Mitt Romney has reversed plans to delay releasing his tax returns, announcing today that he will release 2010 tax returns on Tuesday. “We made a mistake in holding off as long as we did,” Romney told Chris Wallace during an appearance on “Fox News Sunday.”
The former Massachusetts governor defended his previous tactical plan to release his taxes in April if he became the nominee, acknowledging that the issue has become a distraction and may have contributed to his loss to Newt Gingrich in the South Carolina primary on Saturday.
“We’ll be putting our returns on the Internet. People can look through them,” he said, adding that his release will include an estimate of the taxes that he will pay in April for 2011.
“Given all the attention that's been focused on tax returns, given the distraction I think they became in these last couple of weeks, look I'm going to make it very clear to you right now Chris, I'm going to release my tax returns for 2010, which is the last returns that were completed,” Romney told Wallace. “I'll do them on Tuesday of this week. I'm also at the same time going to release an estimate for 2011 tax returns. So you'll have two years, people can take a good look at it.”
Romney insisted that his tax returns will include no grand revelations, and rejected attacks that surfaced last week over a Cayman Islands account.
That account was “apparently an investment that was made in an entity that invested in the United States,” he said. “The taxes paid in that were full U.S. taxes.”
Romney's decision comes after weeks of pressure from Gingrich and others.
Reacting to Romney’s concession on NBC's “Meet the Press” this morning, Gingrich said: “I think that's a very good thing he's doing and I commend him for it . . . As far as I'm concerned, that particular issue is now set to side.”
Also on “Fox News Sunday,” Romney indicated that he will attack the former House speaker' credentials in the coming days.
“I don't think that the people of this country are going to choose as the next president of the United States a person who spent 40 years in Washington as a congressman and a lobbyist,” he said.
Meanwhile, he cited his own background as governor of Massachusetts, in heading up the Salt Lake City Winter Olympics in 2002, and in running private-equity firm Bain Capital as making him the most qualified to defeat President Barack Obama.
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