It seems to me that Mitt Romney is in a real Jam. As George Will so cogently put it, you have to assume that the cost of releasing the earlier tax returns was greater than Mitt’s perceived cost of not releasing them. I think his greatest fear, that for instance, if the returns show him paying an effective tax rate of 4.5% in some year or he has a list of 50 off shore partnerships in the Caribbean and 20 tax shelters; these might be hard to explain to the 99%. It might be so hard to explain that his “firm delegate count” begins to soften and the convention turns into the Tet Offensive, where there is no where to hide. So maybe he ends up saying he will release five years in September after he is nominated. Could he get away with that?
I doubt it.
I think he is going to have to bite the bullet and get them out soon, knowing full well the game may be up.