'This Week' Transcript: Debbie Wasserman Schultz and Reince Priebus

STEPHANOPOULOS: Mitt Romney also says in an interview this morning that he doesn't want any more intervention from the Federal Reserve between now and election day. Do you agree with that?

SCHULTZ: I'm sorry, I missed your --

STEPHANOPOULOS: Mitt Romney also said that he wants, in an interview out today, that he wants no more intervention for the Federal Reserve between now and the election day. Do you agree with that?

SCHULTZ: Well, I think that's up to the Federal Reserve. The Federal Reserve is an independent financial institution. It's important that we not dictate from the White House, or certainly from candidates for president of the United States, what the Federal Reserve should be doing. That's why they are an independent institution.

STEPHANOPOULOS: The Democratic Senate Leader, Harry Reid made a pretty explosive charge this week, he said Mitt Romney hasn't paid taxes in 10 years. Here he was on the Senate floor.


REID: The word is out that he hasn't paid any taxes for 10 years. Let him prove that he has paid taxes. Because he hasn't.


STEPHANOPOULOS: Now, you know, Senator Reid's only source there, according to him, is an anonymous Bain investor whose identity he won't reveal. Is it appropriate for the Democratic leader in the Senate to make a charge like that with no more evidence than an anonymous source?

SCHULTZ: George, I don't know who Harry Reid's source is, but I do know that Mitt Romney could clear this up--

STEPHANOPOULOS: That's the point, isn't it?

SCHULTZ: -- in 10 -- I do know that Mitt Romney could clear this up in 10 seconds by releasing the 23 years of tax returns that he gave to John McCain when he was being vetted for vice president. Or even 12 years of tax returns that his own father said were what was appropriate. Because one year of tax returns, like he's released, could just be for show. And let's not forget--

STEPHANOPOULOS: But it's one thing to say--

SCHULTZ: -- that a week ago, hold on a second, George, a week ago, Mitt Romney said in response to a reporter's question when asked if he had ever paid a rate below 13.9 percent, that he would check and get back to us. And you know, I'm glad I wasn't holding my breath waiting for Mitt Romney to get back to us on answering that question, because he still hasn't responded whether he's paid a lower tax rate.

STEPHANOPOULOS: He hasn't, but he has denied that he didn't pay taxes for 10 years. And I take your point that it would be right to show more tax returns. At the same time, I don't believe that you believe that it's OK to make a charge like that, 10 years of not paying taxes, with no evidence.

SCHULTZ: Like I said, I don't know whose Harry Reid's source was, but I do know that this is a question that has swirled around Mitt Romney for this entire campaign. I do know that he could clear it up just like that, lickety-split, by releasing his tax returns, which every major candidate for president of the United States has done except for Mitt Romney. I do know that there are massive questions about why he has a Swiss bank account, why he has investments in the Cayman Islands and a Bermuda corporation that he has transferred to his wife's name one day before he became governor of Massachusetts.

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