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good evening. tonight, mitt s taxes. now, romney is caving in to the mounting pressure. fz. 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. he plays a tax rate closer to 15% and part of the reason why is a loophole. not only legal, but pretty standard, but it doesn t feel fair and square. 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. say he invests $5 million in bain capital. and mitt rom ....
rhetoric certainly is getting sharper. and there are seven major candidates now but after seven more days, will some of those candidates start falling by the wayside on the campaign trail? that s coming up in our strategy session this hour. i m wolf blitzer. you re in the situation room. we re here in dubuque. a bit chilly but no snow. it s getting ready, a week from today, the iowa caucuses. you re looking at live pictures from dubuque. this will be the first state to have an impact on the 2012 presidential campaign, and it s all happening here in iowa. the republican caucuses candidate are out on the campaign trail today. they re scrambling to cover as much ground as they possibly can. newt gingrich slipping a bit, but still among the leaders. he s ready to roll across the state by bus. he ll join me live here in dubuque later this hour for an in-depth interview, but let s begin with cnn s jim acosta, he s in des moines, the state capital. iowa certainly very much ....
full fledged congressional showdown with a tax hike for millions of americans hanging in the balance. i m wolf blitzer. you re in the situation room. this just coming in. our brand new poll numbers hitting pitting president obama against the republican candidate. the survey puts each toe to toe the president and even though the election is still almost 11 months away, the results still troubling for the gop. let s go inside the numbers with ron brownstein of the national journal. thanks very much for coming in. these numbers, hot, they re fresh right now. hypothetical match-ups between the president and the republican challengers out there. look at this. in a hypothetical match-up between president obama and mitt romney. right now, president obama would win 52 to 45%. margin of error, 3%, but he would still win national. those are some of the best numbers we have seen for president obama in any of the head to heads recently. seven points ahead of mitt romney, wide ....
congressional stalemate that could mean a bigger government bite out of your paycheck. i m wolf blitzer. i m wolf blitzer. you re in the situation room . captions by vitac www.vitac.com the lines have been redrawn in the battle for the republican presidential nomination and after months of focusing his fight on president obama, mitt romney is now going after the newest front-runner, the former house speaker, newt gingrich. romney s latest assault is the classic campaign tactic of using the candidate s own words against him. joe johns is joining us now. take us inside romney s latest attack on gingrich. now we know that mitt romney apparently is not going to sit around and wait for newt gingrich to make a mistake as some have been suggesting. romney s on the offensive right now, but as far as we can tell, the former speaker hasn t exactly launched any kind of counterattack. down in the polls with weeks left until iowa caucuses, mitt romney makes his move. direct ....
trump. he s always outspoken, and his old possible presidential ambitions. he still has some. i m wolf blitzer. you re in the situation room. let s get to breaking news. a chilling sense of da ja view. reports of shots fired, campus lock down, virginia tech university earlier this afternoon. it brings to mind the 2007 rampage by a student that left 33 people dead. today s incident was a shooting during the traffic stop by campus police. two people are are dead. brian todd is monitoring the developments for us. what is the very latest? as far as we know, a man hunt the still underway. officials say one of the people killed was a virginia tech police officer making a routine traffic stop in the parking lot of the sports complex. the second body has not been identified. they say the shooter fled on foot and a search is underway. the campus on lockdown. here is what one eyewitness told a local station. i was coming out of the gym and i was just walking to the sidewa ....