By Lara Seligman
Updated: March 30, 2012 | 10:24 a.m.
March 30, 2012 | 7:34 a.m.
President Obamas re-election campaign is calling on Mitt Romney to release his tax returns dating back to the 1980s, according to The Wall Street Journal.
Following a front-page Wall Street Journal article Thursday reporting that employees at Bain Capital, Romneys former private-equity firm, were allowed to invest their retirement money in companies the firm acquired through a special share class, the Obama camp is seeking Romneys old tax returns to see if they contain information about the investment arrangement.
Reports indicate that the deal could have increased the value of certain investments, which may have helped swell Romneys retirement account. The candidates IRA was valued at between $20.7 million and $101.6 million as of August, according to his financial disclosures.
Todays report raises additional questions about Gov. Romneys manipulation of the tax laws, Ben LaBolt, an Obama spokesman, told The Journal, adding that Romney may have engaged in questionable maneuvers to drive up the value of his IRA.
Romney released his 2010 and preliminary 2011 tax returns earlier this year.
The Romney campaign pushed back Friday with their own request in an e-mail to National Journal: that Obama release the transcripts of all his meetings with world leaders.
The Obama campaign is playing politics, just as hes doing in his conduct of foreign policy," Romney spokesperson Andrea Saul wrote. "Obama should release the notes and transcripts of all his meetings with world leaders so the American people can be satisfied that hes not promising to sell out the countrys interests after the election is over.
http://nationaljournal.com/2012-pre...mney-tax-returns-20120330?mrefid=election2012