DPVA Calls on Mitt Romney to Level with Voters and Release All of His Tax Returns

4/10/2012

DPVA Calls on Mitt Romney to Level with Voters and Release All of His Tax Returns


Richmond, VA - DPVA Chairman Brian Moran released a statement today calling on Romney to come clean with voters by releasing all of his tax returns as new details continue to emerge about questionable steps Mitt Romney has taken over the years to avoid paying his fair share in taxes:

 

"With every passing week, the American people find out more information that raises questions about Mitt Romney and whether he's taken unusual steps to avoid paying his fair share of taxes.  In January, Romney released only his 2010 tax returns and an estimate of his 2011 taxes - leading to revelations that he paid a lower tax rate last year than many hardworking middle-class families, due to tax loopholes like carried interest, a tax loophole that allows investment managers to pay a lower rate than they normally would, and other advantages like overseas tax havens that aren't available to most Americans.  We also discovered through these limited returns that Romney has made millions from investments in offshore tax havens, including Bermuda, the Cayman Islands and Luxembourg. 

 

"Now, we're learning new details about Mitt Romney using an ethics and financial disclosure loophole to hide his finances from voters - as well as questionable methods Romney may have used to drive up the value of his IRA.  What else is Romney hiding?  Unfortunately, we can't answer that question because he's only released limited returns.  This defies precedent set by presidential candidates - his father released 12 years of tax returns when he ran for president, President Bush released returns back to 1991, and President Obama released eight years of tax returns during the 2008 campaign.   Romney gave John McCain's campaign 23 years of tax returns when he was being vetted as a potential vice presidential candidate, yet he seems to believe the American people are only entitled to two years of returns.

 

"The fact is that Mitt Romney is asking voters to judge him on his 'real economy' experience at Bain Capital, but won't even release his tax returns from the years he ran the company."