Gibbs to Romney: Come Clean with Tax Records

Sunday, 08 Jul 2012 12:54 PM

By Amy Woods

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Robert Gibbs, senior adviser to President Barack Obama, questioned whether Mitt Romney is complying with U.S. tax laws in regard to the Republican candidate’s holdings in other countries, specifically Bermuda.

Gibbs, appearing Sunday on CNN’s “State of the Union,” said Romney should release several years of tax records to prove his business dealings are legal.

“This is a guy whose slogan is ‘Believe in America,’ and it should be ‘Business in Bermuda,’” he said. “That’s what Mitt Romney’s all about.”

On the topic of the economy, Gibbs defended Obama’s record and said the president has shepherded more than two years of job growth.

“We’re not growing fast enough, and we’re not adding enough jobs,” he conceded. “We’ve made progress, but we’ve got a long way to go.”

Gibbs criticized the Republican Party and Romney for their “central plank” to extend the Bush-era tax cuts, from President George Bush’s two terms.

“We know what tax breaks and tax cuts for the wealthy and financial regulations off of Wall Street mean,” he said. “They mean economic calamity. They mean what we’re dealing with now.”

Obama is 100 percent committed to vetoing the tax-cut extensions, Gibbs told host Candy Crowley

“Most of his plans are secret, but the one thing he has fleshed out is to take the Bush tax cuts, which disproportionately impact millionaires and billionaires, and add to them,” he said of Romney’s budget. “I mean, Candy, do you think we’re a Bush-tax-cut-for-a-millionaire away from a flourishing economy? Or should we protect and keep taxes low for middle-class families and give them a chance?

“We should protect the tax cuts for the middle class, and we should let tax cuts for millionaires and billionaires expire,” Gibbs added.

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