Mitt Romney may have admitted that he paid at least 13 percent in income taxes over the past decade, but that is doing little to satisfy Democrats. President Obama's campaign manager is pushing Romney to release more of his tax returns, but Romney is not budging. Our Grace Rauh has the story.
UNITED STATES -- President Obama's campaign is making a promise to Republican rival Mitt Romney: Release five years of tax returns and the campaign will leave you alone.
“That will require Governor Romney to live up to a standard that's been met by every other major party presidential candidate since his father ran for president in 1968,” said White House Spokesman Josh Earnest.
Obama campaign manager Jim Messina fired off the request in a publicly released letter. He says Romney seems afraid that the more tax returns he offers the public, the more the Obama campaign will demand he provides. Messina says the request is not unreasonable.
It said, "It would also help answer outstanding questions raised by the one return he has released to date, such as the range in the effective rates paid, the foreign accounts maintained, the foreign investments made, and the types of tax shelters used."
Romney has released his 2010 tax return and he said he would to release last year's return as well. But he has drawn the line there.
“The fascination with taxes I paid, I find to be very small-minded, compared to the broad issues we face,” Romney said on Thursday.
Romney says he has paid at least 13 percent in income taxes over the last decade.
In response to the Obama team's letter, Romney's campaign manager wrote, "It is clear that President Obama wants nothing more than to talk about Governor Romney's tax returns instead of the issues that matter to voters."
Meanwhile, Romney's running mate hit the campaign trail in Virginia
“We will not duck the tough issues, we will lead,” Paul Ryan said.
The President released a new television ad, attacking Ryan's plan to reform Medicare by turning it into a voucher program.
“AARP says it would undermine Medicare and could lead to higher costs for seniors,” the ad states.
The Romney campaign says the ad got it wrong. They say that under the President's plan the program will go bankrupt in 12 years.