Obama calls on Romney to release more tax returns

2012-08-21 38

President Obama called on Republican Mitt Romney to release his latest tax return.

SOUNDBITE: U.S. President Barack Obama saying:

"I don't think we are being mean by asking you to do what every other presidential candidate has done.?"

Romney has released his 2010 tax return but not his 2011 returns.

SOUNDBITE: U.S. President Barack Obama saying:

"The American people have assumed that if you want to be President of the United States that your life is an open book when it comes to things like your finances.

Campaigning with running mate Paul Ryan in New Hampshire, Romney fired back.

SOUNDBITE: Republican presidential candidate Mitt Romney saying:

"It seems that the first victim of an Obama campaign is the truth."

He said Democrats are focusing on his taxes because they don't want to address concerns about the economy. He also accused the White House of misrepresenting his party's tax plans.

SOUNDBITE: Republican presidential candidate Mitt Romney saying:

"We're not going to raise taxes that slows down growth and kills jobs. We're going to get this economy going and Mr. President stop saying something that is not the truth."

The Obama campaign has said that Romney's calls to cut taxes on capital gains would shift the burden to middle-income Americans.

President Obama says it isn't 'mean' to ask Republican rival to release more tax returns while Romney accused the White House of misrepresenting details about his party's plans.