Monday, August 20, 2012

Romney Tells Reid He's Paid 'A Lot of Taxes' Every Year - Businessweek

Mitt Romney said today that he has paid federal income taxes every year and suggestions otherwise from Senate Majority Leader Harry Reid are false.

“I have paid taxes every year, and a lot of taxes -- a lot of taxes,” the presumptive Republican presidential nominee said during a news conference in North Las Vegas, Nevada.

“So Harry is simply wrong and that’s why I’m so anxious for him to produce the names of the people who have put this forward,” Romney said. “I wouldn’t be at all surprised to hear the names are people from the White House or the Obama campaign.”

Reid, a Nevada Democrat, said in a speech yesterday that Romney hadn’t paid taxes for 10 years and should release previous years’ tax returns to prove otherwise.

Reid repeated the charges in a statement released by his office last night, accusing Romney of “hiding something.”

Romney challenged Reid to say where his information is coming from.

“Harry Reid really has to put up or shut up,” he said. “Harry, who are your sources?”

Romney has released one year of personal income tax returns, from 2010, showing that he paid an effective tax rate of 13.9 percent on investment income that year. He has promised to release his 2011 returns when accountants are finished with them, but has rejected calls by Democrats and some within his own party to disclose more of his tax returns.

Romney said Reid and other Democrats are making the allegation to “deflect the fact that jobs numbers are bad, that American are out of work and you are trying to throw anything up on the screen that will grab attention away from the fact that the policies of the White House haven’t worked to put Americans back to work.”

To contact the reporter on this story: John McCormick in North Las Vegas, Nevada at jmccormick16@bloomberg.net

To contact the editor responsible for this story: Jeanne Cummings at jcummings21@bloomberg.net

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