Sources: Romney requested ten years of tax returns during V.P. vetting process
September 14th, 2012
07:53 AM ET
2 years ago

Sources: Romney requested ten years of tax returns during V.P. vetting process

Washington (CNN) - Mitt Romney requested at least ten years of tax returns from several of his potential running mates during the vice presidential vetting process, three Republicans familiar with the requests confirmed to CNN.

One GOP source said that while Romney officials asked for a decade's worth of tax documents, they were "were willing to settle for less" as they scrutinized the financial backgrounds of several Republicans before Romney ultimately decided to tap Wisconsin Rep. Paul Ryan as his ticket mate.

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The fresh details about the tax requests, first reported Thursday by The Daily Beast, threaten to complicate Romney's message as he continues to reject calls from President Obama's campaign team to release more than just two years of his own tax returns.

Democrats say Romney, who accumulated a substantial fortune during a nearly two-decade career in consulting and private equity, needs to show voters what tax rate he paid and provide more details on financial assets held in offshore bank accounts.

Romney faced similar pressure from his Republican primary opponents last winter.

Citing privacy, the former Massachusetts governor has promised to release two years of his tax returns, but no more. He has made his 2010 return public and says he will release his full 2011 tax filings before Election Day.

Romney paid an effective tax rate of 13.9% in 2010.

"The Obama people keep on wanting more and more and more: More things to pick through, more things for their opposition research to try to take a mountain out of and to distort and to be dishonest about," Romney told Fox News in July, noting that "none of the tax returns are required by law to be put out."

But Ryan, in an interview with "60 Minutes" after his selection in August, said that he was asked to submit "several" years of tax returns to the Romney campaign during the vetting process. He declined to say exactly how many years.

He called the tax questions a distraction and said he planned to follow Romney's lead and release two years of returns – the same number that GOP nominee John McCain made public in 2008.

Another Republican vetted for the vice presidential job, former Minnesota Gov. Tim Pawlenty, also said he submitted "several years" of tax documents but would not say how many. Romney's point person on the vice presidential search, his longtime adviser Beth Myers, said the same.

The Obama campaign released a new web video Friday seizing on the transparency issue and accusing Romney of "ducking and dodging on his tax returns."

"That's one set of rules for Romney and another set for everyone else," a narrator says in the video, which highlights the ten years of tax returns requested by the Romney campaign during the vetting process.

The Romney campaign, which has steadfastly avoided discussing the vice presidential search process, did not respond to a request for comment.


Filed under: 2012 • Mitt Romney • Taxes
soundoff (34 Responses)
  1. wgf

    Romney understands the need to see 10 years of tax returns in order to vet a potential candidiate. He just doesn't feel that we have the right to vet him, because.. well, you know... he's that much better than the rest of us.

    September 14, 2012 07:57 am at 7:57 am |
  2. TomInRochNY

    Romney/Republican hypocrisy. So this is news? We already knew this.

    September 14, 2012 08:16 am at 8:16 am |
  3. vic , nashville ,tn

    Here go again one rule for Romney, one rule for others

    September 14, 2012 08:17 am at 8:17 am |
  4. CC31

    Liars and cheats

    September 14, 2012 08:25 am at 8:25 am |
  5. Pennsylvanian

    Apparently what is good for the goose is not good for the gander.

    September 14, 2012 08:32 am at 8:32 am |
  6. rla

    This election is about a new leader not tax returns !!!

    September 14, 2012 08:36 am at 8:36 am |
  7. Marty, FL

    Romney demands 10 years of tax returns from VP nominees, but Mitt has only given the American people 1 year. It's not right.

    What is Romney hiding?

    September 14, 2012 08:38 am at 8:38 am |
  8. Jeff Brown in Jersey

    Hypocrite!

    September 14, 2012 08:43 am at 8:43 am |
  9. Steven Colo

    Do as I say, not as I do.

    September 14, 2012 08:46 am at 8:46 am |
  10. Malory Archer

    Indeed! Shouldn't we expect the same thing from him as he expects from his #2?

    September 14, 2012 08:47 am at 8:47 am |
  11. Alex

    Will we see 10 yrs of Rommey's tax returns? Or Rules don't apply to Rommey.

    September 14, 2012 08:48 am at 8:48 am |
  12. Anonymous

    wish i had the money to hire CPA's and tax attorneys to help me hide my fortunes , then i could screw the tax system

    September 14, 2012 09:03 am at 9:03 am |
  13. John

    Than why does Mitt Romney think he has to show only two years of tax return, Kind of make you think he hiding something doesn't It. Mitt Romney can't be trusted at all.

    September 14, 2012 09:03 am at 9:03 am |
  14. NEVER to VOTE REPUBLICAN again

    Hey MITT! Show us your 10 years of tax returns!

    September 14, 2012 09:13 am at 9:13 am |
  15. Marry

    How many years of tax returns did Ryan request of Romney? Since he would put his political future on Romney? Oh, trust… Funny, two liars to trust each other….
    It is so important to get out and VOTE a strait blue ticket in November to end this GOP/TP madness!!!
    President Obama/Democrat ticket Nov 2012!!

    September 14, 2012 09:13 am at 9:13 am |
  16. kathy/Minnesota

    WHAT NERVE!!!!!!

    September 14, 2012 09:19 am at 9:19 am |
  17. Mark

    Atta boy Mitt. Ten years of tax returns for the VP but only 2 from you. Now that's "fair and balanced". You'll do the same thing as president. The middle class will pay their fair share and you will not.

    September 14, 2012 09:20 am at 9:20 am |
  18. Jules

    Of course he requested ten years of tax returns from the VP contenders – he is one of those do as I say not as I do guys. He talks the talk but doesn't walk the walk. A great pretender.

    September 14, 2012 09:24 am at 9:24 am |
  19. NameChi

    Mitt u ought to be ashamed of urself, show the american people 10 years of ur Taxez!!

    September 14, 2012 09:38 am at 9:38 am |
  20. ConsiderThis, FL

    This is just an example of how things work in RomneyLand. He doesn't hold himself accountable to the same standards he holds everyone else to. I wonder why. Obviously, he's never had to be accountable. Bottom line: Romney wants the prestiege and recognition that comes with being president, but he hasn't a clue of the responsibility and accountability that the presidency entails. He actually thinks that he can report to the oval office in the morning, take some pictures, put his feet up on the desk and do nothing. He wants to be the King of America and Anne definitely wants to be Queen. One more thing, Romney is a war hawk. I suggest that a law be passed that requires all law makers who vote to go to war serve in that war or someone from their immediate family serve. I guarantee that we wouldn't go to war ever again if there was such a war. Romney loves to sable rattle, but his precious little sons dare not be called to serve.

    September 14, 2012 09:43 am at 9:43 am |
  21. enuff

    Yes, the tax return issue is a distraction. One that will help them lose the contest. Romney is a hypocrit if he is demanding people show their tax info to prove they are worthy of being on his team, but refuses to show his to prove to the American people he deserves to be on theirs.

    September 14, 2012 09:56 am at 9:56 am |
  22. LegalizeReason

    Mitt, show us the tax returns or get out of the race.

    September 14, 2012 10:08 am at 10:08 am |
  23. Darrell

    Mitt is a hypocrite.

    September 14, 2012 10:11 am at 10:11 am |
  24. S.B. Stein E.B. NJ

    He requested what? That is really strange that he gets to look at someone else's returns and won't show his.

    September 14, 2012 10:13 am at 10:13 am |
  25. Becky

    Note to campaign – You may want to get Paul Ryan some clothes that fit.

    September 14, 2012 10:14 am at 10:14 am |
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