Mitt Romney Tax Returns
January 22, 2012 by staff
Mitt Romney Tax Returns, Republican presidential candidate Mitt Romney will release his 2010 tax return and 2011 estimates on Jan. 24, saying in an interview on “Fox News Sunday” that it was a mistake not to do so earlier.
Former U.S. House Speaker Newt Gingrich, who beat Romney in the South Carolina primary yesterday by 12 percentage points, spent much of last week faulting the former Massachusetts governor for refusing to disclose his returns. Romney said the tax-return issue had become a distraction.
“We just made a mistake in holding off as long as we did,” Romney said today. He said both the return and the estimate will be posted on the Internet a week before the Jan. 31 Florida primary.
Gingrich, on NBC’s “Meet the Press” today, commended Romney for promising to disclose his tax forms.
“If there are things in there that can be used against him, we better know it before the nomination,” Gingrich said. “The last thing Republicans want to do is nominate somebody who collapses in September. Beating Barack Obama has to be the No. 1 mission of the Republican party.”
Gingrich, who has worked as a health-care and housing policy consultant, released his 2010 returns on Jan. 19, before a televised presidential debate, becoming the first of the four remaining Republican contenders to do so. The returns showed he earned $3.1 million in 2010 and paid an effective federal tax rate of about 32 percent, about double the 15 percent rate Romney said he pays.
Romney made millions of dollars as co-founder of Boston private-equity firm Bain Capital LLC.
Senator Jim DeMint, a South Carolina Republican who hasn’t endorsed a candidate, said today on CNN’s “State of the Union,” that Romney was “hurt” in the primary by not being clear about what he was going to do with regard to taxes.
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