Mitt Romney to release tax returns Tuesday

WASHINGTON Sun Jan 22, 2012 9:45am EST

Republican U.S. presidential candidate and former Massachusetts Governor Mitt Romney speaks at his South Carolina primary election night rally in Columbia, South Carolina, January 21, 2012. REUTERS/Brian Snyder

Republican U.S. presidential candidate and former Massachusetts Governor Mitt Romney speaks at his South Carolina primary election night rally in Columbia, South Carolina, January 21, 2012.

Credit: Reuters/Brian Snyder

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WASHINGTON (Reuters) - Mitt Romney said on Sunday he will release tax returns for the last two years this week and admitted the flap over his returns hurt him in South Carolina, where he lost a primary to Newt Gingrich.

"I will release my tax returns for 2010, which is the last returns which were completed, on Tuesday of this week," Romney said on Fox News Sunday. "And I will also release at the same time an estimate for 2011 tax returns."

"We made a mistake holding off as long as we did and it just was a distraction," the former Massachusetts governor added.

Gingrich won 40 percent of the vote in the South Carolina primary on Saturday, while Romney came in a distant second with 28 percent.

Romney, one of the wealthiest U.S. presidential candidates in history, emphasized he was releasing two years of returns after Gingrich posted his returns for only 2010 on Thursday.

Gingrich and other Republican rivals attacked Romney in debates last week, asking why the former private equity executive would not release his returns.

Romney had said he would release them in April and also paved the way for the disclosure by saying he paid a tax rate of around 15 percent, below many American wage earners, but in line with wealthy individuals who earn income from investments.

Romney said his returns will be posted on his website.

(Reporting By Mary Milliken; Editing by Philip Barbara)

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Comments (2)
theJoe wrote:
Republicans created this mess in America and kept it this way because people put Republicans back in 2010, if you put Republicans in 2012 KISS your America goodbye.
Soup lines everyplace that will be out of soup, Wake up America and put your predigest behind you, it will do you no good if you bite your nose off to spite your face. You lose big time with Republicans. I will say this, before the tea party we did have some Republicans that cared, no more and you will have no one to blame but yourselves or yourselves if you vote them in. ANYONE who thinks Obama caused our great recession is SO wrong and NO President was going to get America out of it in 4 years, we would be better off today had the people not put Republicans back in 2010, so put the blame on the people that took your Country way and that was Bush and the Republicans in office today, NOT Obama, the things he has done have been trying to help the people unlike Republican who only want to help the wealthy and take your Medicare and SS away to give more to the rich.

Jan 22, 2012 10:38am EST  --  Report as abuse
likeOWS wrote:
But what he won’t admit and does not want found out is how little if any taxes he pays on his enormous wealth,to the average working man who makes 35 to 50 thousand dollars a year and pays 8 to 11 thousand in taxes, for him to be that afraid to deliver his previous tax years for all to see, it will put him in the very bad light it should.
He is just like all the rest of the 1%, he wants it all and to pay nothing for living in the country we the 99% made and protect with our lives and our blood, mitt, you are a elitist jerk and have no bussiness leading this country, you are an ass of the greatest magnitude and need to go away and never come back, you make the rest of this country sick just by your presence and your republican lies, and as we all know, if a republicans lips are moving he or she is lying.

Jan 22, 2012 10:42am EST  --  Report as abuse
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