Senate Majority Leader Harry Reid claims in an interview with The Huffington Post that a former Bain investor told him that Mitt Romney didn’t pay taxes for 10 years.
“His poor father must be so embarrassed about his son,” Reid said, referring to George Romney’s standard-setting decision to turn over 12 years of tax returns when he ran for president in the late 1960s.
Democrats have pressed the former Massachusetts governor to release more than his 2010 tax return and 2011 estimate, which Sen. Reid insists that if revealed, would bar Romney from making it through a Senate confirmation process as a Cabinet nominee, writes The Blaze.
Reid said that about a month ago a person who had invested with Bain Capital called his office.
“Harry, he didn’t pay any taxes for 10 years,” the person told Reid, according to the interview.
“He didn’t pay taxes for 10 years! Now, do I know that that’s true? Well, I’m not certain,” Reid said. “But obviously he can’t release those tax returns. How would it look?
“You guys have said his wealth is $250 million,” Reid continues. “Not a chance in the world. It’s a lot more than that. I mean, you do pretty well if you don’t pay taxes for 10 years when you’re making millions and millions of dollars.”
It is obvious that neither Reid nor his office would reveal who the investor was, making it impossible to verify if the accusation is true. And as his quote makes clear, he’s uncertain if the information is accurate.
Mitt Romney has so far released his 2010 returns and an estimate for 2011. The presumptive GOP presidential candidate has said he always paid all of the taxes he was required by law to pay. But, according to Yahoo, he has said releasing more tax returns would likely not quiet critics.
Romney recently told ABC News that he couldn’t remember if there were years when he paid below the 13.9 percent tax rate that he paid in 2010. However, he said he was “happy to go back and look.” But his campaign declined to do just that.
Harry Reid has in the past urged Romney to release more of his tax returns, as the Obama campaign and other top Democrats have. But the interview marked the first time Reid has suggested that, per his informant, Romney had not paid taxes for a decade.
The Romney campaign’s press secretary, Andrea Saul, has previously denied rumors that Romney didn’t pay “any taxes at all.”
When asked to comment on Reid’s latest comments, Romney campaign adviser Kevin Madden said his candidate had “gone above and beyond the disclosure requirements by releasing two years of personal tax returns in addition to the hundreds of pages of personal financial disclosure documents he has provided to the FEC and made public.”
Madden said that it was “troubling and disappointing that Senator Reid would cite Governor Romney’s father, George, as part of a personal attack against the governor. We have many substantive disagreements with the senator and his policies, but using insults about a father-son relationship is a step too far.”