Romney: Dems would 'distort' tax returns
July 17th, 2012
01:56 PM ET
2 years ago

Romney: Dems would 'distort' tax returns

(CNN) – Mitt Romney continued to stress Tuesday that he has no interest in releasing more tax returns, saying it would provide "hundreds of pages" for opponents to "distort" and turn into attacks against his candidacy.

"In the political environment that exists today, the opposition research of the Obama campaign is looking for anything they can use to distract from the failure of the president to reignite our economy," Romney said in an interview with conservative news outlet National Review Online.

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He continued: "And I'm simply not enthusiastic about giving them hundreds or thousands of more pages to pick through, distort, and lie about."

Romney has already released his 2010 tax returns and an estimate for 2011, with a pledge to release his full returns for last year once they're ready. He filed an extension with the Internal Revenue Service, meaning he may not put out his returns until the October filing deadline.

President Barack Obama's re-election team and top Democrats have been pounding Romney over his tax documents, calling on the presumptive GOP presidential nominee to make public more returns in order to answer questions about offshore accounts and overseas investments.

Defending Romney on a conference call earlier Tuesday, former New Hampshire Gov. John Sununu said each year of Romney's tax returns is about six inches thick. He added if Romney released a dozen years of documents, as some Democrats have would like, then "that'd be about six feet of returns in which they could find whatever...they want to use as a distraction."

Asked why he has not disposed of his offshore accounts, Romney reiterated Tuesday his portfolio is managed in a blind trust that makes it impossible for him to know where his money is invested.

But the former Massachusetts governor did not hesitate to defend offshore investments, specifically naming accounts in the Cayman Islands, one of the countries in which Romney is reported to hold money.

The Republican candidate said the account is established by a U.S. firm to allow "foreign investors to invest in U.S. enterprises and not be subject to taxes outside of their own jurisdiction."

He added: "So in many instances, the investments in something of that nature are brought back into the United States. The world of finance is not as simple as some would have you believe. Sometimes a foreign entity is formed to allow foreign investors to invest in the United States, which may well be the case with the entities that Democrats are describing as foreign accounts."

– CNN's Rachel Streitfeld and Kevin Bohn contributed to this report.


Filed under: 2012 • Mitt Romney • Taxes
soundoff (192 Responses)
  1. SOUTHERN HOTTIE

    Show us your papers!!!!!!

    July 17, 2012 01:58 pm at 1:58 pm |
  2. carly

    If Romney didn't do anything wrong why is he worried that anyone would "distort" his returns. The answer is that he knows that Americans are smart enough to know the truth and will determine on their own if their are any problems (no taxes paid, sheltering money overseas, etc.) and obviously there are problems.

    July 17, 2012 01:59 pm at 1:59 pm |
  3. Thomas

    @carly
    If Romney didn't do anything wrong why is he worried that anyone would "distort" his returns. The answer is that he knows that Americans are smart enough to know the truth and will determine on their own if their are any problems (no taxes paid, sheltering money overseas, etc.) and obviously there are problems.

    THANK YOU !

    July 17, 2012 02:02 pm at 2:02 pm |
  4. Has Mittens "RETROACTIVELY RETIRED" yet, as the GOVERNOR of MA back to before he signed ROMNEYCARE???

    Why you arrogant, pompous, elitist empty Brooks Brother suit! This is not some employee or the mindless member of the Fox flock of sheeple you are talking to!

    WE THE PEOPLE will decide if the information in your tax returns are "mountains or molehills" not you or the Obama camp.

    July 17, 2012 02:02 pm at 2:02 pm |
  5. Rudy NYC

    Wasn't he prepared to release returns in 2008? It appears not. He had no intent of releasing returns in 2012, until he was forced to do so by his fellow candidates in the GOTP primaries. At a minimum he should release whatever he was prepared to release in 2008 until now.

    July 17, 2012 02:04 pm at 2:04 pm |
  6. Bill

    This is too rich. We are now into week two of Mittens hedging, backpedalling, trying to change the subject, but to no avail. The dems played this perfectly, since now Romney has to be on defense everyday. I rarely agree with George WIll, but in this case, he is right – just release them. Not doing so will further dmage an aleady failing campaign.

    July 17, 2012 02:04 pm at 2:04 pm |
  7. Terilyne

    Such a coward...absolutely not Presidential quality.

    July 17, 2012 02:04 pm at 2:04 pm |
  8. zago

    If you a patriot gov, you should be proud to show to the American people that you've paid your taxes to your government. If they can be distorted, that means they are really shaky. You surely have anything to hide. Your distraction argument does not measure up to a presidential candidate. You cant choose to be the sneakiest person running for office. You are successful, show up how you get there so that we do it on our own too.

