This is starting to get good.
And apparently it's Obama's fault. :whyyou:The Obama campaign is challenging Mitt Romney to release more information about his taxes and time at Bain Capital in order to put to bed questions raised by SEC filings regarding his role at the company.
“If the SEC filings aren’t accurate, then prove it,” Obama deputy campaign manager Stephanie Cutter told reporters on Thursday. “If he wasn’t investing millions of dollars in shell corporations, tax havens, Swiss bank accounts overseas to gain a tax advantage, then prove it. Prove it by releasing your tax returns.”
Romney said he left any managerial role at Bain Capital behind in February 1999, delegating all voting shares of stock to 26 managing directors and leaving day-to-day operations to focus on running the Olympics. But subsequent SEC filings list him as “sole stockholder, chairman of the board, chief executive officer, and president.” A 2001 SEC filing first reported by TPM lists his “principal occupation” as “Managing Director of Bain Capital, Inc.” and the Boston Globe reviewed additional filings containing similar claims.
After getting caught flatfooted by attacks on outsourcing at Bain Capital, the Romney campaign is aggressively pushing back against reports questioning the candidate’s ties to the firm while he was running the Olympics.
The Romney campaign will demand a retraction from the Boston Globe Thursday for a report on numerous SEC filings from 1999 to 2001 that listed Romney as “sole stockholder, chairman of the board, chief executive officer, and president.” Romney has said he was CEO in name only, delegating all day-to-day operations to 26 managing directors at the firm from February 1999 on.
The Romney campaign previously — and unsuccessfully — demanded a similar retraction from the Washington Post after it published a story on Bain’s investments in companies that outsourced jobs.
Romney officials are also accusing the Obama campaign of overreaching with incendiary claims in trying to make their case that Romney should be held accountable for Bain’s investments. On Thursday, Romney’s campaign manager Matt Rhoades demanded an apology from the president for campaign aide Stephanie Cutter’s remark that Romney’s actions may be criminal. Cutter told reporters Thursday morning that Romney “was misrepresenting his position at Bain to the SEC, which is a felony, or he was misrepresenting his position at Bain to the American people.”