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    Is It Even 15%?

    A very interesting nugget down deep in this Reuters piece on Romney's taxes.

    Tax analysts say Romney may have good reason to be reluctant to release his returns.

    His vast fortune is invested in dozens of funds linked to Bain Capital LLC, the powerhouse private equity firm he co-founded and led for 15 years. Several Bain funds have offshore connections and take advantage of tax breaks used only by the U.S. financial elite.

    Read More →
    Josh Marshall

    Smoke Bomb on White House Grounds

    There are no reports of any injuries or anything close to injuries. But a smoke bomb of some sort was apparently thrown on to the White House grounds this evening, apparently during an Occupy protest outside the White House.

    The Secret Service is currently investigating. Jennifer Bendery, a reporter for Huffpo, tweets that White House reporters are being forced to wait at the White House while the Secret Service investigates.

    Late Update: From a White House press pool report of about 20 minutes ago ...

    Upon returning to the WH, members of the press corps are being prevented from leaving the grounds. USSS investigating an object that was allegedly thrown over the fence.

    Penn Ave is closed as well.

    Later Update: From another White House press pool report from 10:32 PM ...

    After holding in the briefing room for 45 minutes, a WH official escorted the press corps out of the WH grounds through the EEOB and out to an exit on 17th Street.

    Josh Marshall

    The Awesome Awfulness of Rick Perry

    Called on to defend calling the leaders of Turkey "Islamic terrorists", Rick Perry managed to accuse Wolf Blitzer of defending honor-killing.

    Rush transcript and video after the jump ...

    Read More →
    Josh Marshall

    Gotta Love These Guys

    The issue of Romney's tax returns has loomed large on cable news throughout the day. However, those relentless reporters at Fox & Friends had a pressing question of their own: "who even cares?"

    Thomas Lane

    Outreach

    Newt says he could support a Muslim for President as long as they "give up Shari'a."

    Josh Marshall

    The Big Money

    A funny little nugget buried in Romney's statement this morning on his tax returns. In passing, Romney said although most of his money came from investment income, a small amount came from speeches. "I get speakers fees from time to time but not very much." Well, it turns out that amount is over $374,000 last year. Which is a fair amount of money, though to give some perspective, not a wild amount of money compared to what other retired politicians make giving speeches.

    Read More →
    Josh Marshall

    Mitt Raising His Own Taxes?

    Mitt Romney says he won't raise anyone's taxes no matter what. But I'm starting to get the sense he might be raising his own taxes pretty quickly. Everybody noted in last night's debate that Romney seemed to cross the threshold on the tax return release question. He didn't promise he would but he said he "probably" would in April. To me, the key tell there was that he still didn't commit.

    But on the campaign trail this morning, he gave us, I think, a bit more sense of what's up.

    Here's what Romney said this morning ...

    Read More →
    Josh Marshall

    The 100 Seconds You've Been Waiting For

    TPM's Michael Lester truncated tonight's (boisterous) GOP debate into 100 seconds for your viewing pleasure.

    While you're in video-watching mode, check out the crowd going absolutely wild as Newt laid into Juan Williams. Newt was throwing out red meat like Nero to the lions. It was quite something to behold.

    Thomas Lane

    Newt on Fire

    Newt's really on fire tonight. Really not sure that it's going to matter much. But he's back into that mode of serving up perfect red meat for the Republican primary electorate.

    Josh Marshall

    SC Debate Live Blogging pt. 3

    9:37 PM: I'm curious to see how Romney does when actually challenged on the US auto industry.

    9:43 PM: "Time will tell." "Probably what I'll do." Those were Romney's key lines on taxes. You'll see a lot of follow ups trying to get him to nail that down to a real commitment.

    9:51 PM: Ron Paul: MLK is with me on the drug war and the wars abroad. So even with the newsletters that's still 2 out of three and that ain't bad.

    9:54 PM: Newt is raucous and shameless as usual. But this is the kind of performance that helped him rocket to the top of the polls.

