Wasserman Schultz rejects comparison to Romney on releasing tax returnsby George Bennett | July 15th, 2012
Wasserman Schultz, a congresswoman from Broward County, has been accused of hypocrisy by many Republicans. But she defended her position before Saturday night’s Florida Democratic Party Jefferson-Jackson fundraising dinner at the Westin Diplomat Hotel.
Republican congressional candidate Karen Harrington has repeatedly challenged Wasserman Schultz to release her tax returns, but Wasserman Schultz said the annual financial disclosure forms she fills out are sufficient.
“I’m fully compliant as a member of Congress in filing the financial disclosure that the law requires. Mitt Romney is running for President,” she said.
Wasserman Schultz also dismissed conservative criticism of her own investments. The conservative Weekly Standard reported last week that Wasserman Schultz previously invested up to $15,000 in a 401k, the Davis Financial Fund, that included investments in Swiss banks, foreign drug companies and the state bank of India. According to her 2011 financial disclosure form, she invested in the Davis Fund for a total of eight days in 2010.
The conservative magazine said her 401k made it hypocritical for Wasserman Schultz to criticize Romney’s Swiss bank account and other foreign investments. She flatly rejected that idea.
“Mitt Romney has his own money invested directly in Swiss bank accounts, in accounts and investments in the Cayman Islands. He personally has a Bermuda corporation. Every American, I think, can identify with 401k investments in which mutual funds are invested. There is absolutely no comparison,” said Wasserman Schultz.