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Our hope is they will change with past practice and join with us to do what's right for the country. >> talk about a fair share. mitt romney 13.9%. fair share? >> we talked for a long time about a rate like that is a less than the. >> but legal? >> absolutely. the issue is whether people are going to pay their fair share. we talked about a principle called the buffet raoul that millionaires should not pay lower tax rate than middle class. >> that's wrong. if they are working hard and scraping to get by. higher rate. that doesn't make sense. hear more from the president tonight about exactly wh...

2010. almost that much in 2011 on which he paid 6.2 million in taxes over the two years. the romneys also have donated some $7 million to a range of charities, including the mormon church over that period. 16. a% of their income. most of his income is in capital gains which is tacked at the 15% rate. many favor that because it encourages investment and job creation. after reductions romney has made effective tax rate of 13.9% in 2010. 15.4% in 2011. though many critics say that allows him to pay less than ordinary americans. analysts say that's not accurate. >> cbo budget office says the avera...

Businesses to bring their jobs back? >> first of all, i wouldn't incentivize offshoring american jobs, i'll tell you, ed, i have had the opportunity to travel a little bit. and people do really like american goods. when i was in saudi arabia or turkey or other parts of the world. people like american made products, they're the best. people know you can get it cheaper in china, but can you get it better? you need to fix stuff every now and again. that's the first thing, the other thing, if you only go price on some of these country that is are paying people nothing and abusing their rights to d...

Would you be willing to give businesses to bring their jobs back? >> first of all, i wouldn't incentivize offshoring american jobs, i'll tell you, ed, i have had the opportunity to travel a little bit. and people do really like american goods. when i was in saudi arabia or turkey or other parts of the world. people like american made products, they're the best. people know you can get it cheaper in china, but can you get it better? you need to fix stuff every now and again. that's the first thing, the other thing, if you only go price on some of these country that is are paying people nothing ...

Secretary should pay more taxes than warren buffett? >> that does not represent the country. he doesn't represent the millionaires. he's a multibillionaire. >> you think people like mitt romney should pay 13.9% tax while the rest of us pay in the 30s, 30% to 35%? >> mitt romney should pay the amount of taxes proscribed under the tax code. >> -- and we are more respected in the middle east than ever. >> boris, should the tax code be amended then so other people pay more? >> we need a simpler, flatter tax code. no question about it. eliminate some of the loopholes. make it simple and flatter but...