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Friday Lightning Round: Impact of Fast and Furious report

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    Panel sums up this week's hot topics

  • Duration 4:05
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-- -- 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.

Burns which.

They will ignore I should say the president released his return April.

It's.

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 --

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