charleston, south carolina. tonight, newt gingrich whose performance in tomorrow s primary election here will make or break his run at the presidency. no doubt, he s surging in the polls. you look that left right and center. the latest show him in striking distance of mitt romney. he s also ignited the fire storm, slamming the media of his ex-wife s accusation he wanted an open marriage. the destructive, vicious, negative nature of much of the news media makes it harder to govern the country, harder to attract decent people to runfor office, and rm i m appalled you would open a presidential debate with a topic like that. i caught up with newt gingrich today, about an hour and a half away from here, in a town called orangeburg, south carolina, to talk about the race, the issues, and yes, his private life. do you feel the momentum has changed for you over the past two days? i think it really began to change dramatically after monday night in myrtle beach. you could go b
a war. and the latest from a cruise ship that ran aground off the coast of italy. let s go outfront. good evening, everyone. i m erin burnett, and outfront tonight, we re live in charleston, south carolina. tonight, newt gingrich whose performance in tomorrow s primary election here will make or break his run at the presidency. no doubt, he s surging in the polls. you look that left right and center. the latest show him in striking distance of mitt romney. he s also ignited the fire storm, slamming the media of his ex-wife s accusation he wanted an open marriage. the destructive, vicious, negative media of much of the news media makes it harder to govern the country, harder to attract decent people to run forophilfor office, and rm i m appalled you would open a presidential debate with a topic like that. i caught up with newt gingrich today, about an hour and a half away from here, in a town called orangeburg, south carolina, to talk about the race, the issues, and ye
release your income tax so the people can see how you made your money. we know why releasing is so hard for mitt. rom nay pays a tax rate closer to 15%, and part of the reason why it s a loophole. not only legal, but pretty standard, but it doesn t feel fair and square. here s the bottom line. he was the founder and partner in bain capital. when you re a partner in a private equity firm, you get a cut of the profits you make. usually, 20%. now, stay with me because what happens here adds up to tens of billions of dollars in lost tax revenue for america. say my buddy, will, you ve probably heard me talk about him. works at cnn. say he invests $5 million in bain capital. and mitt romney, as he has done, does a really good job. he invests will s money well. so a year later, will s investment doubles in value to $10 million. ding, ding, ding, ding, ding. mitt s cut, $1 million. and that money is taxed at 15%. now, the reason this is unfair is that it wasn t mitt romney s money
happened in that tax return. let s go outfront. good evening. i m erin burnett, outfront tonight, mitt s taxes. now, romney is caving in to the mounting pressure. i think both president obama and hillary clinton released their taxes in 2008. just strikes me that governor romney ought to step and follow the same procedure. i don t know what my effective rate of tax is, but i m fairly confidence it s a lot higher than 15%. mitt, we need for you to release your income tax so the people can see how you made your money. we know why releasing is so hard for mitt. rom nay pays a tax rate closer to 15%, and part of the reason why it s a loophole. not only legal, but pretty standard, but it doesn t feel fair and square. here s the bottom line. he was the founder and partner in bain capital. when you re a partner in a private equity firm, you get a cut of the profits you make. usually, 20%. now, stay with me because what happens here adds up to tens of billions of dollars i