    Josh Marshall

    Most Recent Latest news stories from TPM reporters

    TPMDC

    Top Democrat Says GOP Will Have To Budge Big Time in Payroll Tax Fight

    A key Democrat tasked with helping to negotiate a full-year extension of the payroll tax cut, unemployment benefits, and Medicare physician reimbursements says Republicans will have to move significantly off their December demands or all three will lapse. "We want to extend the middle class tax cut, we want to extend unemployment insurance, and we want to keep our promise to Medicare beneficiaries that we're going to pay for their doctors, so they can have access to their physicians," Rep. Henry Waxman ...
    TPM2012

    Jon Stewart, Colbert Definitely Not Coordinating On Super PAC

    Jon Stewart and Stephen Colbert are having a lot of fun "definitely not coordinating" with Stewart's newly inherited super PAC. After spending big to have Mario Batali feed him, Stewart wished he could just hear what Colbert wanted him to spend the money on next. Lo and behold, Colbert appeared on set -- but definitely not to coordinate. So with a cardboard television outline, Colbert said, "I am calling on the super PAC. I cannot coordinate with them. I cannot communicate directly. I am calling on them...
    TPM2012

    Today On The Trail: January 18, 2012

    Things are heating up in South Carolina. Here are the 10 things you need to know today. Quinnipiac has Obama beating Romney in Ohio and New Jersey: Quinnipiac will release two polls Wednesday. The first, of the GOP candidates in Ohio, shows Romney leading other GOP candidates in the state with 27% of the vote, but losing to President Obama 42% to 44%. The second poll, of New Jersey voters, has Romney leading the pack with 41% while a distant second place goes to Santorum with 15%. Obama still beatsRomney ...
    TPMDC

    With Recall In Motion, Democrats Consider Candidates To Challenge Walker

    Now that Wisconsin Democrats made their big move to trigger a recall election against Republican Gov. Scott Walker -- turning in over a million signatures against him on Tuesday -- the next step is now approaching, with potential Democratic challengers starting to make their way out into the open. The recall drive started last year, in reaction to Walker's very far reaching anti-public employee union legislation, stripping public employee unions of most collective bargaining rights. This triggered waves ...
    TPM2012

    The New Swing States: Why The Redrawn Political Battle Lines Aren't Receding

    When it comes to swing states it's always been Ohio, Ohio, Ohio. Now it might be Virginia, North Carolina....and maybe Ohio. In 2008, when then Senator Obama took states no Democratic candidate had come close to winning in decades, there was necessarily some skepticism he could repeat the feat in 2012. Sure, he'd made gains in the south and west. But given the awful current economic circumstances, it stands to reason that the newest states on the redrawn political map would be the first to go -- and...
    Muckraker

    Cummings Accuses Issa Of Protecting Republicans Caught In Countrywide VIP Loan Program

    Back in early 2011, House Oversight Committee Chairman Darrell Issa (R-CA) issued his first subpoena for information about members of Congress who received sweetheart mortgage deals under the Countrywide VIP program called "Friends of Angelo." By doing so he abandoned the historical practice of referring matters involving members of Congress directly to the House Ethics Committee, an approach he previously criticized, and instead made it clear he wanted his committee to probe the members' files.
    TPMDC

    House GOP's First Priority: A Meaningless Rebuke Of Obama!

    For their first legislative act of 2012, House Republicans plan on delivering a symbolic rebuke to President Obama on Wednesday for raising the federal debt limit, which the August 2 law permits them to do. The GOP resolution is expected to pass the chamber, but no matter the outcome, it won't threaten the ability of the U.S. government to meet its obligations either at home or abroad. After a grueling battle last summer, Congress passed with strong bipartisan support a three-stage increase in the...
    TPMDC

    Why A President Romney Would Find It Hard To Repeal 'Obamacare'

    Should he win the nomination and the presidency, then on inauguration day in 2013, after all the pageantry has subsided, Mitt Romney will face a key test: does he take aggressive action to roll back Obamacare as he and every other GOP contender has promised? Or will he accede to pragmatic realities and seek detente with Democrats on the issue that has most divided the parties over the past three years? The amount of money, strategizing, myth-making, and political capital that Republicans have already...
    TPMDC

    Key Reform Ally Dishes On 'Weak-Kneed' White House Health Care Push

    In an encyclopedic new book that sheds fresh light on the defining fight of President Obama's first term, one of the administration's key health care reform allies recalls a thin-skinned, "weak-kneed" White House, strategically unwilling and temperamentally unable to face criticism from progressive reformers, whose toughest tactics were reserved for its natural allies. Many of the revelations will be unsurprising to those who followed the year-long fight over health care reform closely. But they serve...
    IdeaLab

    SOPA/PIPA Supporters Blast 'Blackout Day'

    Supporters of the dual dose of anti-piracy legislation working its way through Congress are speaking up, blasting the mass online protests that opponents have planned for Wednesday as ignorant and misguided. Those protests -- planned by such popular websites including Google, Wikipedia and Reddit -- are set to begin at midnight on Tuesday, and will involve many of the participating homepages going dark for a full day. They will instead direct U.S. users to call their representatives and voice complaints ...
    IdeaLab

