During the course of the Watergate investigation, Congressional staffers discovered that Nixon had a taping system installed in his office. They immediately asked for the tapes. Nixon refused. He said the tapes proved his innocence, but investigators would not be allowed to have them as a matter of principle. To release the tapes would compromise the powers of the Presidency.
Naturally, anyone with a lick of sense knew this was not credible. If you were accused of a crime and you had tapes that proved your innocence, you would run to the court with those tapes. Sure enough, when the Supreme Court finally ordered Nixon to turn over the tapes, they proved he began the coverup of the Watergate break-in the night it happened.
Romney says now that he is not releasing any more tax returns. He released one, and that is enough. The tax returns he won’t release show nothing illegal; it is simply a matter of principle that he refuses.
Naturally, anyone with a lick of sense knows this is not credible.
I frequently think what I would be able to do if I only paid 15% in taxes. Think about that 15% in taxes! We could pay off our student loans ($200,000), we could pay off our home ($170,000) or more importantly buy things to get the economy going.
ReplyDeleteMitt won't release those returns because of course he is hiding something and he doesn't want to bring up his effective tax rate.