Romney so far has released one complete tax filing, for 2010, along with an estimate for 2011. He filed for an extension for his 2011 tax return.
Democrats are accusing Romney of being secretive and taking advantage of tax loopholes that aren’t available to average Americans. The former Massachusetts governor has also come under attack for accounts he has held in Switzerland, the Cayman Islands and Bermuda.
I guess this is a lose, lose situation. Anyone can imagine why Romney doesn’t want to release more returns, but refusing to release them just makes it more of a story.
So, what’s worse - what will be revealed by releasing your returns or what we imagine will be revealed by releasing your returns?
Former President Bill Clinton said Mitt Romney’s financial record is a matter of legitimate campaign scrutiny because he’s been selling himself as a fix-it man on the economy.
Clinton told NBC’s “Today” show Romney’s hesitation to release all of his tax returns “struck me as a little odd.” Romney has released a full tax filing only for 2010.
He explained, “I am a little surprised he only released a year’s worth of tax returns. That kind of perplexed me, because this is the first time in, I don’t know, more than 30 years that anybody running for president has only done that. you know, it’s typical we all release 10, 11 years. I think Senator McCain released over 20 years of tax returns.”