Today Mitt Romney released his 2011 tax returns. They show that the Republican nominee earned more than $13.5 million — mostly from investments — and paid $1.9 million in taxes. He has his wife also gave generously to charities.
In addition, Romney also released a summary of his taxes going back to 1990. The summary reported that, during the period from 1990 to 2009, the Romneys paid taxes every year, with an average annual effective federal tax rate of 20.2 percent. Romney has now provided information about 23 years of tax returns, including releasing the tax returns themselves for 2010 and 2011.
Let’s not forget that the abominable Harry Reid claimed back in August that an anonymous source had told him that Mitt Romney had not paid taxes for 10 years. It was appalling that the Senate Majority Leader would rely on an unnamed source to launch such serious and slanderous accusations, which have now been shown to be false. Do you think there is any chance that Harry Reid will apologize to Mitt Romney for making such reckless and unfounded accusations? That’s what any decent person would do. Unfortunately, any person of character would never have made the unsupported accusations in the first place, so I wouldn’t bet on old Harry doing the decent thing. Instead, he’ll just endure another blow to whatever shreds of credibility he might still possess.
I hope Romney’s release of his tax returns takes that silly issue off the table, and lets the candidates and the American public focus on the big issues in the race — like who is better equipped to get our economy going, and how we can get people back to work and bring this unending recession to a long-overdue end.