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Old 01-22-2012, 04:18 PM
 
8,758 posts, read 8,866,306 times
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Romney will release tax returns on Tuesday - Washington Times


Quote:
On the morning after a big loss in South Carolina, a chastened Mitt Romney began trying to restart a stalled presidential campaign, saying he intends to move quickly to correct a “mistake” he made in not disclosing his tax returns.
“I will release my tax returns for 2010, which is the last returns which were completed, on Tuesday of this week. And I will also release at the same time an estimate for 2011 tax returns,” the former Massachusetts governor said on “Fox News Sunday.”
“We made a mistake holding off as long as we did, and it just was a distraction,” Mr. Romney said, ackknowledging that the attacks over his tax returns contributed to his double-digit loss Saturday night to former House Speaker Newt Gingrich.
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Old 01-22-2012, 05:56 PM
 
Location: NJ
18,677 posts, read 17,077,598 times
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It is sad that he needs to, as it demonstrates that the GOP base in 2012 is every bit as radical left-wing economically as OWS.

They have set a dangerous precedent this year, which will not allow them to credibly defend Free Market Capitalism in the future.

2012 has been the GOP's darkest period since Watergate.
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Old 01-22-2012, 06:02 PM
 
Location: Salt Lake City
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I have a kind of a dumb question... Are all the candidates being required to release their tax returns? If not, why is Romney?
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Old 01-22-2012, 06:21 PM
 
Location: NC
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Quote:
Originally Posted by Katzpur View Post
I have a kind of a dumb question... Are all the candidates being required to release their tax returns? If not, why is Romney?
They all are, it is precident that goes back to Romney's father, though Roosevelt released his way back when. Barack Obama released 8 years of tax returns during the 2008 campaign.

http://www.taxhistory.org/www/websit...tialtaxreturns
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Old 01-22-2012, 06:23 PM
 
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Quote:
Originally Posted by Katzpur View Post
I have a kind of a dumb question... Are all the candidates being required to release their tax returns? If not, why is Romney?


It's not a law. Several candidates in the past haven't released theirs and were never pressured like this about it. Newt just released his on Thursday for 1 year and it was not a complete return. He made most of his money from a business that he didn't release. Santorum and Paul have not released theirs.
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Old 01-22-2012, 06:25 PM
 
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Originally Posted by Randomstudent View Post
They all are, it is precident that goes back to Romney's father. Barack Obama released 8 years of tax returns during the 2008 campaign.


Not true at all. Some candidates in the past have not...Mike Huckabee, Steve Forbes, Reagan didn't until he got the nomination and neither did George H. W. Bush. That site is for people that are actually nominated, not just running.
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Old 01-22-2012, 06:27 PM
 
Location: NC
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Originally Posted by dixiegirl7 View Post
Not true at all. Some candidates in the past have not...Mike Huckabee, Steve Forbes, Reagan didn't until he got the nomination and neither did George H. W. Bush.
Steve Forbes was never a serious candidate, and Mike Huckabee was also out early on, Ron Paul is also not releasing his tax records, but like Forbes and Huckabee he is pretty much going no where. With the others they all released their returns eventually.
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Old 01-22-2012, 06:36 PM
 
8,758 posts, read 8,866,306 times
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Quote:
Originally Posted by Randomstudent View Post
Steve Forbes was never a serious candidate, and Mike Huckabee was also out early on, Ron Paul is also not releasing his tax records, but like Forbes and Huckabee he is pretty much going no where. With the others they all released their returns eventually.


Forbes and Huckabee were running for the nomination just like Romney is now. Santorum has not released his either. To be specific all of these candidates did not release their returns: Jerry Brown, Pat Buchanan, Mike Huckabee, Steve Forbes, Rudy Giuliani, Richard Lugar, and Ralph Nader.
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Old 01-22-2012, 06:37 PM
 
3,203 posts, read 3,347,970 times
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It would be awful to have a president that made huge sums of money away from DC.

Last edited by joebaldknobber; 01-22-2012 at 07:01 PM..
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Old 01-22-2012, 06:40 PM
 
3,271 posts, read 2,639,427 times
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Quote:
Originally Posted by Katzpur View Post
I have a kind of a dumb question... Are all the candidates being required to release their tax returns? If not, why is Romney?
It's become a tradition to the point where it's seen as suspect if a candidate doesn't, but no it's not a legal requirement.

Romney hasn't helped his case by first refusing, then waffling, now only releasing the past couple years instead of the decade or so that's typical for candidates, a tradition which as others have mentioned started by his father during his run for president. Obviously he hasn't done anything illegal or the like, as far as we know, but it's not going to look good that most of his money comes from investments which are taxed at a rate far lower than wage earners have to pay, plus his tax-exempt offshore investments.

It's a no-win situation, but he should've gone ahead, released the whole shebang, got it over with and taken the hit and everyone would've gotten over it by November. The mess he's put himself in is called the Streisand Effect.
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