July 16th, 2012
08:22 PM ET

Erin Burnett deconstructs Romney's tax returns: "It's time to put them on the table"

Mitt Romney continues to stand firm against calls for him to release more than 2 years of tax returns.

The Obama campaign attacks Romney on not disclosing additional returns, citing the release of 12 years of President Barack Obama's tax returns and Romney's father, George Romney,.the former governor of Michigan, who also released 12 years of returns when he ran for the 1968 presidency.

Why doesn't Romney release additional returns?

CNN's Erin Burnett takes a look at why he should release additional tax returns and what possible strategy Romney may use if he did release them.

Why won't Romney release more tax returns?

By announcing that he will release no further tax returns beyond his 2010 and 2011 returns, Mitt Romney appears to have exempted himself from the proud bipartisan tradition of presidential nominees displaying genuine financial candor with the electorate.

What is more, his disclosure to date is in the wrong direction: It is the release of Romney's past returns, not his current ones, that matters.

Since George Romney inaugurated the practice more than 40 years ago by releasing 12 years of tax returns in his bid for the Republican Party nomination, presidential nominees have been transparent with voters about their personal finances. For this reason, we have not suffered a significant tax scandal involving a nominee or sitting president since President Richard Nixon's abuse of the tax code.

Either Romney has an unresolved father figure issue, or he has some special reason not to follow a tradition established by his father.


Filed under: 2012 Election • Deconstruct • Politics
soundoff (3 Responses)
  1. youloze

    As an independent, he not wanting to release more tax returns has just lost my vote! He wants to be The Leader of the free world but he has offshore acconts so that he can escape the U.S tax system. What a Patriot! Don't trust it or him! He doesn't care for us, the middle class just the rich and super wealthy such as himself. (Being that the tax rate has not increased in almost 11 years, where are the jobs that the jobs creators are suppose to create being the low tax rate benefits them). As we see low tax rates don't produce any additional jobs! And he wants to lower taxes even more for the wealthy, for what? Then there will be less revenue to pay down our debt..He and he policies make zero sense! He follows in Bush's footsteps and even consults with then Bush's economic advisors! What is he thinking?

    July 17, 2012 at 2:11 pm | Reply
  2. Anthony Horan

    As usual you offer a solution to his public relations problem. On the positive is always good.

    July 16, 2012 at 10:34 pm | Reply
  3. Greg Louderback

    If as Romney says that he will only release 2 years of tax returns. When will the rest of 2011 come? He has no reason to when prominent anchors calling 1 1/2 years 2 years.

    July 16, 2012 at 9:58 pm | Reply

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