Following reports today that the limited tax returns released by Mitt Romney this week have serious discrepancies with financial disclosure forms he filed as a presidential candidate, DNC Chair Debbie Wasserman Schultz released the following statement:
“When Mitt Romney decided earlier this week to release limited and insufficient tax returns – just his 2010 returns and estimates of his 2011 taxes – it raised serious questions about what he might be trying to hide from voters. Now, just days later, we have begun to learn the answer: Romney’s campaign failed to disclose embarrassing information that should have been made public as part of his personal financial statements required of all presidential candidates. We know this because there are glaring discrepancies between Romney’s 2010 tax return and his personal financial disclosures – those disclosures do not show the secret Swiss bank account that one of Romney’s advisors closed because he worried it might cause political problems. And there are 22 other funds – eleven of them located in notorious tax havens like Bermuda, Luxembourg and the Cayman Islands – which Romney failed to disclose.
“No one will soon forget that it was the very existence of Romney’s personal financial disclosure forms that he used as an excuse not to release his tax returns. That's because he claimed that everything there was to know about his assets was already known. Clearly, that was not the case. And of course it’s all the more curious that the omissions on Romney’s disclosure forms just happened to be those that would be the most embarrassing and could cause him the most political damage in a campaign.
“Now, if this is what we found from just one full year of returns from Mitt Romney, what else has he failed to disclose? We don’t know the answer to that, because Romney refuses to follow the precedent set by previous presidential candidates including his own father, who released 12 years of tax returns. But voters deserve to know the truth, and that is why I am calling on Mitt Romney to come clean by releasing his returns for multiple years and by immediately releasing those returns for every year he filed personal financial disclosure forms, as well as the years he was CEO of Bain Capital, since he's based his candidacy on his private sector experience. Voters deserve to see what else Mitt Romney has been trying to hide.”
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