January 26th, 2012
06:05 PM ET
11 years ago

Romney campaign will amend disclosure forms

(CNN) - Mitt Romney's campaign said Thursday it would amend a financial disclosure form filed when he officially declared his candidacy in 2011 because some details didn't match the candidate's newly-released income tax returns.

Romney's campaign spokeswoman Andrea Saul said the changes were "of a minor technical nature," and that the overall picture of the disclosure report would not change.

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"The inescapable fact is that by releasing over 600 pages of information regarding his finances, Mitt Romney is clearly coming down on the side of disclosure," Saul said. "Any document with this level of complexity and detail is bound to have a few trivial inadvertent issues."

Reports Thursday pinned one discrepancy on a Swiss bank account held by Mitt and Ann Romney that was recorded in the tax returns, but was missing from the initial disclosure filing.

The Swiss account omitted from the initial report is part of Ann Romney's blind trust, according to the Los Angeles Times. The newspaper reported the couple held $3 million in the account until 2010, when it was closed. The Romney campaign is amending the disclosure report to reflect $1,700 worth on interest earned from the account in 2010, according to the L.A. Times.

The newspaper said there were a total of 23 funds or partnerships that appeared in the tax returns but weren't listed on the disclosure forms.

Candidates for president are required by law to disclose personal finance information to the Federal Election Commission, but aren't required to release their personal income tax returns. However, many past presidential candidates have released their tax forms.

Romney's campaign released the former Massachusetts governor's tax returns Tuesday after pressure from fellow candidates. The forms showed the candidate making $42.7 million over the past two years, and paying $6.2 million in taxes.

While the Romney campaign called the changes "minor" and "technical," the Democratic National Committee chair suggested something more sinister.

"Well, good for him. I would never have assumed it was okay to leave a Swiss bank account off my disclosure," Debbie Wasserman Schultz said on CNN's "The Situation Room," then asked, "What is he trying to hide?"

Also see:

Obama shares intense encounter with Arizona governor

Gingrich shoots for the moon

Bachmann will run for reelection

Filed under: 2012 • Mitt Romney • Taxes
soundoff (39 Responses)
  1. midwestmoderate

    If he becomes the nominee I wonder what kind of dirt the Obama campaign will dig up (if they don't already have it). I mean he did destroy all records of his time as governor of Massachusetts. What was he trying to hide...

    January 26, 2012 07:34 pm at 7:34 pm |
  2. racegirl1

    Well, I would love to see what was on his computers he erased when he left as governor. I bet that would be interesting reading, maybe someone should find those computers and restore whatever was on them. No one get rid of computers in his office unless their was something to hide. How do we know he wasn't doing work for Bain on the side while in office and moving his money to Switzerland and the cayman island and wherever else he could put it.

    January 26, 2012 07:37 pm at 7:37 pm |
  3. Jilli

    Easy mistake, right? I mean, who hasn't forgotten about their Swiss bank accounts from time to time?

    January 26, 2012 07:57 pm at 7:57 pm |
  4. Sanity

    Romney missed reporting $1,700. Obama lost a trillion dollars in wasted stimulus funds. Simple issue for a thinking person.

    January 26, 2012 08:10 pm at 8:10 pm |
  5. Voice of Reason

    Mitt Romney – seriously in touch with the average American. I mean, who HASNT made a little 'trivial' banking error of $3,000,000 ?

    To put that in perspective, his minor, technical rounding error or whatever – is more than 100 times what the average family earns in a year. And this guy is a paragon of republican virtues – he made it all in free market capitalism. THIS is what they are telling you is good for America! This is the so-called 'job creator' mentaility.

    Tell us, Mitt? How many jobs did that money create when it was socked away in a swiss bank account? Liar.

    January 26, 2012 08:13 pm at 8:13 pm |
  6. enuff

    Why isn't his money good enough to put in American bank accounts? After all, if we invest in American business... blah blah

    January 26, 2012 08:29 pm at 8:29 pm |
  7. Independent in NC

    Romney is not fit to run for President. Why hide money in other countries, tax evasion or criminal enterprise? Did he not realize we would eventually find this out.

    January 26, 2012 08:43 pm at 8:43 pm |
  8. Anonymous

    "It makes one wonder if Romney is tied to the mob."

    That's an excellent point. We know Mitt R-Money is backed by the neocons, And those neocons sure act mob-like sometimes.

    January 26, 2012 08:55 pm at 8:55 pm |
  9. NOvember 2012

    I would like to see some disclosure from obama...a real birth cert, academic records, and health records...why not? Does he have something to hide? Well...lets put it this way: what is he hiding?

    Also, some disclosure on H clinton and her wonderful slick willie... could there possibly be any conflict of interest?

    Lets take a serious look at Nancy Pelosi...much of their financial life never sees the light of day.

    January 26, 2012 08:57 pm at 8:57 pm |
  10. NOvember 2012

    folks....no prudent wealthy American keeps all his money contus... and certainly your 401k had better be invested off shore.

    January 26, 2012 08:59 pm at 8:59 pm |
  11. Anonymous

    The "What is Mitt R-money Hiding?" ads just write themselves!

    January 26, 2012 09:04 pm at 9:04 pm |
  12. Anonymous

    "Last night, Mitt R-Money made $50,000. In his sleep. How much did you make last night?"

    January 26, 2012 09:11 pm at 9:11 pm |
  13. Anonymous

    "Romney has always been a liar"....blah blah blah blah......BUT never stipulated just what that lie IS"

    That's an untrue statement. R-money's lies are easily and frequently identified here. An easy recent one is his suggestion that Fannie/Freddie were responsible for the housing crash. Everyone who's investigated knows full well the vast majority of the blame is with Wall Street. R-money lies and pretends otherwise.

    January 26, 2012 09:15 pm at 9:15 pm |
  14. mirrorlogic

    How could Willard Mitt make a significant mistake on his Federal financial filling form? Revising financial disclosure form filed with the Office of Government Ethics - all that money and his team forgot to include offshore investment in the Bermudas, Ireland, Cayman islands and of course the always popular Switzerland. This does not line up somehow...

    January 26, 2012 09:26 pm at 9:26 pm |
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