he thinks all these folks. he thinks these folks believe that they re entitled, that they ve become dependent. how could he be so profoundly wrong about america? how is that possible? now, what could possibly be more compelling than that to start the show? how about mitt romney s tax returns? late today, he finally released his 2011 tax returns. we ve been waiting for months for this promised return. so what did we learn? he made $13.7 million from investment income. he paid $1.9 million in federal taxes. which makes his effective tax rate 14.1%. that 14.1% is about half half what the average worker pays. yet another example of how this tax code is rigged for the wealthy.
groups. it s an issue front and center in this campaign. chris stirewalt, thank you, sir. megyn: we get a fox news alert on governor mitt romney and his wife ann releasing their 2011 tax returns. this has been a big issue. the obama campaign pressing the republican candidate to release more of his tax returns as a major accounting firm also releases information about romney s 20-year tax history. reporter: the romneys just filed their fox return with the irs. it will be posted 0 online within the hour. here what is we know from the trustee of the blind trust that handles all of mitt romney and ann romney s understand investment. they made 13.7 million mostly in investment income. on that they paid $2 million in taxes. for an effective tax rate of
ever known how do you know it s been a bad week for the republican presidential nominee? that s when willard mitt romney wants to change the subject to his tax returns. yes, you heard me right. that s how bad things have become for mr. romney. the meeting went something like this. someone on the campaign suggested bringing out a whiteboard on an airplane tarmac. that got shot down. they ve already done the veep rollout. too late, i guess, to do that again. a foreign trip? i don t think that s such a good idea. the entire foreign front has proved a complete and utter disaster. but then came the eureka moment. one hour ago, 3:00 p.m. on a friday afternoon to be exact, the campaign decided it would finally release the romneys full 2011 tax returns. mitt and ann paid $1.95 million in taxes on his 2011 investment income of $13.7 million. an effective rate of just over
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i m erin burnett. outfront tonight we have breaking news. a surge of the day. stocks just jumped to the moon. dow and s&p had their single best day for the entire year. the dow jumps 287 points. so you can say why, the sheer excitement. the ebulliance. have we suddenly solved all of our economic problems? have we stumbled upon a machine gun of silver bullets? have we found our terminator? not so fast, arnold. today we got shot up with rubber bullets. it was an arsenal of talk but no concrete action. in europe, the central bank chief said officials stand ready to act and there were reports of talks of a possible deal to bail out banks in countries in crisis like spain. that s a lot of talk. being ready to stand by is different than standing by. here at home, the fed said it may be ready to take further action to help spur the economy, extending unprecedented efforts to ease credit. now, that s still talk and not action. is this what we have come to, so desperate, hanging on to