Friday Lightning Round: Impact of Fast and Furious report
Panel sums up this week's hot topics
- Duration 4:05
- Date Sep 21, 2012
Panel sums up this week's hot topics
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This transcript is automatically generated
-- -- viewers vote for your shorts on line in this -- very lightning Friday lightning round in this week fast and furious report one with 48% of the votes back but the panel.
Okay impact of the IG report -- goes from here -- Heads roll to president's fingertips are not on -- -- your political impact.
I don't know if we go anywhere from here -- and.
Tell -- -- and then and that I think that that's what I've been saying for a long time somebody that wants to apologize to me it's kinda doing now.
-- is saying that basically the president is no evidence that the president knew about it no evidence attorney general knew about it -- -- stuck with a new report found and I think that.
You know -- -- -- -- the office has been making a lot of accusations are very founded and I'd be in this report doesn't do anything to support them trust.
-- who supported the issue is dead as a political issue.
And right around America are not.
I didn't leave anything politically of them might have been other areas -- might have yielded more political benefit for the Republicans.
Prepared that -- release his taxes today at least one year the 2011 taxes according to.
That release the effective tax rate was fourteen point 1%.
Four that year most it was investment income.
He and his wife donated four million yen.
Roughly a little bit more than four million dollars to charity in 2011 nearly 30%.
Of their income.
They also -- a letter from the blind trust saying that over the twenty year period the lowest annual effective federal personal tax rate.
There's thirteen point 66%.
That he paid and that brownie paid.
Average annual effective federal tax rate of twenty point 2% over twenty years ending in 209 now that's the attached letter not all of those years.
Impact importance Charles.
Well I think we didn't learn anything terribly new there is returned tracks would last year's return.
The same overall rate of return I think it shows again how incredibly generous.
The Romney's are a third of their income going to charity and I'm sure -- a personal spending days and every detail whether it's as a Middle East.
They will ignore I should say the president released his return April.
Gross income 700000.
Paid -- 162000.
About -- point five the rate and he donated 172020%.
Send us yet so today.
The press is obsessed with the fact that he paid more in taxes -- -- than he needed to the Romney campaign says that's because he wanted to honor what he had said that you you know he would pay at least 13% but in a debate he had said.
Anybody who pays more taxes and they shift that and they should have to -- shouldn't be president so -- sort of getting beaten over the head with that right now.
Yes that's as the Middle East.
-- they gave David the one thing they gave.
They only plan to deduction of 2.2 five million -- they gave to charity four million in order to keep that effective tax rate higher than the thirteen point six that we talked about.
But -- it's the kind of week Mitt Romney has been in Boston right and probably thrilled we're talking about this but I but I have to say nobody cares about this nobody ever had to care about it it was a -- to campaign handled it.
And so now twenty -- out there.
Look everybody knows that they pay a lower effective rate right now because he's living off investment income this is not a big deal and it won't change the race winner loser is -- Washington Nationals in the -- they're in the playoffs first time in DC team since 33.
And the loser political pollsters because nobody knows what to think at this point here's.
-- -- the media which as you reported earlier 60% of the country doesn't trust fund martian day.
And they've just completely dropped them off from games and non comment Middle East issue.
-- Romney because of the video when you're running mate has to call you inarticulate as a way to defend you you know you're in trouble.
OK welcome back Charles.
That is after the panel about the progress on -- nationals stay tuned to see --