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"The reality is Congress is going to act," U.S. Sen. Mitt Romney, R-Utah, said Wednesday. "We're coming for you, [NCAA]." Romney participated in a roundtable discussion with several other politicians, advocates and others involved in the sports world such as NFL Players Association attorney Joe Briggs and ESPN college basketball analyst Jay Bilas. Romney told ESPN he was committed to finding a better way to compensate college athletes.

Mitt Romney: Your country needs you. The 2012 Republican presidential nominee has been reluctant to announce a primary challenge to Sen. Orrin G. Hatch of Utah, the longest-serving Republican senator in history. But America needs Romney to step up, to restore dignity to the Senate -- and to save the country from the embarrassment Hatch has become. Hatch, long the picture of conservative rectitude, was once a conscientious legislator, even partnering with Ted Kennedy when he thought poor kids were getting a raw deal. But Hatch, the Senate president pro tempore, has undergone a grotesque transformation this year, his 84th...

President Obama's campaign, with a good dose of help from the media, is pushing a claim that millionaire Mitt Romney is taxed at a "lower rate" than someone making $50,000 a year. IRS data, though, shows that Romney's effective income tax rate -- that's what he pays as a percentage of his income once deductions and other benefits are factored in -- is actually far higher than what most Americans pay. Romney's rate in 2010 -- which was also about 14 percent -- was higher than what 97 percent of Americans pay.

The release of over two decades of Mitt Romney's tax information on Friday must have been so anticlimactic for Team Obama --- not only does it turn out that Romney contributed a boatload of money towards the federal coffers, but he's also an almost wildly generous and charitable individual to boot. After the monumentally huge deal Team O made out of the tax returns, with dodgy "secrecy" ads and unsubtle fat-cat jabs out the wazoo, they don't seem to be seizing on the information with quite the fervor you would've expected.Yes, Romney is hugely wealthy, and hey, maybe some of...

Romney release much additional tax info today and the highlights are these: *The Romneys paid almost two million in income tax this year (3 million last year) *They paid an average of 20.20% of their income to income tax over the last 20 years. * Last year they donated 30% of their income to charity – over 4 million dollars. * Over 20 years, the average share of their income that went to taxes and charity was over 38% of their income. Check out Obama and Bidens history of charitable donations. It was often way up there in the 1...

Bill Clinton: No president could have "magically" fixed economy in one term By Leigh Ann Caldwell Last Updated 10:12 a.m. ET (CBS News) Former President Bill Clinton offered a strong defense for President Obama's re-election Sunday morning, arguing that no president could have "fully healed" the economy in four years. "That's why we've got to keep working at it," Mr. Clinton said on "Face the Nation." The president's efforts, Mr. Clinton argued, have reversed the downward spiral of losing up to 800,000 jobs per month. "His jobs record is better" than the Bush administration's, he said, adding that no president...

Democrats say Mitt Romney manipulated his deductions to keep his overall 2011 federal income tax rate below a certain level for political purposes.... ... the Romney campaign released a letter from his accountants saying that in the 20 years prior to 2010 the Romneys paid an average annual effective rate of 20.2 percent, never lower than 13.66 percent. On average, middle-income families — those making from $50,000 to $75,000 a year — pay 12.8 percent of their income in federal taxes, according to Congress' Joint Committee on Taxation.

Democrats say Mitt Romney manipulated his deductions to keep his overall 2011 federal income tax rate below a certain level for political purposes. The Republican presidential nominee is certain to face new questions about his finances. Romney and his wife, Ann, donated roughly $4 million to charities last year, but they only claimed a deduction of $2.25 million on their tax return, filed with the Internal Revenue Service on Friday. Romney made $13.7 million last year and paid $1.94 million in federal income taxes, giving him an effective tax rate of 14.1 percent. That was a bit above the 13.9...

Republican presidential nominee Mitt Romney earned $13.69 million in 2011, mostly income from his investments, and paid $1.9 million in taxes for an effective tax rate of 14.1 percent, his campaign announced Friday. Following months of political pressure on him to reveal more information about his large personal fortune, Romney released his 2011 tax returns Friday afternoon, as well as a summary of his effective tax rates dating back to 1990. Romney earned $6.8 million from capital gains and another $3.6 million in interest, according to his tax return. None of his income came from wages, the primary source of...

Senate Majority Leader Harry Reid is no longer insinuating that Mitt Romney paid no federal taxes over the last 10 years. But he’s showing no contrition and continues to maul Romney for withholding tax returns from voters. “The information released today reveals that Mitt Romney manipulated one of the only two years of tax returns he’s seen fit to show the American people - and then only to ‘conform’ with his public statements,” Reid said in an official response to the release of Romney’s 2011 return, and a brief summary of his tax payments over the last 20 years. That...

