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. Wake up people

    This man is hiding something. No one needs to distort anything. A pathological liar that thought his way into the White House could be bought and that the many that hate that a black man is POTUS would support him. Sorry Mittens, while there are many racists in this country, there are many that aren't. You are unfit to be the POTUS and many of your now supporters said the same thing just a few months ago.

    Show us your papers Robmey!

    OBAMA 2012!

    July 17, 2012 03:19 pm at 3:19 pm |
  2. Rom Knee

    Ladies and gentlemen.
    The Rom Knee bot is experiencing technical difficulties.
    We will atempt to re-program the device and have him back in service soon.
    Please stand by.

    July 17, 2012 03:21 pm at 3:21 pm |
  3. California

    Repubs distort everything. Example "fair share". That phrase would imply that everyone is in fact paying a share which we know is not the case.

    July 17, 2012 03:22 pm at 3:22 pm |
  4. Norm

    There ya go people.
    Mitt admits that his tax returns would be damaging to his candidacy.
    What more do you need?
    The guy is a liar and a felon.

    July 17, 2012 03:22 pm at 3:22 pm |
  5. Jon

    I don't doubt for one second (and neither should any competent adult) that the democrats will distort his tax information to take advantage of ignorant and naive voters (many of whom fill these posting boards with rhetoric and insults). It's fair play. Republicans have been doing this, democrats have been doing this, it is politics. The amazing part to me is that so many people are falling for the obvious attempt by the president to avoid talking about the actual issues or his record. Somehow, even republicans have lost track of what is important. Like, how to fix the economy, reducing the national debt, fixing medicare/medicaid/social security. I applaud Romney for attempting to stick to the issues, but he needs to do more. I'm dissapointed with the president. I don't doubt his patriotism or that he thinks that he has the answers. Nevertheless, for a candidate that ran so well on a platform of decency and focusing on the issues, he has certainly abandoned his ideals. This is his "swift boat." It must be very dissapointing to all the people who switched sides to vote for his in the last election.

    July 17, 2012 03:22 pm at 3:22 pm |
  6. The Real Tom Paine

    California

    Dems distort everything. Example "fair share". That phrase would imply that everyone is in fact paying a share which we know is not the case.
    *****************************
    Well, we have more people retiring now, who are taxed only on investments, and the poor are not taxed thanks to Ronald Reagan's policies allowing them more money to pump into the economy....Come up with some real facts, junior, not fantasies.

    July 17, 2012 03:23 pm at 3:23 pm |
  7. dave

    do any of you right wingnuts care to tell me just what a "JOB CREATOR" is! these guys have had their big tax cut in place for over 10 years so why is unemployment still over 8%. please don't blame the president either because george bush jr. took me out of my familly tool and die engineering business during his time in the white house. remember the only boom in the economy he created was a sign makers business printing large numbers of signs saying "for sale or lease commercial property"! they were growing out of the ground like weeds in front of closed small businesses during the last time a republican was in the white house

    July 17, 2012 03:23 pm at 3:23 pm |
  8. rob

    Obama 2012 – MOVE Forward America, NOT another round of DUBYA's FAILURES ASKED:

    "What EXACTLY does Robme intend to do to "fix" the economy and our fiscal woes?"

    Well since your a CNN reader than I understand that you havn't heard any reporting on Romney's plans except for the Democrat critique's. I suggest you do a little research or tune into more fair and ballanced news so you may understand that there are proven policies that he proposes, many of which everyone except president Obama and the Dems in the Senate agree with like a reforming on the tax code.

    I hope Romney continues to ignor the liberal media.

    July 17, 2012 03:25 pm at 3:25 pm |
  9. Koch Brothers

    Dear Willard.
    Keep lying, they are starting to believe it.
    Check your bank account, we have just deposited another 1.5 Mil.
    Dont forget, we get first dibs on the bedrooms in the white house.

    Love, The Koch Brothers.

    July 17, 2012 03:26 pm at 3:26 pm |
  10. Sensibly

    And so remind me again, public disclosure of 12 years of Romney's tax returns is relevant for exactly what reason?

    July 17, 2012 03:27 pm at 3:27 pm |
  11. Tom from Canonsburg

    Just by the heading. The pot (GOP) calling the kettle (Dems) black.

    July 17, 2012 03:27 pm at 3:27 pm |
  12. Ronda in Houston,TX

    Romney is hiding something. My Republican friends say that unless he releases 10+ years of tax returns, they will not vote for him.

    July 17, 2012 03:28 pm at 3:28 pm |
  13. AC-DC

    Shot down in flames.

