Romney: I'm Not Too Rich to Relate
In an interview Monday with Mitt Romney, ABC New's Dianne Sawyer said what many of her viewers wanted to know was, 'Are you too rich to relate?" Was the ex-governor's answer on point, or a dodge?
In an interview Monday with Mitt Romney, ABC New's Dianne Sawyer said what many of her viewers wanted to know was, 'Are you too rich to relate?" Was the ex-governor's answer on point, or a dodge?
There are more than 400 delegates up for grabs across 10 states in the Super Tuesday GOP presidential primaries. While the votes are being tallied, we offer this outline of the business and money policy positions of frontrunners Mitt Romney and Rick Santorum:
We've profiled two wealthy benefactors behind GOP candidates for president: Sheldon Adelson, who bankrolls Newt Gingrich's super PAC, and Foster Friess, whose millions support Rick Santorum. Now we turn our focus to Frank L. VanderSloot, the billionaire backing Mitt Romney.
To run for president in this election cycle, it seems, you must have the backing of a super PAC, often heavily supported by a single super-wealthy benefactor. We've all learned lately about Newt Gingrich's billionaire sugar daddy Sheldon Adelson. Now it's time to meet Rick Santorum's No. 1 fan, Foster S. Friess.
Mitt Romney paid a lower tax rate on his $21.6 million income in 2010 than the average U.S. family. It's no secret how: He made his money from investments, not wages. But even people who favor low capital gains taxes might not approve if they understood more about a neat little income category he benefited from called "carried interest."
On Tuesday, Texas Governor and GOP presidential hopeful Rick Perry finally entered the tax debate with "Cut, Balance and Grow," a startling new flat tax plan that borrows freely from Herman Cain's 9-9-9 proposal. But would it help American workers, or slash, topple and shrink the U.S. economy?





