(CNN) – Tagg Romney, the son of former Republican presidential nominee Mitt Romney, announced Monday that he will not run for the special Senate election in Massachusetts.
"The timing is not right for me, but I am hopeful that the people of Massachusetts will select someone of great integrity, vision, and compassion as our next US Senator," Romney, 42, said in a statement.
A source close to the Romney family told CNN earlier Monday that Romney was "thinking about it, but it's unlikely."
He would have run as a Republican in the race to replace former Sen. John Kerry, who left the seat to become U.S. secretary of state. Romney said he was "humbled by the outreach" he received this weekend, encouraging him to run–shortly after former Sen. Scott Brown, who was ousted from his own Senate seat in November, announced Friday he would not run for Kerry's vacant spot.
Romney, who started the venture capital firm Solamere Capital after his father's 2008 bid for the GOP nomination, advised his father in both that bid and in the 2012 presidential campaign. Mitt Romney lost his home state by 23 points to President Barack Obama in last November's election.
"I love my home state and admit it would be an honor to represent the citizens of our great Commonwealth," he said. "However, I am currently committed to my business and to spending as much time as I can with my wife and children."
With Romney's decision against running, the GOP has yet to find a candidate to run for the June election. Former Republican Gov. William Weld also announced Monday he wouldn't run, and state Senate Minority Leader Richard Tisei said Saturday he would sit out the election.
On the Democratic side, longtime Rep. Ed Markey and Rep. Stephen Lynch, a conservative Democrat, have both thrown their hats in the ring.
Democratic Gov. Deval Patrick announced that a trusted former aide was his choice to serve as an interim replacement for Kerry until the election. Patrick named William "Mo" Cowan, his former chief of staff, as senator.
– CNN Political Editor Paul Steinhauser contributed to this report.
Thank goodness – one Romney every decade is more than enough. Since he ran his father's campaign I doubt he could even run a lie-free campaign anyway. We need real leaders not bored rich boys.
Tagg seriously thinks he could have filled Kerry's shoes? OH, PLEASE!
Why would anyone want this idiot in government. One can not have respect for someone who believes the mormon cult. Yeah there was an archangel moroni, yeah Jesus Christ preached to the American-Indians, Yeah Indians are descendant of Jews, yeah the book of mormon was contained in a 200 pound book of gold tablets that polygamist and rapist and con man Joseph Smith carried around with him, and yeah there a a heaven planet called kolob. I wonder how many illegimate brothers and sisters he secretly has. Call daddy in in Nauvoo, Illinois awaiting the second coming of Christ along rapist Joseph Smith and murderer Brigham Young.
Too bad.....it would have been entertaining to see another Romney get his butt handed to him in a basket.
He is not even remotely qualified to be Senator: nor his father to be President.
I thought the Republican party prided itself on promoting a meritocracy: on opposition to "preferences".
There is no way Tagg`s name even surfaces in the conversation based on MERIT. Republicans are so full of it; and the "IT" is not INTEGRITY.
Just like his pappy, he has that 'not quite connected' look in the eyes, like the neurons aren't firing in sequence. Creeeeepy.
Tagg, you're not it.
And Tagg's qualifications for Senate would be?...
Is the same tough guy who said he would take on the entire Secret Service? hahahahahahahahahah.
He's smart not to run. He'd get his rear end whipped pretty bad in his state.
Come on. Why would he run for anything? He has no value that he has to run for anything.....
Enough Romney, enough Palin......ENOUGH ALREADY
But I thought he and his mormon cult family were on the planet of kolob with Joseph Smith and Brigham Young.