Romney needs to show tax returns

If Mitt Romney wants to be president of the United States, he needs to be open about his finances.
Democrats would find some reason to gripe about Romney even if his candidacy raised no legitimate questions. Politics are all about finding fault, and both parties do so with enthusiasm.
Indeed, voters are so bombarded by the attacks that they tend to ignore all of them. After a few dozen complaints about Romney using car elevators and strapping his dog on a station wagon, it’s tempting to stop listening.
Romney’s concealment of all but one tax return, however, is in a different category.
What little Americans know about the candidate’s income raises questions. In 2010, he made $20 million but paid a tax rate of only 15 percent. He has money in numerous offshore banks, including some that are popular havens for avoiding U.S. taxes. At least some of his income has come from investments in companies that specialized in moving U.S. jobs to foreign locations. He also has unspecified investments in China.
Complicating all this is the fact that much of Romney’s campaign focuses on tax policy, specifically on plans that would minimize the taxes on the highest earners.
Americans have no legal right to delve into Romney’s finances, but he has no legal right to serve as our president. The issue is one of trust. Romney wants voters’ trust. Withholding financial information is the wrong way to get it.


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Filed under Election 2012, Romney

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