fund managers. he said in general he would cut them. what is his tax position as you understand it? is it good for the republican party? i think he s going to have problems with it, because it sounds a little bit more like a liberal idea, which is, i m going to help those that don t pay very much pay less. i m going to make the people that work the hardest and employ pay more. i don t know if that s popular with the republican party. the crowd will clap for almost anything he says, including that tom brady is an honest guy and a winner so leave him alone. i never knew that was going to come out of this press conference. with donald trump, you have no clue what he is going to say. he was playing to the crowd. katrina, i wonder if you could respond to ben on that tax issue. is that a liberal idea as ben is saying? well, actually, no. i don t think so. i think cutting out loopholes really isn t a liberal idea.
republicans stand for everybody and that we do not believe in raising tax rates. that s important. that s part of who we are as republicans. i think if we give in just a little bit on that, we start to do we do start to lose our brand. that said, if it s done as part of something that really fixes the problem, i think we actually come out looking better in the end. robert costa, paint the picture for me as to what went on. you talked about the serenity prayer offered by speaker boehner. what are you referring to? so john boehner called a conference meeting to announce that this thing is not going forward, he s pulling it from the floor. as much as the congressman is right. inside the republican party there s a battle over taxes about taking a stand principally on their tax position. but the scene was utter chaos. i was in the capitol basement. so many came out shocked because john boehner, they thought he had the votes. i was personally whipping the vote on the floor wednesday.
actually greater and the amount they are willing to cut. it s different was not a serious proposal. reporter: boehner saying he stuck his neck out the day after the elect when he said he would put tax revenues on the table. he believes there is very little progress on the white house side in terms of spending cuts. so the boehner position is until the white house puts more spending cuts on the table he s not ready to kit a deal. the white house position is you have got to move forward on this tax position and we ll deal with spending cuts later. they don t believe those spending cuts will materialize if there is only one part to this deal. megyn: what s going on up there? reporter: i think they are putting a little ribbon trying to get in the holiday spirit. the president says he s keeping
are asking. whose side are you on? if they can hak a compelling case and it s an overwhelming case if they want to make it that they re on the side of the people and the big corporations have to serve the people instead of the reverse, they should landslide the republicans and keep the recover the house, keep the senate. and part of that is a law enforcement move to apply law enforcement cracking down on corporate crime that goes after wo worker safety, corporate crime that defrauds consumers that puts too many burdens on the taxpayer. the tax position of the democrats should be simple. tax what society likes the least, that is pollution, wall street speculation, corporate crime, before you tax work. in other words, for example, the slogan could be tax what they burn not what we earn. so it s wide open if the democrats want to stand with the people. that s what i m telling the democrats in the house as they dial for the same commercial
yp you juyou just heard to tax returns. mitt romney released histax returns 30 minutes ago. it s no surprise. mitt s a rich guy. here s a look at just how rich. he made more than $21 million in 2010. almost all of it came from incompetent vestments, not wages. he payed $3 million in taxes that year or 13.9%. christine romans is digging deeper into the 1040s. let s start with his offshore funds, christine. we had talked a little bit about that this week, and now we re actually seeing it in this, what is it, 200 something pages i ve got on the table. let me show you. i have it too. this is from 2010. willard m. and ann d. romney. they ve blocked out their social security numbers just in case you re wondering. so it s actually brad malt who handles all their blind trusts and their investments. he s on the phone talking to reporters. he s saying to call these overseas accounts is not right. these are funds. he s got all kinds of foreign stocks, american stocks, foreign bonds,