Obama campaign renews call for Romney to release detailed tax returns

Washington -  The Obama campaign has renewed calls on Republican presidential nominee Mitt Romney to release more details about his tax returns.

According to ABC News, the Obama campaign said that Romney's complete disclosure of his tax returns was the only way out to resolve questions about his secretive offshore finances, which Democrats have been scrutinizing.

 "These issues are important, because voters can't make judgments about Mitt Romney's motivations on critical policy matters if this information is kept hidden," Deputy Obama campaign manager Stephanie Cutter said.

"If there's nothing to hide, why not clear it all up and release multiple years of returns like every candidate has done for decades, including Mitt Romney's own father?" he added.

In January, Romney had released copies of his 2010 tax return after immense public pressure from his GOP primary rivals and Democrats.

But he stopped short of releasing the 12 years worth of returns that his father did when running for president, and as President Obama has done.

Democrats allege that Romney's lack of transparency suggests that he has been "betting against America" through investments abroad and benefiting from special tax loopholes through a Swiss bank account, holdings in the Cayman Islands and ownership of a Bermuda corporation.

The Romney campaign has long insisted that the former governor and corporate buyout specialist has complied with all federal laws and financial regulations.
 
Romney's aides said the Democratic attacks amounted to a character assassination of the prospective Republican presidential nominee.