New Jersey Gov. Chris Christie said Wednesday that Mitt Romney should put out his tax returns �sooner rather than later� but added that the former Massachusetts governor has already started speaking about the tax rate he pays.
�I would say to Governor Romney is that if you have tax returns to put out, you know, you should put them out sooner rather, than later because it�s always better in my view to have complete disclosure, especially when you�re the front-runner,� said Christie on NBC�s �Today Show.�
However, Christie defended Romney, who he has endorsed, for his decision not to release his tax returns until April.
�The most relevant information is the most recent information. He�s going to release when he files in April. That�s going to be personally up to him. My practice has been all along is that I release my tax returns every year as soon as they are filed,� Christie said. �He already started to speak yesterday about the rate he pays.�
�He says he is going to release them [tax returns] in April. I hope he does,� he added on MSNBC�s �Morning Joe,� dismissing Romney�s 15 percent effective rate as �much ado about nothing.�
�I don�t think it comes as any great shock because the guy hasn�t been having a job where he�s been getting income over the last number of years,� he said.
One Response
If Romney is embarassed, he should be proposing something like Cain’s “999” – a flat tax replacing the current income and payroll taxes,which is all income is treated equally, would be a lot fairer, and use of a consumption tax that means that the more a rich person spends the more tax he pays. A person who derives all his income from investments pays about 15%, whereas a self-employed person earning the payroll tax maximum of roughly $100K is likely to be paying 43%.