    July 17, 2012 03:28 pm at 3:28 pm |
  14. California

    Al-NY,NY

    California

    Dems distort everything. Example "fair share". That phrase would imply that everyone is in fact paying a share which we know is not the case.
    ------

    how childishly simplistic. your sippy-cup needs refilling with Faux Snews juicy juice

    ---------

    Changing facts seems to be common place for democrats/liberals such as yourself. You're on the MSLSD boat I'd bet.

    July 17, 2012 03:28 pm at 3:28 pm |
  15. Repulicans are for the rich. Plain and simple!

    Sensibly, So you know that the person you vote for running the country is honest!

    July 17, 2012 03:28 pm at 3:28 pm |
  16. romneycares less

    What would jesus do?

    July 17, 2012 03:29 pm at 3:29 pm |
  17. Duck Dodgers

    Sensibly

    And so remind me again, public disclosure of 12 years of Romney's tax returns is relevant for exactly what reason?

    To find out if he is a crook.
    You still want that burf certificate ?

    July 17, 2012 03:29 pm at 3:29 pm |
  18. California

    The Real Tom Paine – The fact is you obviously can't even comprehend the meaning of words. Your IQ can't be over 50.

    July 17, 2012 03:30 pm at 3:30 pm |
  19. cee-dog

    Simple math: The longer Mitt Romney hides his tax returns from the electorate (something his hero Ronald Reagan never did) the more likely Obama will win in the blue-collar swing states (four months of "What is Mitt Romney hiding?" ads should do it) and win re-election. This is a gift to Democrats that will keep on giving (much as John Kerry's "I was for it before I was against it" soundbite was the GWB in 2004.)

    If Mitt chooses to stay inside his gated community, he will lose.

    July 17, 2012 03:30 pm at 3:30 pm |
  20. Prosperid

    rob

    Obama 2012 – MOVE Forward America, NOT another round of DUBYA's FAILURES ASKED:

    "What EXACTLY does Robme intend to do to "fix" the economy and our fiscal woes?"

    Well since your a CNN reader than I understand that you havn't heard any reporting on Romney's plans except for the Democrat critique's. I suggest you do a little research or tune into more fair and ballanced news so you may understand that there are proven policies that he proposes, many of which everyone except president Obama and the Dems in the Senate agree with like a reforming on the tax code.

    I hope Romney continues to ignor the liberal media.

    Like many of you GOP/Flip flopper supporters, please answer the question instead of blaming & dodging.
    Oh I forgot, you don't know what his plan is. Your fair and balance media feeds you anti-Obama distortions.

    July 17, 2012 03:30 pm at 3:30 pm |
  21. fernace

    Why should he show his tax returns? He hasn't showed us anything at all, but he does want to be president to massage his self serving ego! Don't show it, Romney, I don't care at all because I plan to go forward w/Obama, anyway!!

    July 17, 2012 03:33 pm at 3:33 pm |
  22. Jon

    dave

    do any of you right wingnuts care to tell me just what a "JOB CREATOR" is! these guys have had their big tax cut in place for over 10 years so why is unemployment still over 8%. please don't blame the president either because george bush jr. took me out of my familly tool and die engineering business during his time in the white house. remember the only boom in the economy he created was a sign makers business printing large numbers of signs saying "for sale or lease commercial property"! they were growing out of the ground like weeds in front of closed small businesses during the last time a republican was in the white house

    #######################

    It must be dissapointing that Obama's first term is being referred to as Bush's third.

    July 17, 2012 03:33 pm at 3:33 pm |
  23. California

    NBC has already been not only proven liars but they admit it themselves. Their racist distortion of Zman's 911 tapes is a prime example of how demcorats distort the truth.

    July 17, 2012 03:33 pm at 3:33 pm |
  24. Me IN HOUSTON

    "Romney: Dems would 'distort' tax returns"

    What tax returns?
    Are you talking about those tax returns you won't disclose?
    Or the tax returns you did disclose for the last 2 years when you were running for office?
    Or the ones where you were put down as pres. ceo of BAIN but your retired retroactively?
    which one is it? Which one are they trying to distort

    July 17, 2012 03:36 pm at 3:36 pm |
  25. julie

    even the GOP knows mitt has many issues...............not just the off shore accts (thats real american) Bain, the lie he stopped working in 1999 sec says differently his lies has lies..........his tax returns relly has soemthing he HAS TO HIDE
    even other gop thugs say he should show his returns HE IS HIDING SOME BIG COULD BRING HIM DOwN...ITS ONLY A MATTE OF TIME

    Obama 2012

    July 17, 2012 03:38 pm at 3:38 pm |
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