take a look at what they call the burn rate. this is the month of january what the president was bringing in and spending on staff, et cetera. he raised 11.9 million in january but spent $17.7 million. that s a burn rate of 158%. you go back to george w. bush january of his re-election year, he raised 12.9 million, spent 7.6 million. so his burn rate was only 60%. know, in fairness to the president, if you look at mitt romney and what he did in january, his burn rate was 289%. so he is spending money like crazy. but, of course, he has a contested primary. the president does not, shep. shepard: ed henry at the white house. thanks. tear gas, rubber bullets and water canons part of a violent protest. tops our news around the world in 80 seconds. chile. activists taking their battle for social reforms to the street in a southern port city. they are calling for better
in the campaign world. in january, the president s reelect team raised $11.9 million but spent $17.7 million for a burn rate of 158%. in january of his reelection year, president george w. bush raised $12.9 million and spent just $7.6 million. mitt romney a burn rate that was even worse, 289%. but he is in a contested primary and the president is not. next week all eyes will be on the new fund raising numbers that come out from the obama camp. we will have a look at what he had in february. election year politics may be rehind a lot of recent talk about a world figure no longer with us. chief intelligence correspondent catherine herridge tells us who that is and why we are hearing about him now. reporter: though osama bin laden has been dead for ten months the al-qaeda leader is making a comeback on the campaign trail. aside from the new 17 minute
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