At last night’s debate, Mitt Romney said he’d be happy to release his tax returns in April. But today he disclosed a crucial piece of information as the clamor grew for him to come out with his returns. The frontrunner to clinch the Republican nomination has a tax rate that “is probably closer to 15 percent than anything.”
That’s a low rate, but it is in line with what is paid by wealthy Americans who earn much of their income from capital gains, which are taxed at 15 percent. So, now the number is out and we will see how American voters (and wage earners) react.
Another interesting number from Romney today concerned speaker fees, which he says he collects “from time to time, but not very much.” Campaign financial disclosure forms indicate that Romney was paid more than $374,000 in speaker fees from February 2010 to February 2011. Not very much, if you are Mitt Romney.
The final numbers to discuss today come from our look into the PAC attacks. The pro-Romney Restore our Future is the champ PAC with $8.1 million spent in this campaign so far. Much of that went toward attacking Newt Gingrich. Restore our Future and other PACs have spent $7.8 million to try to sink him. Compare that to the $3.2 million spent by PACs against Romney. Watch those numbers change, or rather run up, this week in the final charge in South Carolina.
Here are our top stories from Washington…
Mitt Romney may not release tax returns until April
Republican Mitt Romney acknowledged Tuesday that his income tax rate is “probably closer to 15 percent than anything,” suggesting that one of the wealthiest people to ever run for U.S. president pays a much lower rate than most Americans. His comment, a day after Romney agreed for the first time to release his tax returns — but not until April when they are generally filed — added fuel to his Republican rivals’ calls for him to be more transparent about his finances.