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Report: Obama Camp Calls For Romney Tax Returns Report: Obama Camp Calls For Romney Tax Returns

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The Trail: 2012 Presidential News from the Field

Report: Obama Camp Calls For Romney Tax Returns

photo of Lara Seligman
March 30, 2012

President Obama’s re-election campaign is calling on Mitt Romney to release his tax returns dating back to the 1980s, according to The Wall Street Journal.

Following a front-page Wall Street Journal article Thursday reporting that employees at Bain Capital, Romney’s former private-equity firm, were allowed to invest their retirement money in companies the firm acquired through a special share class, the Obama camp is seeking Romney’s old tax returns to see if they contain information about the investment arrangement.

Reports indicate that the deal could have increased the value of certain investments, which may have helped swell Romney’s retirement account. The candidate’s IRA was valued at between $20.7 million and $101.6 million as of August, according to his financial disclosures.

 

“Today’s report raises additional questions about Gov. Romney’s manipulation of the tax laws,” Ben LaBolt, an Obama spokesman, told The Journal, adding that Romney “may have engaged in questionable maneuvers to drive up the value of his IRA.”

Romney released his 2010 and preliminary 2011 tax returns earlier this year.

The Romney campaign pushed back Friday with their own request in an e-mail to National Journal: that Obama release the transcripts of all his meetings with world leaders.

“The Obama campaign is playing politics, just as he’s doing in his conduct of foreign policy," Romney spokesperson Andrea Saul wrote. "Obama should release the notes and transcripts of all his meetings with world leaders so the American people can be satisfied that he’s not promising to sell out the country’s interests after the election is over.”

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