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im wolf blitzer. youre in "the situation room." first its todays new round of attack in the presidential race campaign and the much winning battleground state of ohio this afternoon. president obama slammed the tax proposals, warninging theyll send thousands of u.s. jobs overs overs overseas. > the romney campaign is accusing them of another dishonest attack. why did the president level this new corporate tax attack on romney in ohio? >> reporter: well, wolf, the president is trying ...

I also believe much of the rhetoric surrounding the personal finances is nothing more than an attempt by democrats to distract from the real issues of the presidential campaign. but -- david why do you think romney is refusing to release more of the tax -- look what he did when being vetted for the vp potential nothings 08 with john mccain? >> right. he said in interviews that he dash you know, he doesnt want the obama -- team going through and picking through his tax returns for opposition rese...

fees charged to retailers when they accept your credit card payments. but that bill will allow retailers to pass on those additional fees to you, the customer if you use credit standards. meantime, sylvester stallones son sage has been found dead in his home. the part-time actor was in a couple of movies with his father, whos reportedly devastated by his sons death. foul play is not suspected, but an autopsy will be performed. connor boss made history today at the -- voss as a here...

>> he released, shira, a ton of informations to the mccain campaign in 08 when they were vetting him as a possible veep candidate. why not release the last four years of tax returns? i mean, you know what it leads people to believe? >> it leads people to believe the worst, al elf. it leads people to believe he is hiding something, whether or not he is. mitt romney is right, the obama campaign would like him to release his tax returns because it is more opposition research fodder for them to dig ...

in the united states and around the world. im wolf blitzer. youre in "the situation room." the race for president of the united states is getting more brutal by the day. we begin this hour with mitt romney responding to a firestorm of controversy, surrounding his taxes and his time at bain capital. and hes accusing the obama campaign of stooping to a new low. our national political correspondent jim acosta had a chance on friday to interview romney. it was an excellent interview. >> ...

Clearly now going to be the most negative, personal, character-eye tack oriented presidential campaign for an incumbent ever. this is really intense stuff. when you say that mitt romney is a liar or a felon that is pretty tough. megyn: a sense of unity. and it sort of goes back to what he ran on in 2008 -- well it was from his 2004 convention speech. he also ran on it in 08 talking about how we are not the red states, the blue states we are the united states of tpherbg. can he now after he has a...

Notice she says "my lifetime." >> could there be a hint? vice president rice. interesting. all right, and there are also questions this morning about what romney gave up control of his former company, bane capital. new documents place romney in charge 1999 to 2001, a period in which the firm outsourced jobs and ran companies that went bankrupt. romney said he had given up operational control at bane when most of the outsourcing occurred. also, vice president joe biden got a much warmer recepti...

Its self-defeating. >> they should wear uniforms made in america. >> you would think they would know better. >> a couple new york lawmakers also wrote to the olympic committee asking them to pledge in the future that they would be american made uniforms. now the ralph lauren company has not made a specific comment about this. they have said through talking to some of their officials that this is something that happens regularly. that athletic wear is often produced in china, other overseas compa...

Who would best handle the economy. the most recent abc news/"the washington post" poll that came out a few days ago that says his business experience is less of a reason to elect him rather than more. and so these bain ads are working to an effect. it is interesting that mitt romneys campaign in 08 and 2012 have not come up with an adequate response. they didnt in the primaries against attacks by newt gingrich and theyre not now coming up with an adequate response to the questions of why this is...

In play as well. >> and north carolina. virginia, though, is particularly important to them because its harder, much harder for romney to win if obama picks up virginia. when you look at the map and the different states that theyre trying to pick up, they think they look strong in ohio. florida seems like much more of a reach and that will go to romney. that just elevates the importance of virginia which is why you see him there today and tomorrow and have seen him there more than anywhere else....