work was done in the US.

    July 11, 2012 07:10 pm at 7:10 pm |
  13. Keno Butler

    Okay, he claims that it is all about the people and America. We we as people of America want to see what this dirt bag is hiding. You wanted proof on President Obama and got what you needed and we needed as a people. So what are you so scared of. Release the information if you have nothing to hide.

    July 11, 2012 07:24 pm at 7:24 pm |
  14. sayer

    He's hiding something...

    July 11, 2012 07:26 pm at 7:26 pm |
  15. T'sah From Virginia

    ►"The Democrats are always going to be critics. We have released all of the financial statements required by law and two years of tax returns," ◄

    That's true – for the past two years – R-Money's been running for president for the past 6 years. R-Money is dishonest because if there is 'nothing' to hide, he will release them.................PERIOD!

    Obama 2012 – The Only Trusted Way Forward!! Definitely not a tax-evader and out-sourcer!!

    July 11, 2012 07:38 pm at 7:38 pm |
  16. Larry L

    By now we know the information will be really damaging. He waited too long. Bad news never gets better with age.

    July 11, 2012 07:49 pm at 7:49 pm |
  17. chuck weidemann

    Typical businessman response.....did what was legally required no reason to do more.....only that it would be the right thing to do!!! God forbid you listen to the thousands of voters that are asking you to.....they're probably just left wing wacko's or curious independent voters!!!! Way to be in touch Mitt.

    July 11, 2012 08:01 pm at 8:01 pm |
  18. Thomas

    His Father showed ten years of taxes .

    Why won't Mitt ?

    July 11, 2012 08:05 pm at 8:05 pm |
  19. The Other Dale

    "I respond to the attacks that come, but they say in politics if you are responding, you are losing," he said. "I think the better course for our campaign is to respond to the attacks as being completely off base."
    __________________________________________
    Whaa? You are losing if you respond so you're going to respond to the attacks? Did that make any sense?

    Romney, you're supposed to have these senior moments if you get into the White House, like W did, not before.

    July 11, 2012 08:06 pm at 8:06 pm |
  20. Chris

    Who really cares? How do his tax returns help or hurt anyone? What is going to be done to help the people?

    July 11, 2012 08:20 pm at 8:20 pm |
  21. GI Joe

    He's a liar. He's sneaky. He's hiding something.

    He's a sneaky liar that's hiding something.

    July 11, 2012 08:25 pm at 8:25 pm |
  22. Winning

    As candidate for president of the United States, I am prepared to do as little as possible and only what is required by law.

    -Mitt Romney

    July 11, 2012 08:30 pm at 8:30 pm |
  23. Cort

    "Believe in America!" says Mitt as he funnels his money offshore to avoid taxes and detection.
    "Obamacare is awful!" says Mitt as his wealth assures him of top-notch health care
    "Mitt, what are you going to do for those 35000000 people you'd like to deprive of health care?" Mitt: "Well we're going to get them the best and most affordable health care possible"

    Yeah right, thanks for clearing that up Mitt. This man is a joke! Talk about in over his head...he doesn't even feign interest in helping the middle class!

    July 11, 2012 08:31 pm at 8:31 pm |
  24. mistyblue

    So why is he refusing to release his financial records., what does he have to hide. Perhaps that he was greedy and took advantage of the working people or that there is something illegal in there that he's afraid of. Maybe he should release his birth certificate, was he born in Mexico. Come on you smitten mit!!!

    July 11, 2012 08:33 pm at 8:33 pm |
  25. A not-so-stupid former republican

    Why not release your tax returns for 2008 and 2009 if you have nothing to hide?

    July 11, 2012 08:35 pm at 8:35 pm |
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