    SOPA Hearings Resume In February

    Here we go again. The U.S. House of Representatives will resume a contentious markup hearing on the Stop Online Piracy Act (SOPA) in February, according to an announcement posted online late Tuesday by the bill's sponsor, Rep. Lamar Smith (R-TX). As Smith wrote: "Due to the Republican and Democratic retreats taking place over the next two weeks, markup of the Stop Online Piracy Act is expected to resume in February. "I am committed to continuing to work with my colleagues in the House and Senate to ...
    Muckraker

    DOJ: Arpaio's Actions Suggest He's Trying To Delay Discrimination Case

    Updated: January 17, 2012, 8:37 PM A top Justice Department official says that Sheriff Joe Arpaio's actions "cast considerable doubt" on the claim that he and his office are cooperating following accusations that they use discriminatory policing methods. Indeed, the actions of Arpaio's Maricopa County Sheriff's Office suggest their "true goal is further delay," the official wrote. Assistant Attorney General Thomas Perez, who heads DOJ's Civil Rights Division, also chastised Arpaio for claiming that...
    TPM2012

    Romney's Delicate Balancing Act With Controversial Immigration Law Author

    Just how closely do you hug a controversial supporter? Especially a supporter who could be of a lot more help now than in the general election? It seems this is a problem Mitt Romney has been pondering ever since he was embraced by the Kansas Secretary of State, Kris Kobach. Kobach is perhaps best known as the lead architect of the divisive new immigration laws in Arizona and Alabama. This leaves Romney in a delicate situation: hugging him back now could help wrap up the GOP primary especially since...
    TPM2012

    Day In 100 Seconds: What's Happened To This Country?

    Last night's debate debate was a special occasion. A cable TV display reminiscent of a Roman Colosseum, where a raucous crowd subjected the contestants to their casual whims and heartily cheered or booed in equally unsettling fashion. This tidal wave of anger is showing no signs of slowing and now talk of bloodying or knocking out the President is casual conversation between candidates and voters. But this is great news for cable networks, who can have their cake and eat it too, by airing the...
    TPM2012

    Newt Explains His Criteria For A Muslim President: Reject Sharia (VIDEO)

    Newt Gingrich, in the midst of a headlong dash to the right in at attempt to unify the conservative vote behind him in advance of Saturday's South Carolina primary, took a page from the Herman Cain playbook in South Carolina Tuesday, laying out his conditions for supporting a hypothetical Muslim candidate for president. Muslims who want to run for the nation's highest office and get Gingrich's support had better prove they're not a "mortal threat" to the United States by publicly rejecting sharia, the...
    TPM2012

    Fox & Friends: Who Cares About Romney's Tax Returns?

    With all the recent debate surrounding income equality, tax rates and whether the wealthy are paying their "fair share", Mitt Romney has some under pressure to release his tax returns. In the debate last night, this pressure was ramped up from members of his own party. Eager to get to the bottom of the issue with some keen insight, TPM tuned in to Fox & Friends this morning and found that the question itself isn't even worth asking.
    IdeaLab

    Google Joins Mass Online Protest Against SOPA/PIPA

    Google on Tuesday announced it would make an unprecedented change to its homepage for American users on Wednesday, January 18, in protest of the Stop Online Piracy Act (SOPA) and the PROTECT IP Act (PIPA), the two pieces of anti-online piracy legislation being considered by Congress that have been criticized by Web companies and tech writers for their potential to break the Internet. "Like many businesses, entrepreneurs and web users, we oppose these bills because there are smart, targeted ways to shut...
    TPMDC

    Wis Dems Make It Official: One Million Signatures Collected To Recall Walker

    Updated January 17, 4:45 p.m. ET Wisconsin Democrats announced Tuesday that they have collected over a million signatures to recall Republican Gov. Scott Walker -- nearly twice the 540,208 signatures, or 25 percent of the total votes in the previous election for governor, needed to trigger a new election. The petitions are being submitted today to the state Government Accountability Board, which oversees elections. This will in turn set off a lengthy review process by state officials, before an...
    Muckraker

    End Of Days? Rick Santorum Agrees With The ACLU

    Senate Republicans who agree with former Sen. Rick Santorum -- that disenfranchising felons had an unfair disparate impact on African-American communities -- have an opportunity to take a stand by backing a bill introduced by Sen. Ben Cardin (D-MD) back in December. The Democracy Restoration Act would create a uniform standard for voting in federal elections and replace the patchwork of state laws currently on the books. It's backed by the American Civil Liberties Union. Rep. John Conyers (D-MI)...

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