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January 19, 2012

Romney Rejects Disclosure of Multiple Tax Returns 
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Romney revealed this week he likely pays a 15 percent tax rate because
the bulk of his income comes from investments, a lower rate than what
most Americans pay on working wages. On Wednesday, Romney drew new
criticism after insisting he will only release his tax records for the
previous fiscal year, not the records for a number of years as
presidential candidates usually do.

Mitt Romney: "Tradition has been the nominee releases his tax returns in
tax season, in April, and I know that if I'm the nominee, people will
want to see the most recent year and see what happened in the most
recent year and what things are up to date, and so they'll want to see
the tax returns that come out in April. So, rather than sort of have
multiple releases of tax returns, why, we'll wait until tax returns for
the recent year are completed and then release them."

In Washington, White House Press Secretary Jay Carney pointed out that
Romney's own father began the tradition of releasing multiple tax
returns.

White House Press Secretary Jay Carney: "Obviously, we think it's a good
tradition, and that's why then-Senator Obama released his tax records
going back, I think, six or seven years when he was a candidate for
president in the 2008 election cycle. And I believe—you know, I think
it was a tradition that was initiated by then-presidential candidate
George Romney, back in 1968, who released 12 years of tax records in
'68, as I understand it."



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