The Obama campaign, just brought a deal to the table. Republican Presidential candidate Mitt Romney deemed interest in his tax returns to be “small-minded,” even though a majority of people polled want to see the highly debated tax returns. The truce is conditional, asking for a total of 5 years worth of Mitt’s tax returns and in exchange, he pledges in a letter released to reporters, “I commit in turn that we will not criticize him for not releasing more – neither in ads nor in other public communications or commentary for the rest of the campaign,” Messina writes to Matt Rhodes, his counterpart on the Romney campaign.
LA Times reports:
“In the Governor’s case, a five year release would appropriately span all the years that he has been a candidate for President. It would also help answer outstanding questions raised by the one return he has released to date, such as the range in the effective rates paid, the foreign accounts maintained, the foreign investments made, and the types of tax shelters used,” Messina says.
The candidate’s wife Ann Romney stated that no more tax returns will be released in an interview on ABC’s Rock Center, saying, “But the more we release, the more we get attacked. So we have done what’s legally required and there’s going to be no more tax releases given.”
However, if taxes are to go up for the middle class and down for the wealthiest, transparency shouldn’t be an issue.