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Grassley on complaints about Romney taxes disclosure

Monday, September 24, 2012

Iowa Congressman Chuck Grassley, a senior member of the Finance Committee, has made a statement bristling at implications that the committee has failed to obtain tax returns from presidential candidate Gov. Mitt Romney.

The Senate Majority Leader said earlier, "As we know, he has refused to release his tax returns. If a person coming before this body wanted to be a Cabinet officer, he couldn't be if he had the same refusal Mitt Romney does about tax returns." That is a misconception, Grassley says.

Ordinarily, most most prospective cabinet officers do not need to disclose their tax returns. They are not required to disclose, but are asked to provide copies of their last three Federal tax returns. The committee is prohibited from making the forms public.

"Over the last few years, several high-flyers in the Obama administration have come up short when measured by their tax returns. Therefore, the vetting process utilized by the Finance Committee has received a lot of attention," Grassley said. "While the Majority Leader may want to speculate as to whether or not Governor Romney has paid his taxes, there are nominees and officials of the current administration we know did not completely satisfy their tax obligations."

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