As one pundit said, " Either Mitt Romney will release his tax returns before he loses South Carolina or after he loses South Carolina."
Indeed, one day following the Romney campaign's meltdown in the South Carolina primary, the former Massachusetts governor announced this morning that he will release his tax returns for the last two years, acknowledging that the flap over his taxes hurt him in the most recent contest.
""We made a mistake holding off as long as we did, and it was just a distraction," said Romney.
Romney is considered to be one of the wealthiest U.S. presidential candidates in history, yet recently said that his tax rate hovered around 15 percent, lower than millions of Americans but in line with wealthy individuals who earn income from investments.
Romney said his returns would be posted on his website.