NHDP - Calls on Mitt Romney to Release Comprehensive Previous Years of Tax Returns

Romney Admits to Paying Far Lower Tax Rate Than Typical Working Families



Concord, NH - The New Hampshire Democratic Party is calling on Mitt Romney today to release his tax returns - a practice that every Republican and Democratic nominee for president has adhered to for a generation, including his father, but which Romney has repeatedly refused to do.


New York Times editorial today implored Romney to release his comprehensive tax returns, "Mr. Romney's insistence on secrecy is impossible to defend now that he appears to be closing in on the nomination and questions have intensified about his personal finances and record as a venture capitalist...It is not too much to ask someone seeking the nation's highest office to sacrifice some personal privacy to reassure voters that they have no hidden entanglements."


"It's time that Mitt Romney follow the precedent set by previous presidential candidates, including his own father, and release his previous comprehensive tax returns for the past eight years," said Ray Buckley, chair of the New Hampshire Democratic Party.


Today in South Carolina, Romney admitted he pays a tax rate close to 15%. (watch the clip at http://www.youtube.com/watch?v=x4_7bDUi3BY&feature=youtu.be)


"It's possible Mitt Romney doesn't want voters to find out what he admitted today - that he has paid 'closer to the 15 percent' tax rate, a rate far lower than what a typical working family pays. Romney doesn't want middle-class Granite Staters - and those still working to get there - to find out the real reason he opposes the Buffet rule which says millionaires should not pay a lower tax rate than their secretaries as a result of tax loopholes: he benefits from them," said Buckley.


This puts Romney squarely on the wrong side of public opinion. According to a late December Boston Globe/UNH poll, Granite Staters of all political affiliations support raising taxes on Americans who make more than $250,000 per year. In fact, 53% of New Hampshire Republican primary voters support this move to make sure Americans pay their fair share. (see the poll at http://www.boston.com/multimedia/2011/12/25poll_results/poll_results.pdf)


Buckley continued, "If Mitt Romney is unfairly taking advantage of the tax system, Granite Staters have a right to know about it."