Senate Majority Leader Harry Reid’s Comments On Romney’s Taxes

The Senate Majority Leader released a statement yesterday on Mitt Romney’s latest tax release that entailed one year’s worth of tax returns. Those tax returns also show that he paid a lower tax rate than most middle class Americans. Reid’s statement was as follows:

The information released today reveals that Mitt Romney manipulated one of the only two years of tax returns he’s seen fit to show the American people – and then only to ‘conform’ with his public statements. That raises the question: what else in those returns has Romney manipulated? We already know Romney has money in tax havens in Switzerland, Bermuda and the Cayman Islands. What we don’t know is why he refuses to be straight with the American people about the choices he’s made in his financial life. When will the American people see the returns he filed before he was running for president? Governor Romney is showing us what he does when the public is looking. The true test of his character would be to show what he did when everyone was not looking at his taxes.


It’s also galling to see the creative accounting Mitt Romney applied to his own tax returns only days after learning of his insulting comments that seniors, soldiers and hard-working parents don’t pay enough taxes. Once again, we see Mitt Romney is out of touch with middle class families, who don’t have the luxury of accounting wizards and foreign tax shelters. It’s obvious he believes in two sets of rules: one for him, and one for the middle class. He says he wants to be president for only half the people but he acts like he only cares for the top two percent. Despite the fiscal cliff looming in just over three months, Mitt Romney refuses to explain the details of his tax policy. Will the policies he proposes benefit all Americans, or only multi-millionaires like him?

Reid is right. Mitt Romney has only released tax returns from two years–and he’s been running for more than four! That means that the two fiscal years of tax returns he has released were from time periods wherein he knew he had to look legitimate. If, even then, his tax returns show a lower tax rate than the middle class, how do you think they look from before, which he refuses to release? The ironic thing is that there is a very real chance that Mitt Romney himself is part of the forty-seven percent.

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