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Place an additional 20% tax cut that would ultimately benefit the rich. how would a president romney pay for all of this? romney says he'll close loopholes but he hasn't offered any real specifics on that, either. according to an independent nonpartisan tax policy study, the lost revenues from romney's tax proposal would cost $4.8 "t," trillion, over ten years. the obama campaign has already come out with an ad hitting romney on his $5 trillion lie. i'm joined tonight by david k. johnston, pulitzer prize winning columnist and author of "the fine print: how big companies use plain english to ro...

Place an additional 20% tax cut that would ultimately benefit the rich. how would a president romney pay for all of this? romney says he'll close loopholes but he hasn't offered any real specifics on that, either. according to an independent nonpartisan tax policy study, the lost revenues from romney's tax proposal would cost $4.8 "t," trillion, over ten years. the obama campaign has already come out with an ad hitting romney on his $5 trillion lie. i'm joined tonight by david k. johnston, pulitzer prize winning columnist and author of "the fine print: how big companies use plain english to ro...

I'm joined tonight by david k. johnston, pulitzer prize winning columnist and author of "the fine print: how big companies use plain english to rob you blind." david k., glad to have you with us tonight. >> thank you, ed. >> after last night, do you have a better grip, a better idea of what romney's tax plan is all about? >> no, because he's never been clear about it. as you showed, he's, on the one hand, saying i'll cut everybody's rates 20% which works out over the next 10 years to about $5 trillion. and he says i'll maintain current rates. now, if he's going to not have a $5 trillion tax cu...

Mcgoverns campaign in '72. it's astonishing to see someone who holds himself out as a businessman, didn't have a plan for this campaign, didn't appeal to people. instead he's alienating those people. that combined with his gaffes about the middle east and london, has to make you wonder what kind of judgment the man has. and that's the only test we have. what's your judgment as president? >> if you look at all of these charts, which we have put out there and who he has insulted, let's look at it from romney campaign's position. we really didn't mean that, but he's got a lot of explaining to do ...

Presentation to the american people, how bad is his campaign? >> i think this is worse than mcgovern's campaign in '72, which was a disaster from the beginning. it's astonishing to see someone who holds himself out as a businessman, didn't have a plan for this campaign. didn't think through how to appeal to people so he could take those people that feel obama is a good guy and isn't doing a good job and draw them over to him. he's alienating these people. it's astonishing. that combined with his gaffes about the middle east and london makes you wonder what kind of judgment he has. that's the o...