Carville: Best day Romney's had all month
Mary Matalin and James Carville debate the timing of Mitt Romney's 2011 tax return release. Documents show the presidential candidate made $13.7 million last year and paid $1.94 million in federal income taxes, giving him an effective tax rate of 14.1%.
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Post by: Filed under: 2012 Election • James Carville • Mary Matalin • Mitt Romney • Taxes |
How voters perceive candidates' tax plans
John King, Jim Acosta and Dan Lothian discuss what Mitt Romney and President Obama are presenting to voters concerned about taxes.
Small business owner frustrated by taxes
Restaurant owner Ed Halabi says small businesses endure hardships that large corporations don't face. His story is part of AC360's series on election issues, "What Keeps You Up at Night?"
Comparing Ryan and Romney's tax returns
Paul Ryan released tax returns showing he paid a 16% rate in 2010 and a 20% rate in 2011. That's more than Mitt Romney who said yesterday that he never paid less than a 13% effective federal tax rate.
Republicans disagree over Romney taxes
Should Mitt Romney release more of his tax returns? That’s the question the Obama campaign pushed into the public discourse, but Republicans are also debating the issue.
The Romney campaign has repeatedly insisted it won’t give into the pressure, but that hasn’t stopped prominent Republicans from pushing the issue. Former RNC Chairman Michael Steele, Governor Rick Perry, and conservative political analyst William “Bill” Kristol are among those calling on the Romney camp to provide full disclosure.
Ari Fleischer, former George W. Bush White House Press Secretary, thinks the time for releasing more than two years of tax records has passed. “The American people are not there, they’re not focused on this issue,” insists Fleischer.
While conceding that the Obama campaign will surely nitpick Romney’s tax returns, Republican Strategist Ana Navarro thinks the Republican nominee should refocus the conversation on the economy and “take the band-aid off” by releasing more of his tax returns. Navaro added, “We’re not going to learn anything new, he is a wealthy man who has been very successful.”
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Post by: Filed under: 2012 Election • Ari Fleischer • Mitt Romney • Taxes |
Politics and Romney's offshore accounts
Anderson Cooper talks to Mary Matalin and Ali Velshi about the political dispute surrounding Romney's income and taxes.
Tonight on AC360: Tracking Mitt Romney's money
Democrats are criticizing Mitt Romney for having overseas investments, with money in a variety of countries including Switzerland, Bermuda and the Cayman islands. Anderson Cooper will speak with a tax shelter expert who has investigated Romney's holdings. Plus, Mary Matlin and Ali Velshi weigh in on the issue. Watch CNN at 8 and 10 p.m. ET.
KTH: GOP: Tax increases are economic poison
The tax cut extension is going to expire, causing renewed policy arguments between President Obama and lawmakers.
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Post by: Filed under: Keeping Them Honest • President Barack Obama • Taxes |
Obama's push to extend tax cuts for 98%
Obama's and Romney's views differ over extending the Bush-era tax cuts. Cornell Belcher and Bay Buchanan discuss.
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Post by: Filed under: Raw Politics • Taxes |
Video: Exclusive: Tax refund fraud revealed
Criminals across the country are raking in billions of dollars in tax refunds through a new and brazen form of fraud that takes advantage of the IRS's fast online returns, law enforcement officials say.
Using laptops and free Wi-Fi connections, criminals are stealing identities and using the names of legitimate taxpayers to file fraudulent online tax returns. They've raked in billions, buying luxury cars, expensive jewelry and plastic surgery, police said.
"It's like the federal government is putting crack cocaine in candy machines," said Detective Craig Catlin of the North Miami Beach, Florida, Police Department. "It's that easy."
First, thieves obtain Social Security numbers and other personal information from insiders at hospitals, doctor's offices, car dealerships or anywhere the information is stored. Then, they file an online tax return using the real taxpayer's name and a fictitious income. In most cases, the criminals buy a debit card so the IRS can issue the refund on that card, although some thieves have also gotten their returns on actual Treasury checks.
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Post by: Filed under: Crime & Punishment • Taxes |
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