North Carolina Democratic Party’s Statement on Release of Mitt Romney’s Tax Returns
North Carolina Democratic Party’s Statement on Release of Mitt Romney’s Tax Returns Today and Questions Still Left Unanswered
Raleigh, NC– Today, after years of resistance, Mitt Romney has released limited information about his finances. In response, North Carolina Democratic Party Chair David Parker released the following statement:
“Mitt Romney has spent years refusing to release his tax returns – and though he finally agreed to do so today, he offered just one full year of returns. After deciding that John McCain’s campaign was entitled to 23 years of tax returns as part of a vice presidential vetting process, Mitt Romney believes the American people are only entitled to one year’s worth. This decision flies in the face of precedent set by previous presidential candidates – Romney’s father released 12 years of returns, President Bush released returns back to 1991, and President Obama released eight years of tax returns during the 2008 campaign. With the GOP primary coming to North Carolina in a few months, don't the voters of this state deserve to see the full picture?"
Recently, the Vice-Chair of the North Carolina Republican Party even called on Romney to fully disclose his financial dealings.
“There is no question that Romney failed today to release sufficient information for the American people to be able to evaluate his investments, see exactly how he acquired his mass fortune during his time as a corporate raider for Bain Capital, and determine whether he has any financial conflicts that could cloud his judgment," Parker continued. "Clearly, Romney wants to continue to exploit the loopholes, special deductions and other gimmicks that he and other extraordinarily wealthy Americans use to pay a lower tax rate than working and middle-class families. With these priorities, it’s no surprise that Romney’s tax plan would cut his own 2013 taxes by nearly half. That’s where Romney stands – and that’s exactly why he still refused to fully come clean with the American people today/"
For example: Romney closed a Swiss investment account only because an advisor was worried it might cause political problems should it stay open. Additionally, Romney has made a fortune using offshore investments, from Swiss bank accounts to investments in the Caymans to Bermuda to Luxembourg to Ireland – all famous tax havens that cost American taxpayers about $100 billion a year in lost revenue.
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