Romney won’t release taxes because ‘I’m not a business’

By David Edwards
Thursday, August 9, 2012 10:23 EDT
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Mitt Romney via AFP
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Mitt Romney says corporations are people, but people are not corporations — at least when it comes to releasing his tax returns.

In an interview with Bloomberg BusinessWeek, the presumptive Republican presidential nominee said he would not be releasing more than two years of tax returns because “I am not a business.”

Executive editor Josh Tyrangiel asked Romney why the American people shouldn’t be entitled to the same information from a presidential candidate that he would have required as the CEO of Bain Capital before investing in a company.

“If you’re an investor and you’re looking at a company, and that company says that its great strength is wise management and fiscal know-how, wouldn’t you want to see the previous, say, five years’ worth of its financials?” Tyrangiel wondered.

“I’m not a business,” Romney insisted. “We have a process in this country, which was established by law, which provides for the transparency which candidates are required to meet. I have met with that requirement with full financial disclosure of all my investments, but in addition have provided and will provide a full two years of tax returns.”

“This happens to be exactly the same as with John McCain when he ran for office four years ago. And the Obama team had no difficulty with that circumstance,” the former Massachusetts governor continued. “The difference between then and now is that President Obama has a failed economic record and is trying to find any issue he can to deflect from the failure of his record. ”

In recent days, Democrats have turned up the pressure on Romney to release more than two years of tax returns. Senate Majority Leader Harry Reid (D-NV) has gone so far as to claim that the candidate “didn’t pay any taxes for 10 years.”

Speaking to ABC’s David Muir last month, Romney said that he wouldn’t be qualified to be president if he paid “more than are legally due.”

“I haven’t looked at the tax rate paid year by year,” Romney explained. “I know that I pay a very substantial amount of taxes and every year since the beginning of my career so far as I can recall.”

David Edwards
David Edwards
David Edwards has served as an editor at Raw Story since 2006. His work can also be found at Crooks & Liars, and he's also been published at The BRAD BLOG. He came to Raw Story after working as a network manager for the state of North Carolina and as as engineer developing enterprise resource planning software. Follow him on Twitter at @DavidEdwards.
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