Mitt Romney is going after Republican presidential candidate Donald TrumpDonald TrumpOvernight Defense & National Security — The Pentagon's deadly mistake Overnight Energy & Environment — Presented by Climate Power — Interior returns BLM HQ to Washington France pulls ambassadors to US, Australia in protest of submarine deal MORE for not yet releasing his taxes.
"Frankly, I think we have a good reason to believe that there's a bombshell in Donald Trump's taxes," the 2012 GOP nominee told Fox News on Wednesday.
"I think there's something there. Either he's not anywhere near as wealthy as he says he is or he hasn't been paying the kind of taxes we would expect him to pay, or perhaps he hasn't been giving money to the vets or to the disabled like he's been telling us he's doing."
Romney said it's suspicious that every time Trump is asked about his taxes, he "dodges" and "delays."
He added that Trump likes to "tell people how well he's done" but has not yet let people look at his taxes.
"We're talking about taxes already filed, back taxes. And my back taxes, when I ran in 2012, my back taxes I put out in January of 2012," he said.
Trump shot back on Twitter, mocking Romney’s defeat in the 2012 election.
Mitt Romney,who totally blew an election that should have been won and whose tax returns made him look like a fool, is now playing tough guy— Donald J. Trump (@realDonaldTrump) February 24, 2016
Romney said he is sensitive to the tax issue because it affected his own run for the White House.
"They were all over me for my taxes, became a big issue, but I put my taxes out in January of 2012, and that gave people a chance to digest it and decide whether I was going to be the nominee or not," he said.
Senate Minority Leader Harry ReidHarry Mason ReidDemocrats say Biden must get more involved in budget fight Biden looks to climate to sell economic agenda Justice Breyer issues warning on remaking Supreme Court: 'What goes around comes around' MORE (D-Nev.) lobbed similar attacks at Romney during his 2012 campaign.
Reid insinuated that Romney wasn't releasing his tax returns because they showed him paying a very low effective tax rate.
Romney was criticized during his campaign for not releasing his pre-2010 tax returns. He ultimately gave two years of information and a summary of returns dating back to 1990.
Reid said last year he didn't regret the attacks and he did what he "felt" he had to.
Romney also criticized Trump's rivals Marco RubioMarco Antonio RubioMilley says calls to China were 'perfectly within the duties' of his job Overnight Defense & National Security — Milley becomes lightning rod Joint Chiefs Chairman Milley becomes lightning rod on right MORE and Ted CruzRafael (Ted) Edward CruzMore than 10,000 migrants await processing under bridge in Texas Senators slow Biden with holds at Pentagon, State The Hill's Morning Report - Presented by National Industries for the Blind - Schumer: Dem unity will happen eventually; Newsom prevails MORE for not releasing their taxes yet.
Romney said the candidates should get their taxes out in the public so voters can see whether there are any issues, noting they will give voters a sense of whether the candidates have been telling the truth about themselves.
"The voters have a right to see those tax returns before they decide who our nominee ought to be," he said.
"People have a right to know if there's a problem in those taxes before they decide who our nominee is going to be."
Updated at 6:23 p.m.