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August 3rd, 2012
08:14 PM ET

Romney on Reid's tax return allegations: "Put up or shut up"

Mitt Romney fires back at Sen. Majority Leader Harry Reid's (D-NV) for allegations that he has not been paying his taxes. Reid says that an unidentified former associate of Romney's had said he did not pay taxes in the past.

"I have paid taxes every year, and a lot of taxes ... so Harry is simply wrong, and that's why I'm so anxious for him to give us the names of the people who've put this forward," Romney told reporters, calling the tax return issue a Democratic effort to divert attention from a bad economy under Obama.

OutFront tonight: CNN Contributor Roland Martin and Senior Editor for the National Review Ramesh Ponnuru.

Romney to Reid: 'Put up or shut up'

Mitt Romney on Thursday pushed back against Senate Majority Leader Harry Reid's allegations that the presumptive GOP nominee has not been paying his taxes.

"It's time for Harry to put up or shut up," Romney said on Sean Hannity's radio show.

In a Huffington Post interview published Tuesday, the leading Democrat said that an unnamed investor with Bain Capital, Romney's former private equity firm, told Reid in a phone conversation that Romney had not paid taxes for a decade.

Reid stood by the allegations on Thursday while speaking on the Senate floor.

"The word's out that he hasn't paid any taxes for 10 years," he said. "Let him prove he has paid taxes because he hasn't."

FULL POST

On another matter, Romney again rejected calls to release more of his past tax returns and denied a claim by Senate Majority Leader Harry Reid, D-Nevada, that an unidentified former associate of Romney's had said Romney - a multimillionaire - paid no taxes in past years.

"I have paid taxes every year, and a lot of taxes ... so Harry is simply wrong, and that's why I'm so anxious for him to give us the names of the people who've put this forward," Romney told reporters, calling the tax return issue a Democratic effort to divert attention from a bad economy under Obama.


Filed under: News • Politics
soundoff (6 Responses)
  1. Frank Andolino

    The reason is because Republicans pushed Clinton to sign The Financial Services Modernization Act of 1999. Learn it. Worse piece of crap legislation that led to investment firms that were "too big too fail".

    August 4, 2012 at 10:38 pm | Reply
  2. Frank Andolino

    When Bush Jr left office..he left The U.S. the tab for: 2 wars he initiated (Iraq and Afghanistan) costing close to a 1 trillion dollars when Bush Jr left office… while at the same time Bush Jr cut the corp and personal income rate for the wealthy to their lowest rate in 50yrs on 2001, 2003 and forced Obama to give in to furthering the tax break for the top 1% for 2008 because Repubs wouldn’t give tax breaks for middle income unless he conceded to Bush Jr tax cuts for 2 more yrs in 2008….which of course cost a LOSS in tax revenue for the Govt over a trillion dollars…and oh yeah..Bush Jr was in office an approved the 1st bail out (with Henry Paulson of Goldman Sachs)...that bailed out 800 billion dollars worth of financial debt ironically caused by part Paulson’s own firm (GoldmanSachs) as well as Chase, Bank of America, AIG, Lehman Brothers...and guess what..when it was time for bonuses to THOSE who sold the junk bundle real estate loans to all the banks from 2003-2007...Republicans fought Obama and made sure executives at AIG..Sachs and tons of hedge funds all got their bonus for selling bogus real estate bundles to all the national banks which of course led to the worse recession ever for the US…..and ya know why that all happened?

    August 4, 2012 at 10:29 pm | Reply
  3. Frank Andolino

    Economy wise:
    • 800k jobs were being loss per month when Bush Jr left office….3 yrs later…we are now seeing 100-200k jobs added per month for 26 straight months. Oh you don’t think that’s a lot? Hmmm..well.. that’s equal to a football stadium packed worth of people each month. That’s actually a lot of people from compared to where we were on Jan 1, 2008.
    • Real GDP (one of several main benchmarks to determine health of a nation’s economy was at negative 6% when Bush left office. 3 yrs later with Obama its now at positive 3%.
    • Obama administration has put the US financial system, which was still near collapse when Obama took office, on much firmer footing.
    • Obama administration put GM and Chrysler through bankruptcy in record time.
    • The housing market has started to rebound.
    • The stock market is up about 50% from its low point about a month after Obama took office and now is at it’s highest level.

    August 4, 2012 at 10:26 pm | Reply
  4. Frank Andolino

    @ Schyler, yeah. wouldnt you like that. Listen Schyler, Romney is a candidate dead on arrival. Lets review: He wont release his tax returns except for one year and that one year he released shows he paid 14% in taxes compared to our average 28%. Obama released his last 10 years of returns. Romney was born to wealth, given 20 million to start Bain Capital which profits in the millions even when companies they "consulted" for went bankrupt. Meanwhile Obama spent his time helping the poor in Chicago get fair housing. Romney's wife's horse costs 50-70k/yr to maintain. That's more than the average salary of 80% of Americans.

    August 4, 2012 at 10:05 pm | Reply
  5. marilyn

    mitt needs to stop whining. unless he is pulling another trick like he TRIED to do us (the residents of Massachusetts) 10,years ago with lies and amended tax returns to prove he was a resident of Massachusetts and not Utah. if you don't believe me go back to any Boston newspaper archive 2002 and see for yourself.

    August 4, 2012 at 6:45 pm | Reply
  6. Schyler

    Shut up about tax returns and birth certificates already and focus on the economy, please, I beg of you.

    August 4, 2012 at 2:14 am | Reply

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