In releasing details of his tax burden for the past two years, Mitt Romney offered a small window into a vast wealth. The tax records show that the former Massachusetts governor made $42.6 million over the past two years and because most of it came from capital gains, he paid $6.2 million in taxes.
That means that in 2010, his tax rate was 13.9 percent, and in 2011, it's expected to be 15.4 percent, lower than many Americans who pay taxes on wages.
Good morning. I'm Renee Montagne. At Disneyland and Disney World, everyone working there has a clean-cut image. It goes back to the 1950s, when Disneyland first opened and facial hair was banned. Even though Uncle Walt Disney had one, moustaches weren't even allowed until 2000. But starting next month, employees will finally be allowed to have beards, as long as they're kept short and trim, unless maybe you're one of the seven dwarves. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
Competitive eater Takeru Kobayashi is best known for eating hot dogs. He once ate 69 in 10 minutes. Now he's on to a different food. TV host Wendy Williams invited Kobayashi on her show to set the Guiness record for most Twinkies consumed in a minute. There was no previous record for Twinkie eating.
Given the nonstop, stereo-rock news cycle, the warp speed tempo of geopolitics and the constant to-and-fro between the media and the president, has the State of the Union address become obsolete?
Traditionally, the speech — an annual where-we-stand lecture delivered by the president to a joint session of Congress — has for decades been an opportunity for the professor in chief to issue a national report card and put current events in calm, codifiable context.
All right, so Romney has gone on the attack in Florida, and he'll also be answering a lot of questions today about those taxes that he is releasing. As we heard from Mara, it turns out over the last few years, the effective tax rate Romney has paid is just under 15 percent.
Now, Newt Gingrich has been pressing Romney to publicly disclose the documents. And the former House speaker released his own tax returns, to dramatic effect, during a debate last Thursday.
The hotly-contested Republican primary has gotten a lot of attention lately. Tuesday night, President Obama has a chance to reclaim the spotlight. He's delivering his annual State of the Union address. It's a high-profile platform for the president as he tries to frame the choice facing voters in November.
Roll out the red carpet. We'll soon know the movies with a shot at Oscar gold. Nominations for the Academy Awards will be announced this morning in Beverly Hills. Kim Masters has been watching the Oscar race as editor-at-large for the Hollywood Reporter, and she joined us from NPR West. Good morning.
As we've been reporting on the program this morning, Mitt Romney went on the attack at the GOP presidential debate in Florida last night. His target was rival Newt Gingrich, who was forced to defend his record as House speaker and later as a consultant to mortgage giant Freddie Mac. Gingrich denied charges of influence peddling that were leveled by Romney. And Gingrich said he was the type of bold, tough leader Washington needs.
You might remember, last summer, the U.S. women's soccer team caught the attention of the nation with its dramatic run to the final of the women's world cup in Germany. Well, this week, the team is playing in an all-important, Olympic-qualifying tournament in Vancouver. And Christine Brennan is there covering the event for USA Today.