monster. we killed a lot of trees today, and did it reveal anything? and the re-election campaign of president obama starts tonight. we are counting down to the state of the union. the death toll continues the climb off of the cruise ship crash off of the coast of italy. we have video of the search and rescue of the divers. let s go there tonight, outfront. well, good evening, everyone, i m erin burnett and out front crunching the numbers in mitt romney s tax returns. here they are. we have flags in here, because i will admit that as we said, i m not sure that anybody has read all 500 pages here, but this is two years worth of mitt romney s tax returns released todayment the romney camp yeeling to the pressure on the campaign trail. here is the breakdown. the presidential candidate earned 42.7 million in the last two years. he paid 6.2 million in taxes. and an effective rate of just under 14%. now the reasons that romney made his money, pretty much all of it from inv
putting on the final touches of the state of the union address. and newt gingrich s stunning surge has made him a lightning rod for a new wave the criticism. can we keep up the momentum in florida? i m wolf blitzer. you re in the situation room. 6o. just a few hours from now, the president of the united states goes before congress and the american people to record on how the nation is doing. his state of the union address will certain by as important glimpse. . . will focus on job, income equality and taxes and a whole lot more. as mitt romney reveals his own mounta multimillion dollar cnn s jim acosta is covering the campaign for us. he s in florida. romney, he did well in that debate last night, everyone seems to agree. is he back on track? reporter: wolf, we ll find out. right know his campaigning in front of the a foreclosed home. you could say he s hitting the reset button today. he s a taking the president and his rivals, but he s finding out hitting the rese
money and have sort of well how much has it changed the dialogue of this race? i guess that is the question. reporter: huge, huge, jon, i mean it s a big game-changer events. the super packs are a new development. there were 12 super packs that spent $12.9 million through new year s day in iowa and other early states, and this is a different environment. the most money for one candidate went to mitt romney, $4.6 million, and many of those ads were attack ads against newt gingrich. but every candidate besides rick perry was out spent by a super pack that was backing that candidate. think about that dynamic. the candidate could stay positive while the super pack who supports that candidate could really go on the attack. jon: the numbers from our brain room i think the candidates and the super packs have spent $100 plus per vote tonight, or per expected vote, right? reporter: it s an amazing
packs have come in with a lot of money and have sort of well how much has it changed the dialogue of this race? i guess that is the question. reporter: huge, huge, jon, i mean it s a big game-changer events. the super packs are a new development. there were 12 super packs that spent $12.9 million through new year s day in iowa and other early states, and this is a different environment. the most money for one candidate went to mitt romney, $4.6 million, and many of those ads were attack ads against newt gingrich. but every candidate besides rick perry was out spent by a super pack that was backing that candidate. think about that dynamic. the candidate could stay positive while the super pack who supports that candidate could really go on the attack. jon: the numbers from our brain room i think the candidates and the super packs have spent $100 plus per vote tonight, or per expected vote, right?
scamming the american public and the regulators. i mean, it also is indictment on members of congress. they were part of this whole deal, and it was just a ponzi scheme that could not last. in scottsdale, arizona people were buying two and three houses, leaving them empty and flimflipping them a year or two later because it was so easy to get money to make money. greta: what i don t understand. i mean, everyone is appalled at these bonuses. 12.9 million dollars being divvied up among executives, everyone is upset. what i understand is if it had to go through layers, demarco, why wasn t he scandalized? did we mag to find the manage to find the few people in the united states who had the authority to do this? why didn t they think it was horrible? it s the mindset and the culture. this is the same outfits that gave hundreds of millions of dollars in bonuses that put us