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Call for Romney to release detailed tax returns | The Obama campaign has renewed calls on
Republican presidential nominee Mitt Romney to release more details about his
tax returns. According to ABC News, the Obama campaign said that Romney's complete
disclosure of his tax returns was the only way out to resolve questions about
his secretive offshore finances, which Democrats have been scrutinizing. "These
issues are important, because voters can't make judgments about Mitt Romney's
motivations on critical policy matters if this information is kept hidden," Deputy
Obama campaign manager Stephanie Cutter said. "If there's nothing to hide, why
not clear it all up and release multiple years of returns like every candidate
has done for decades, including Mitt Romney's own father?" he added. In January,
Romney had released copies of his 2010 tax return after immense public pressure
from his GOP primary rivals and Democrats. But he stopped short of releasing the
12 years worth of returns that his father did when running for president, and
as President Obama has done. Democrats allege that Romney's lack of transparency
suggests that he has been "betting against America " through investments abroad
and benefiting from special tax loopholes through a Swiss bank account, holdings
in the Cayman Islands and ownership of a Bermuda corporation. The Romney campaign
has long insisted that the former governor and corporate buyout specialist has
complied with all federal laws and financial regulations. Romney's aides said
the Democratic attacks amounted to a character assassination of the prospective
Republican presidential nominee.
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