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Obama campaign offers deal for Romney to release taxes

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    WSJ's Paul Gigot weighs in on issue

  • Duration 2:47
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Now back to our top story a deal being offered to -- governor Mitt Romney.

If he releases his tax returns from the last five years president Obama's team says they promise not to criticize him for not releasing any more.

They offer coming in a public letter from mr.

Obama's campaign manager to his counterpart on team Romney.

Mr.

Romney has been under a lot of pressure to show how much he pays in taxes his campaign manager responding to the offer saying there will be ample time for President Obama.

To discuss the governor's tax returns over the next 81 days.

Let's talk about it with -- you go the editorial page editor of the Wall Street Journal and host of The Journal Editorial Report.

So when Mitt Romney says hey -- paid at least 13%.

In taxes on my returns.

Does that answer the question.

Now it it was a misstep for him to get into this thing in this is what the Obama campaign wants to talk about because they want to portray.

Romney has somebody who's rich and out of touch okay.

-- these cities not gonna repeat your release and more than two years of his tax return to just stuck with that and not said anything else.

So it was a mistake by by the governor.

Yesterday and and then you know then comes this letter saying -- you know mr.

Romney please.

Released five years and if you just give -- five years we won't ask -- anymore nor will we criticize -- and we won't talk about it the rest of the campaigns such a deal I mean I think that that's thoroughly -- -- that briar -- this is not a that that that the Romney campaign answered the right which is to basically ignore that and say we're gonna talk about the big.

The big issues because around -- campaign really doesn't want to talk about to receive the question is.

How important is this in the larger scheme of yet -- -- division does it matter to voters ultimately I don't think it's gonna matter that much of the dominates the discussion.

The for a long time it could but I think ultimately voters are gonna rise above that and say there's more serious issues I do think though that the Romney campaign -- of gotten rid of this issue.

Eighteen months ago wished they shouldn't allow the conversation to be on this subject now and that's the and that's a tactical mistake strategically probably won't be decisive.

One more quick question.

Big surprise a lot of people that Paul Ryan is the vice presidential pick you've known him for twenty years were you surprised.

I was surprised I didn't think that governor Romney would go this way because he was one of the riskier picks because of his budget and because of his.

Position on Medicare reform.

But -- -- watch this week is the it.

Romney campaign has gone on offense.

On Medicare going after the president's.

Medicare cuts and basically.

I think taken to debate to the Democrats and so far the Ryan -- looks like it's.

It's have been a good one for the long way to go but so far it's gone pretty well sort of -- -- -- -- from The Journal Editorial Report on the Wall Street Journal Paul thank you thank you.