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Can still deduct state and local taxes. you'll find all that out later after you elect me. i've never heard this kind of presidential on taxes by a candidate before, and i just can't quite imagine a politician thinking that could work. >> well, i mean, this is an inept campaign, obviously. but i don't know why mr. romney wants to talk about taxes because whenever he talks about taxes it just remind people of his own tax returns that we haven't seen. and lawrence, he paid what, 14%? 14.1% on massive amounts of money that he received. the average ohioan pays 20.1% compared to mitt romney's 14.1%...

Mortgage deduction, whether you can still deduct state and local taxes. you'll find all that out later after you elect me. i've never heard this kind of presidential on taxes by a candidate before, and i just can't quite imagine a politician thinking that could work. >> well, i mean, this is an inept campaign, obviously. but i don't know why mr. romney wants to talk about taxes because whenever he talks about taxes it just remind people of his own tax returns that we haven't seen. and lawrence, he paid what, 14%? 14.1% on massive amounts of money that he received. the average ohioan pays 20.1%...

Under assault by law makers from across the country, organized labor is fighting back. this year, it's giving politicians an ultimatum. sign what they're calling the second bill of rights or face the consequences in november. the pledge calls for better wages and protections for unionized workers. joining the panel now to talk about the future of labor is daniel katz, dean of the school of labor studies and dean of the school of professional studies at national labor college. also editor of "labor rising." great to have you on the program. we were just debating the made in america scandal engu...

Millionaires pay a 30% federal tax rate. fact or fiction? >> that's a fact. as millionaires defined by how much you make every year, actually it would kick in for people making a million dollar as year or more and the full 30% rate would apply to people making $2 million a year or more. that's the basics of the buffett rule. >> we're off the number one with the fact there. next, most american moyillionais do not pay as high a tax rate as other americans? >> that's a fiction. most of them do. most middle income people pay somewhere between 15 and 20%. effective tax rate. effective tax rate mean...

There's something else that's been very frustrating. i call it crony capitalism. that's the path he's taking. he got hundreds of millions of dollars from labor bosses for his campaign, and so he's paying them back in every way he knows how. one way, of course, was giving general motors and chrysler to the uaw. >> so there was mitt romney in michigan wednesday, still trying to explain his opposition to the government's bailout of the auto industry. and going on the attack against unions. mitt romney who says his focus is on the middle class may want to pay closer attention to unions and to a fe...