prosecute holder meantime the president is defending attorney general by invoking executive privilege stonewalling the documents. that means that mr. obama is now tied into mr. hoirltd s fate. then there is obama care. the factor has learned that administration has narrative anticipating the supreme court will rule the healthcare mandate unconstitutional next week. if that happens the president will become even weaker because obama care is his signature achievement. factor has also learned the re-election campaign believes the economy will not improve by election day and therefore, is targeting liberal americans to the president s cause by using personal, not policy arguments. all in all, about five months before the election, president obama is at his weakest point and things seem to be getting worse. and that s the memo. now for the top story tonight, reaction, joining us from
good evening. i m erin burnett, and outfront tonight, a burning question for mitt romney. today, he got an endorsement from donald trump, and he was all smiles, but another day has gone by without an answer to a crucial question. does he think he should pay more taxes. here are his returns from 2009 and estimated for 2009 and estimated for 2010 and 11. it turns out that 30% of mitt romney s income, $12.9 million, comes from one very specific thing, in these tax years, 2010 and 2011. it s called the carry. and here is how it works. partners in private equity and hedge funds invest money for their clients, and they get a significant cut of the profits they make. that cut, the carry, is taxed at 15%, not 35%, like regular income. now, many people think that it is right to reward people for investing money, for taking risks, with a lower tax rate. they argue this encouraged people to start businesses and create jobs. but almost no one says it s right to reward the guy who invests
from donald trump. he was all smiles, but another day has gone by without an answer to a crucial question. does mitt think we should pay more taxes? here are his returns. sorry, this is unwieldy. for 2009 and estimated for 2010 and 11. it turns out that 30% of mitt romney s income, $12.9 million comes from one very specific thing. in these tax years, 2010 and 2011. it s calling the carry. here s how it works. partners in private equity and hedge funds invest money for their clintss and clients and get a significant cut of the profits they make. this cut is taxed at 15%. not 35% like regular income. now, money people think it is right to reward people for investing money, for taking risks with a lower tax rate. they argue this encourages people to create jobs. but almost no one says it is right to award the guy what invests other people s money with a lower tax rate. after all, romney didn t take the risk. someone else did. we re knocked down with opm. it s legal and he didn
captions by vitac www.vitac.com good evening, everyone. outfront tonight, a burning question for mitt romney. today, he got an endorsement from donald trump. he was all smiles, but another day has gone by without an answer to a crucial question. does mitt think we should pay more taxes? here are his returns. sorry, this is unwieldy. for 2009 and estimated for 2010 and 11. it turns out that 30% of mitt romney s income, $12.9 million comes from one very specific thing. in these tax years, 2010 and 2011. it s calling the carry. here s how it works. partners in private equity and hedge funds invest money for their clintss and clients and get a significant cut of the profits they make. this cut is taxed at 15%. not 35% like regular income. now, money people think it is right to reward people for investing money, for taking risks with a lower tax rate. they argue this encourages people to create jobs. but almost no one says it is right to award the guy what invests other p
about anything spending related when it comes to that? here is why. there is so much at stake about the american economy. if we actually make the world fearful that we re going to stiff our creditors, revoke our full faith in credit we are going to do enormous economic damage. both sides have to put their economic argument holsters back in their pocket, their policy arguments back in their pocket and understand we have a responsibility to maintain america s reputation for paying our bills. jenna: congressman i m sorry to interrupt, i only have 45 seconds. this is crossing from the associated press that the president is saying that he thinks it s right that we don t vote on the debt ceiling unless it happens with some spending cuts. do you disagree with the president, that it needs to happen up and down without any spending cuts. i d caution the president about entering into conditional negotiations about meeting our obligations. is the debt ceiling something that should be a levera