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Sidartha

Post subject: Too little, too late?

Posted: 01/22/12 2:45 pm • # 1

www.cnn.com/2012/01/22/politics/campaign-wrap/index.html

Romney to release tax return Tuesday

By Tom Cohen, CNN

updated 7:34 PM EST, Sun January 22, 2012

Washington (CNN) -- Republican presidential hopeful Mitt Romney said Sunday he will release his 2010 tax return and an estimate of his 2011 tax liability on Tuesday.

The comment, made in an interview on "Fox News Sunday," was a big change in Romney's plans for handling an issue that dogged his campaign last week, and followed Saturday's loss to former House Speaker Newt Gingrich in the South Carolina primary.

Last week, Romney told reporters he would release his tax returns in April and estimated his actual tax rate was close to 15% -- the amount charged for capital gains income -- because most of his income was from investments.

On Sunday, he acknowledged that strategy didn't work in response to reporters and rival candidates questioning when the former Massachusetts governor -- a multimillionaire -- would make public his tax details.

"I think we just made a mistake in holding off as long as we did. It was just a distraction," Romney said.

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jeannept

Post subject: Too little, too late?

Posted: 01/22/12 2:51 pm • # 2

Interesting, Sid.

I'm confused by all of this. Is the issue just him releasing the returns? Does it have nothing to do with what is on them? I thought the issue was how much tax he was paying on his fortune and what all made up his income each year. He already said what the tax rate is and where he gets most of his money. How will seeing returns make that any better?

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