Top Democrats repeatedly attacked Mitt Romney on Sunday for his secretive offshore financial arrangements, on the heels of a major Vanity Fair story detailing the presumptive Republican presidential nominee’s Swiss bank account and various holdings in the Caribbean, reports The Huff Post.
Democratic National Committee Chairwoman Debbie Wasserman Schultz raised the question on “Fox News Sunday” as her interview time ran out.
“I’d really like to see Mitt Romney release more than one year of tax records, because there’s been disturbing reports recently that he’s got a Bermuda corporation, a secretive Bermuda corporation that no one knows anything about, investments in the Caymans, kind of Swiss bank account.”
“Americans need to ask themselves why does an American businessman need a Swiss bank account and secretive investments like that?” Schultz said, according to Reuters.
Maryland Gov. Martin O’Malley (D), appearing on ABC’s “This Week,” repeatedly castigated Romney over the issue.
“Mitt Romney bets against America,” O’Malley said. “He bet against America when he put his money in Swiss bank accounts and tax havens and shelters and also set up a secret company, the shell company in Bermuda, which, by the way, in order to avoid disclosure, he put in his wife’s name right before he became governor of Massachusetts.”
barack Obama campaign adviser Robert Gibbs, appearing on CNN’s “State of the Union,” called on Romney to release years of back tax records to allow scrutiny of his adherence to tax law.
Asked whether Romney had broken the law, Gibbs said, “Well, we don’t know.”
“The one thing he could do … to clear up whether or not he’s done anything illegal – whether he’s shielding his income from taxes in Bermuda or Switzerland – is to do what every other presidential candidate’s done, and that’s to release a series of years of their own tax returns,” Gibbs said.
“This is a guy whose slogan is: ‘Believe in America’ – and it should be ‘Business in Bermuda.’ That’s what Mitt Romney’s all about,” Gibbs said.
The Obama campaign also released an online video on Sunday raising questions about Romney’s offshore accounts.
“Mitt Romney could be the first president in history to stash millions offshore so the American people deserve an explanation as to why he chose to invest in other countries known as tax havens rather than the United States,” the campaign said in a statement.
However, the Romney’s campaign fought back.
“The Obama campaign’s latest unfounded character assault on Mitt Romney is unseemly and disgusting,” said Andrea Saul, a Romney campaign spokeswoman.
“Barack Obama has become what he once ran against – a typical politician willing to use false and dishonest attacks to save his job after failing to do his job,” Saul said.
“Mitt Romney had a successful career in the private sector, pays every dime of taxes he owes, has given generously to charitable organizations, and served numerous causes greater than himself,” said Saul.
At the same time, when asked about the Obama campaign trying to define Mitt Romney as an outsourcer of jobs in a new ad, Republican National Committee Chairman Reince Priebus responded: “The only job that we need to make sure we outsource in this country is Barack Obama’s job.”
Priebus said on Fox News Sunday that “Barack Obama hasn’t done anything in regard to what he promised he would do and making sure that we have a level playing field with China. He’s in the sand box with China every day. He hasn’t stood up to China”.