Romney firm on tax returns
July 16th, 2012
08:09 AM ET
2 years ago

Romney firm on tax returns

(CNN) – Mitt Romney remained steadfast in his pledge to release only two years of his personal income tax returns Monday following a weekend of increased pressure from Democrats and some Republicans to disclose more of his financial information.

Romney, appearing on Fox News, said his rivals wanted to "make a mountain" out of an issue he regards as inconsequential compared to problems facing many Americans.

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"John McCain ran for president and released two years of tax returns. John Kerry ran for president and his wife, who has hundreds of millions of dollars, she never released her tax returns. Somehow this wasn't an issue," Romney, the presumptive GOP nominee, said in the interview.

"The Obama people keep on wanting more and more and more, more things to pick through, more things for their opposition research to try and make a mountain out of and distort and to be dishonest about," Romney continued, reissuing his pledge to release two years worth of returns.

Over the weekend, Democrats and some Republicans hit Romney for not releasing more tax information, saying having further documentation of Romney's financial holdings would shed light on any offshore investments. Romney released tax returns from 2010, and put out an estimate of his 2011 information in April. He filed an extension with the Internal Revenue Service to file after the April deadline, and has vowed to release the official documents when they're completed by his accountant.

On Sunday, President Barack Obama's senior campaign adviser David Axelrod said on CNN's "State of the Union" such limited disclosure only raised more questions about Romney's financial situation.

"His father said if you release one year, it could be a fluke, it could be just for show," Axelrod said, referring to George Romney, who ran for the Republican presidential nomination ahead of the 1968 election.

Axelrod continued, "I can only conclude, with all these Republicans asking him to release these returns, that whatever is in those returns would be more damaging to his campaign than simply not releasing them."

Some Republicans also began pushing Romney to release for tax information over the weekend, saying it would be politically savvy to release the information to avoid a drawn-out fight with Democrats.

"He should release the tax returns tomorrow. It's crazy," conservative columnist Bill Kristol said on "Fox News Sunday." "You gotta release six, eight, 10 years of back tax returns. Take the hit for a day or two."

On ABC, former George W. Bush aide Matthew Dowd made similar remarks, saying of Romney's tax returns, "There's obviously something there, because if there was nothing there, he would say, 'Have at it.'"

All of this, Romney said Monday, was a distraction from the real issues of the campaign. He said his own campaign was happy to compare itself with Obama's administration on transparency, citing president's use of executive privilege to withhold documents related to the botched Fast and Furious program.

"The administration has shown a serious departure from the transparency from which they suggested we had," Romney said. "And the American people should be calling for that kind transparency."

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Filed under: 2012 • Mitt Romney • Taxes
soundoff (158 Responses)
  1. Anonymous

    I agree with his decision not to release anymore, after all it would look bad if there was salary drawn from Bain in 2000-2003

    July 16, 2012 10:24 am at 10:24 am |
  2. Michael

    Romney stop lying? Come straight with the American people! You, hide your money so you won't have to pay taxes like the other 99%. Repuglicans like to talk about the poor who do not qualify to pay federal tax due to low income. But, when it comes to the rich they look the other way! Romney is a typical hypocritical, out of touch, 1 percenter pandering repuglican! If, the nation elects this egotistical money loving hypocrite George Bush will have looked like a saint and his policies exceptionally good for this countries economy! WE SHOULD LET PRESIDENT OBAMA FINISH WHAT HE STARTED "A ECONOMIC TURN AROUND FROM HELL" although slow, its not plummeting, like when he took over! Losing 750,000 jobs a month! Now, repuglicans say they can do better, the economy is out of the bottomless pit and steaming along! I DO NOT TRUST ROMNEY AND NEITHER DOES THE VOTERS!

    July 16, 2012 10:25 am at 10:25 am |
  3. CoyoteLoco

    Those signs in the images accompanying this article are on partially displayed. What do they say? My guess is "Putting Jobs Overseas!"

    July 16, 2012 10:26 am at 10:26 am |
  4. 60minuteman

    He's hiding something.

    July 16, 2012 10:28 am at 10:28 am |
  5. Brew Ha Ha

    The big reason this Bain story matters is that it's "one more big lie for Romney," says Martin Longman at Booman Tribune. Either he's "been lying about having no control of Bain's decisions in 1999-2002," or Bain has been lying to regulators and investors. Romney's way of squaring that circle, giving "increasingly tortured explanations of the definition of 'CEO,'" just makes him look "increasingly weaselly," says Kevin Drum at Mother Jones. Politically, claiming that "he was only technically CEO and isn't responsible for what happened during his technical CEO-ship" looks like "a Mafia don taking the Fifth."

    July 16, 2012 10:29 am at 10:29 am |
  6. TOM

    So much for transparency Romney!

    July 16, 2012 10:29 am at 10:29 am |
  7. Patriot_SanP

    Romney's adamant and arrogant behavior about not releasing last 10 or so yrs of tax returns only indicate that there is much hidden truth in there that he doesn't want American ppl to see. Every presidential candidate in last 30yrs has released such returns. Why should Romney not do it? He did show some 20yrs of returns to McCain in 2008, so why not to Americna ppl. Bottomline, Romney cannot be trusted and is hiding something with those tax returns.

    July 16, 2012 10:30 am at 10:30 am |
  8. Ann

    He is right, what do Democrats expect to find? He run for president in 2008 and was prepared to release 2006 and 2007. Now he releases 2010 and 2011 .. what exactly do you think happened in 2008 and 2009? A guy like him who has meticulously prepared his candidacy for political office would not jeopardize his chances doing something stupid. Yes, he has money, so what?

    July 16, 2012 10:31 am at 10:31 am |
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