    July 17, 2012 02:04 pm at 2:04 pm |
  9. GROVER NORQUIST IS AN ENEMY OF THE STATE

    The President and his predecessor released 8 or more years of taxes. What makes you special Willard? You're seeking the office of men who went above and beyond what you're willing to do. This is a job interview. We the People demand to know what kind of business practices you were into since that is the platform you're running on. Show us the papers!!!!

    July 17, 2012 02:05 pm at 2:05 pm |
  10. john

    Funny how so many liberals are so upset that Romney won't divulge his personal tax information but didn't seem to mind when Obama didn't show proof of his citizenship. What hypocrits.

    July 17, 2012 02:06 pm at 2:06 pm |
  11. Hey, Mittens, got any more of those 100K Bain jobs for doing nothing? 'Call Me, Maybe'?

    It is tough to "distort" facts or figures, as Mittens is just now learning out here among us "little people".

    You just keep bobbin' and weavin' and we will keep playing "whack a Mitt".

    July 17, 2012 02:06 pm at 2:06 pm |
  12. Darlene

    So in other words .."he IS hiding something!

    July 17, 2012 02:07 pm at 2:07 pm |
  13. Gurgyl

    Why don't you show tour ten years taxes. Why not your cayman island money and Swiss accts. please. Why do you hide? Obama12.

    July 17, 2012 02:07 pm at 2:07 pm |
  14. Richard T.

    The question remains, What has Mittens distorted to the IRS and/ or the American people?

    His huberis knows no bounds.

    July 17, 2012 02:09 pm at 2:09 pm |
  15. Romney Outsource America Jobs

    Romney running scare we want to see them tax paper..Ron Paul said show your tax paper romney.
    The true side of Romney is going to come out soon. Romney you running for president we deserve the true side of your taxes.

    July 17, 2012 02:09 pm at 2:09 pm |
  16. The GOP's "trickle down economics" has only provided pools of cash to the Caymans!

    And Myth Robme continues to hand down edicts on what he will and will not show the American people, sitting high upon his throne atop Mount Kolob.

    July 17, 2012 02:11 pm at 2:11 pm |
  17. ST

    No one distorted McCain, Bush, Kerry Tax Returns. Everything was in order. I now start to believe there is something fishy in Romney's Tax Returns.

    July 17, 2012 02:11 pm at 2:11 pm |
  18. Montykoolaid

    Yeah, we might "distort" the things in your tax returns.

    Like how you deducted $77,000 for your ballet dancing horse in the tax returns you did release.

    Im sure glad that you, as a multimillionaire, wont pay for your own freaking dancing horse but instead have us middle and lower class tax payers pay for your dancing horse.

    No one will have to distort or lie about anything on your tax returns Mitt, those shady greasy deals, tax loopholes, offshore/caymen island/swiss tax havens, investments in companies that outsource, all of that wil speak for itself.

    July 17, 2012 02:12 pm at 2:12 pm |
  19. Rhonda T

    What sleaze! "Distort" them ... duh. What is he hiding???

    July 17, 2012 02:13 pm at 2:13 pm |
  20. g

    can some one please tell romney and the republicans,after 40 yrs off taking theres nothing left to take.and there off shore accounts are so full, any more would sink the islands they were built on

    July 17, 2012 02:13 pm at 2:13 pm |
  21. cali girl

    He will get attacked either way. He won't release them, which puts out TONS of speculation, even from his own GOP/Tbagger party.

    July 17, 2012 02:14 pm at 2:14 pm |
  22. Patriot Awesome

    Romeny had been part of an investment group that invested $75 million in Stericycle, a medical-waste disposal firm that has been attacked by anti-abortion groups for disposing aborted fetuses collected from family planning clinics.

    I don't suppose that could be what he's trying to hide.

    July 17, 2012 02:16 pm at 2:16 pm |
  23. Logic N LA

    What more do we need? Right from his own mouth- there is something to hide. He was CEO of Bain from 1999-2002- we know this. The returns will prove financial gains.
    Who knows what else he is hiding?
    And this guy thinks he's good for America? If the Caymens is good enough fro his money- its good enough for him.
    Time for another Romney to leave the country.

    July 17, 2012 02:16 pm at 2:16 pm |
  24. Florida Joe

    If this goes on much longer, Mr. Romney will be toast. Bring on the butter, he's about to pop!

    July 17, 2012 02:17 pm at 2:17 pm |
  25. Holla

    I don't know which one of the Mitts i should believe. Mitts or the other fake Mitts. This guy believes money can buy people in America, They plan to use huge amount of money to suppress the will of the people. It also shown how presidency of Mitts is going to look like. When a man can't stand with his own decision, then what do we expect. Flip-Flopper would be the answer.

    July 17, 2012 02:18 pm at 2:18 pm |
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