Michigan Democratic Party: A Tale of Two Romneys

NYT columnist slams presumptive nominee for lack of transparency; MDP renews call for Romney to meet his father’s standard on releasing tax returns


LANSINGNew York Times columnist Paul Krugman took a look this morning at the approaches to transparency between presumptive Republican presidential nominee Mitt Romney and his father, former Michigan Governor George Romney. Krugman made this key point:

And there’s another contrast: George Romney was open and forthcoming about what he did with his wealth, but Mitt Romney has largely kept his finances secret. He did, grudgingly, release one year’s tax return plus an estimate for the next year, showing that he paid a startlingly low tax rate. But as the Vanity Fair report points out, we’re still very much in the dark about his investments, some of which seem very mysterious.

MDP chair Mark Brewer issued the following statement:

“Forty-four years ago, Michigan Governor George Romney set a strong and historic precedent for presidential candidates and released a dozen years’ worth of tax returns. At the time, he explained his decision as necessary for transparency, calling the release of a single year something ‘done for show.’ Today, Mitt Romney, presumptive Republican nominee and George Romney’s son, seems determined to undermine that historic legacy of transparency by becoming the first major candidate for President since his father’s era simply to refuse to make this simple disclosure. Given what we know about Governor Romney’s accounts in offshore tax havens, including Switzerland, Bermuda, and the Cayman Islands, this is simply an unacceptable level of secrecy, and betrays contempt for the American people and our right to know about the practices and priorities of those who seek to lead us. I again call on Governor Romney to meet the standard set by his father and release his income tax returns for the last 12 years.”

 

For the full Krugman column, click here.

 

Source:  Michigan Democratic Party


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