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The White House Shares Their Tax Records — Will Romney?

The White House Shares Their Tax Records — Will Romney?

For a very brief blip on the campaign trail, all anyone could talk about was what former Massachusetts Governor Mitt Romney was hiding in his tax returns, and why he wouldn’t make them public.

Eventually, we learned he was embarrassed that he paid such a lower tax rate than so many of the Americans he said he wanted to represent.  He did, however, say he would release the latest set come tax time.

Well, here we are.  And we’re waiting.

Both President Barack Obama and Vice President Joe Biden has now posted a full decade of tax returns online, following the tradition of numerous presidents and candidates.  Now they ask Romney to do the same. “Mitt Romney’s defiance of decades of precedent set by presidential candidates on both sides of the aisle, including his own father, begs the question — what does he have to hide?” Obama Campaign Manager Jim Messina said via statement. “Did he exploit loopholes in the tax code by keeping his investments offshore and is that why he’s protecting those loopholes now? Why did he open a Swiss bank account instead of an American bank account and establish a corporation in Bermuda instead of on our shores? Did he pay a lower income tax rate than the 13.9 percent he paid in 2010 and is that why he opposes the Buffett Rule to ensure millionaires don’t pay less taxes than middle-class families?”

Obama’s campaign isn’t the only one harping on the tax code, either.  House Democrats are attacking the Republicans over a small businesses tax cut they say wouldn’t really help small businesses. “The Democratic Congressional Campaign Committee Thursday began circulating a release to media in some 60 GOP Congressional districts — including those of Michigan’s Dan Benishek, Minnesota’s John Kline and Chip Cravaack, Wisconsin’s Reid Ribble, New Hampshire’s Charles Bass, Colorado’s Mike Coffman and Scott Tipton, and Nevada’s Joe Heck — attacking the plan, which would provide a 20 percent tax break to small businesses. In the release, the DCCC questions whether the various Members will support the ‘proposal to give more tax cuts to the richest people in the United States — people like Oprah Winfrey and Kim Kardashian — when it comes to the floor next week?’”

I guess the only thing certain in this world is death and tax fights.


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1:06PM PDT on Apr 15, 2012

Such hypocrisy! You posters complain about THIS when your president has more of his past hidden than what was erased off the Watergate tapes! He has more "sealed" papers and such a questionable past, that it is laughable to even bring this up. Question this president and his seemingly lost existence instead of wasting time asking Romney to come up with something that is probably none of your business anyway and minor next to the secret past of Obama.

3:24AM PDT on Apr 15, 2012

On the Ed Show, MSNBC, it was announced that Rmoney has asked for an extension to even file his taxes, and apparently he'll release his tax returns sometime before the election. Yet another stalling tactic. We know he has accountants and lawyers who do up his taxes etc so what is his problem. With his standing, those individuals are not going to shuffle him to the bottom of the pile.

5:46PM PDT on Apr 14, 2012

do you people really want a president that has no idea of what it is like to work for a living? and as foe mrs. mitt, I would have a dozen children if I was a millionaire mother! how tough could it have been!?!????

4:21PM PDT on Apr 14, 2012

No doubt sneaky, tricky Mitt has got his lawyers working night and day trying to finagle his taxes in some strange way to make him look not too much like the bad "rich" guy he really is. Swiss bank accounts, Caymen Islands? Give us a break.

3:43PM PDT on Apr 14, 2012

oh yeah when a BLACK MAN BECAME PRESIDENT. that's when.

3:42PM PDT on Apr 14, 2012

Steve N
“Following Obama's example with the birth certificate, Romney should at least wait until after he is elected President to release his tax information.”

Another birther Squeezes his ignoramus head out his ass. At what point in American history has ANY president been ‘forced’ to show their birth-certificate and, when did it become a pre-requisite of being president.

3:40PM PDT on Apr 14, 2012

Joe V
“I already know he is wealthy and pays his taxes based on the I.R.S. tax code. He already showed 2010 results. In due time we will see 2011.”

So where are the other 10 years?

2:51PM PDT on Apr 14, 2012

Since Romney is an obscenely rich vulture capitalist, they'll have to drag that damning information out of him. Nice try, Mitt, but just because you roll up the arms of your shirts when you mingle with the "little people" doesn't mean you have nothing up your sleeve...

1:58PM PDT on Apr 14, 2012

First of all, none of us are required to release our returns. Mr Romney said he would once it is filed and accepted and it isn't due until Tuesday so before you start ranting, wait until he files and has his return accepted. Mr Romney like many others pays a lower rate on money he invested; that's the way our system works. You risk your money and your reward is a lower rate. No one gives you back your money if you lose it with a poor investment. Additionally most of these people worked for the money and paid tax on it when it was regular income. Stop name calling people for following the tax laws that are currently in effect. Personally, I think a flat tax (maybe three different payment levels) would be much fairer, sensible and a whole lot easier. Am I in the top percent, no, do I take my deductions, yes, does that make me a criminal, no. Enough already.

11:53AM PDT on Apr 14, 2012

obama talks real big on the rich paying more but tell us mr obama why did you take all those deductions if your wanted to pay more . talks cheap and you fit it real good .

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Very interesting stats now we need to decide.

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Eventually, I wonder who the real humans are: trophy hunters or the bears?

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