Video: Mitt Romney's Tax Return Question part of Romney’s tax woes spell brokered GOP convention

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Atlanta : GA : USA | 2 years ago
Hold onto your hats boys and girls. Just when you thought it was safe to lay bets on the outcome of the presidential race, President Obama comes out throwing 100 mph fastballs towards...
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Mitt Romney's Tax Return Question

Transcript by www.newsy.com BY CHRISTINA HARTMAN His critics say -- mad at the 1 percent? How 'bout the .001 percent? GOP frontrunner Mitt Romney's got a taxing dilemma To release or not to release his tax returns? It all started at Monday's Fox News debate. ROMNEY: "If that's been the tradition, I'm not opposed to doing that. Time will tell. ... I have nothing in them that suggests there's any problem and I'm happy to do so. I sort of feel like we are showing a lot of exposure at this point." On Tuesday -- that stuttered response got a little more specific when the former Massachusetts governor was asked about his effective tax rate. Here's the video from HLN: ROMNEY: "It's probably closer to the 15% rate than anything, because my -- the last ten years, I've -- my income comes overwhelming from investments made in the past rather than ordinary income..." 15 percent. How's that stack up? The Christian Science Monitor reports... "In 2010, Barack Obama paid ... an effective tax rate of 25 percent. ... Texas Gov. Rick Perry ... paid 23.4 percent..." Romney has not had a regular paycheck since 1999 -- like he said, he's been making most of his money from investments. That means he pays at a lower rate than most American wage earners. According to the Associated Press -- after all federal taxes, the average American household pays close to 20 percent on average. Now Romney's GOP opponents are moving in for the kill over Romney's 15 percent. PERRY: "This is a job interview. You <b>...</b>
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