Should all presidential candidates release their tax returns?

Technically, Mitt Romney doesn't have to make his IRS forms public. But plenty of voters are demanding to see them anyway

The debate surrounding Mitt Romney's tax returns is leading some critics to appeal for a mandatory release of candidates' IRS forms.
(Image credit: Joe Raedle/Getty Images)

Mitt Romney is facing mounting pressure to release his income tax returns, particularly after fumbling a question about his taxes during Thursday's GOP debate — the audience booed — while Newt Gingrich smugly pointed out that he'd already disclosed his own returns. The release of Romney's documents could cost him votes, largely due to anger over money held in offshore tax havens, the low tax rate he pays on his investments, and the sheer magnitude of his quarter-billion-dollar fortune. Romney says he'll make the forms public in April, but he's not sure how many years worth of returns he'll disclose. There's no law that says presidential candidates have to do this, although most (including Romney's father) have volunteered the information dating back to the Watergate era. Is this really something the public has the right to see?

No. This is pure voyeurism: Politicians should and do disclose their financial holdings, says Ed Morrissey at The Fiscal Times, so the public can make sure they "don't abuse their power to favor their own pocketbooks over the interests of taxpayers." But tax returns don't offer any protection against corruption — only "a voyeuristic peek into the private lives of candidates." Candidates should resist the prying and keep their IRS records private, because giving in fuels the "politics of envy."

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