Mitt's Not the Man His Father Was

Paul Krugman: Elder Romney released 12 years of tax returns

By Matt Cantor,  Newser Staff

Posted Jul 9, 2012 1:33 PM CDT

(Newser) – If only Mitt Romney had followed in his father's footsteps a little more closely. Sure, they both became wealthy businessmen—but while George's auto-industry success was a boon for American jobs, Mitt's work at Bain Capital appears to have left many workers struggling. Yes, both ran for president, but the elder Romney released 12 years of tax returns, while his son has so far released just one, writes Paul Krugman in the New York Times.

George paid 37% of his income in taxes over those 12 years. As for Mitt, "we’re still very much in the dark about his investments, some of which seem very mysterious" after a recent Vanity Fair piece, Krugman notes. "Has there ever before been a major presidential candidate who had a multimillion-dollar Swiss bank account, plus tens of millions invested in the Cayman Islands, famed as a tax haven?" Mitt's investments could all be perfectly fair, but we won't know until he releases more information. Until he does, it looks like he's got something to hide, and Democrats will continue to hound him. Click through for Krugman's full column.

In this June 19, 2012, file photo, Mitt Romney campaigns in Holland, Mich.
In this June 19, 2012, file photo, Mitt Romney campaigns in Holland, Mich.   (AP Photo/Evan Vucci, File)
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