Romney on releasing more tax returns: 'I'm not a business'

Mitt Romney stood by his decision not to release any more of his tax returns, saying he's "not a business."

"I’m not a business. We have a process in this country, which was established by law, which provides for the transparency, which candidates are required to meet," Romney said in an interview with Bloomberg Businessweek published Thursday. "I have met with that requirement with full financial disclosure of all my investments, but in addition have provided and will provide a full two years of tax returns."

Recently, Senate Majority Leader Harry Reid (D-Nev.) said a former investor in Bain Capital, the private equity firm Romney used to run, contacted the top Senate Democrat to say that Romney had not paid any taxes over a 10-year period.

Reid's story has sparked a standoff between Democrats and Republicans as top Democrats say Reid's anonymous investor is another reason for Romney to release more of his tax records. Romney, meanwhile, has called on Reid to reveal his source and said he has always paid his taxes. Top Republicans have called Reid a liar.

Romney, who has released only two years of returns, said the Obama campaign is pushing so hard on his tax returns in order to distract from the president's economic record. He said that the president "has a failed economic record and is trying to find any issue he can to deflect from the failure of his record."