Republican presidential nominee Mitt Romney was far more generous to charities than President Barack Obama or Vice President Joe Biden last year, both in dollar terms and as a percentage of income, tax return data Romney’s campaign released Friday indicate. Romney and his wife, Ann, gave 29.4 percent of their income to charity in 2011, donating $4,020,772 out of the $13,696,951 they took in. Obama and first lady Michelle Obama gave 21.8 percent of their income to charitable organizations last year, donating $172,130 out of the $789,674 they made. Biden and his wife, Jill, gave 1.5 percent of their income...

It's official: The Romney campaign possesses a wicked sense of humor and an enviable degree of patience.  After months of caterwauling, breathless innuendo and baseless slander, the Democrats and their media allies are being treated to a Friday feast of piping hot crow.  The Romney campaign has released a detailed report of the the candidate's 2011 tax returns, as well as an extensive summary of the Romneys' taxes over the last two decades, prepared by analysts at PricewaterhouseCoopers.  What do these documents contain?  Brad Malt, the Romney family's trustee, summarizes the 2011 data:   - In 2011, the Romneys paid...

FRANKLIN, Tenn. (AP) -- The Secret Service said Wednesday it is investigating the reported theft of copies of Republican presidential candidate Mitt Romney's federal tax records during a break-in at an accounting office in Franklin. Someone claiming responsibility demanded $1 million not to make them public.

Secret Service Investigating Purported Ransom of Mitt Romney’s Tax Returns Someone claims to have stolen years of Mitt Romney’s tax returns from a Tennessee office of the financial firm PricewaterhouseCoopers, and the Secret Service is investigating what appears to be a ransom scheme. The local Democratic and Republican parties in Williamson County, Tenn., where the PricewaterhouseCoopers office is located, both received packages, each containing a thumb drive and a letter outlining a competitive-bidding ransom scheme that appears designed to pit Republicans and Democrats against each other over the release of Romney’s taxes. The letters stated an intention to publish Romney’s...

PricewaterhouseCoopers told Whispers Wednesday that it has no evidence an anonymous group hacked its computer systems and stole GOP presidential candidate Mitt Romney's tax returns.

August 25, 2012 NY Times - Romney Has Been Paying Federal Taxes For Last Decade Tom McGuire Despite their "questions have been raised" headline about Romney's taxes, the NY Times provides an early answer to one obvious question raised by Senator and alleged pederast Harry Reid (my emphasis):But even though he has not released his returns from earlier years, the 2010 return sheds some light on those years. That’s because Mr. Romney paid income tax to foreign countries, and as result claimed in 2010 a $129,697 foreign tax credit, which he used to offset taxes he owed in the United...

VP candidate Ryan paid tax rate of 15.9 percent in 2010, returns showBy Daniel Strauss - 08/17/12 06:33 PM ET Paul Ryan and his wife paid a tax rate of 15.9 percent in 2010 and 20 percent in 2011, according to tax returns Mitt Romney's campaign released Friday. In 2011, the Ryans had an adjusted gross income of $323,416 and paid $64,764 in federal taxes. In 2010, Ryan and his wife had an income of $215,417 and paid $34,233 in federal taxes. Roughly more than half of that income came from Ryan's salary as a member of Congress. The rest...

WASHINGTON (AP) -- President Barack Obama's campaign offered Mitt Romney a deal: If he releases a total of five years of tax returns, Obama's team won't criticize him for not releasing any more. Romney's campaign quickly rejected the offer. Obama's campaign manager Jim Messina made the offer in a letter Friday to Romney campaign manager Matt Rhoades.

In a letter sent to Mitt Romney’s campaign manager, Matt Rhoades, this morning his counterpart on the Obama campaign, Jim Messina promised to let up on their criticism of Mr. Romney for not releasing more of his tax returns if he releases five years worth of returns. Mr. Messina said this offer should address any “fears” on Mr. Romney’s part that “that the more he offers, the more our campaign will demand that he provide.”

WASHINGTON (AP) — President Barack Obama is launching a new ad that questions whether rival Mitt Romney paid any income taxes in the past. The ad shows footage from a Romney interview with ABC News in which the Republican presidential candidate was asked if he had ever paid a lower tax rate than 13.9 percent. The narrator asks, “Did Romney pay 10 percent in taxes? Five percent? Zero?” The ad is slated to air in Virginia, North Carolina, Florida and Ohio during the coming week, the same states where Romney is taking a bus tour beginning Saturday. Obama allies like...