Tuesday, March 25, 2008

Obama Tax Returns / Where is Clinton's? I smell a rat!

Barack Obama just posted six years of income tax returns on his website -- his latest maneuver to pressure Hillary Clinton to release hers and hit his Democratic rival on the issue of transparency.

The most recent return, for 2006, shows that Obama and his wife Michelle reported wages of about $430,000, plus another $507,000 in business income, mostly from book sales. Their tax bill topped $277,000, and they received a refund of nearly $41,000. They also gave more than $60,000 to charity.

So far, Clinton has pledged to disclose hers at least three days before the Pennsylvania primary on April 22.

Obama's campaign said today that Clinton should release her full returns because she loaned her campaign $5 million in January and because of reports that former president Bill Clinton is about to pick up a $20 million payout from a holding company.

“Senator Clinton recently claimed that she’s ‘the most transparent figure in public life,’ yet she’s dragging her feet in releasing something as basic as her annual tax returns,” Obama communications director Robert Gibbs said in a statement. “Senator Clinton can’t claim to be vetted until she allows the public the opportunity to see her finances—particularly with respect to any investment in tax shelters.”