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    Gingrich Releases Tax Returns As Debate Begins

    Did Newt Gingrich release his tax returns right at the start of the CNN debate on Thursday to embarrass Mitt Romney, who hasn’t released his, or to divert attention away from the $3 million-plus he earned in 2010? Either way, he was able to say during the debate that his returns were out.

    The former House speaker revealed about $3.1 million earned in income during 2010 alone. Much of that money, the documents indicated, was made by an array of companies Gingrich founded after leaving Congress more than a decade ago.

    (RELATED:Candidates Who Didn't Release Their Tax Returns-- PICTURES)

    Despite releasing his tax returns, it was clear he wasn’t eager for them to draw much attention in doing so just as the debate began. It’s a tactical move that makes some sense as the White House contender courts many of the state’s blue-collar voters, some of whom might be alienated by a millionaire candidate.

    Gingrich’s decision comes amid a push from critics, Republican and Democratic alike, that Romney should release his own records. The former Massachusetts governor again indicated he planned to release his tax documents later this year, but already sparked a firestorm of criticism after saying earlier this week he paid an effective 15 percent rate -- lower than many middle-income families -- on much of the money he’s earned.

    The ex-Georgia congressman has said he paid an effective rate of 31 percent.

    Gingrich’s tax returns show he made roughly $2.5 million from a company called “Gingrich Holdings,” which includes the vast empire of companies he built over the last decade. The groups includes, among other things, a film company and one that handles his speaking engagements.

     
    • Ron  •  Brazoria, Texas  •  4 mths ago
      What amazes me is that the politicians are exempt from insider trading laws.They receive insider tradeing information every day and pass laws to protect their investments.That is whay they are all multi millionaires.Yet they put martha stewart in jail for insider trading of 10,000 dollars when they make millions every year doing the same thing. When they move money out of the market it decreases your retirement fund value. So in other words they are leagally stealing from the middle class.
      • Matt D 4 mths ago
        I agree. i'm still not sur how Dodd and Frank aren't in prison...
      • JohnnyReb 4 mths ago
        We need real laws and people to enforce them, why do you think they are so afraid of Ron Paul?
      • sheep dog 4 mths ago
        Guess who was number 3 on the list of making the most from Freddie and Fannie before they went belly up? Obama when he was a Senator.
    • sfb5761  •  Las Vegas, Nevada  •  4 mths ago
      Oh, for crying out loud -- they're ALL millionaire candidates, or they wouldn't be running.
      • shawnk 4 mths ago
        Yes but Romney is a $200millionaire....
    • seadog  •  San Luis Obispo, California  •  4 mths ago
      Why do Americans choose from just two people to run for president and 50 for Miss America?
      • Tom Stevens 4 mths ago
        I'd rather be voting for Miss America!!!
      • Guy 4 mths ago
        if your have three, four or more parties to vote for you will find that our leaders are winning election with 30, 25 or less percent of the vote. that doesn' represent the majority...
      • Jason 4 mths ago
        its because it doesnt take Millions and millions to run for miss america
    • Richard  •  Los Angeles, California  •  4 mths ago
      A candidate's income tax should be made public once you run for any government position.
      • Jtb 4 mths ago
        kind of like their birth certificate? Hah!
      • simplywine 4 mths ago
        and their education records?
      • Jack, the dog 4 mths ago
        As someone said before, "Anyone smart enough to be president, wouldn't want the job".
    • A Yahoo! User  •  Phoenix, Arizona  •  4 mths ago
      Our country is the largest exporter of gasoline, but here we all are paying nearly $3.50 per gallon. I live in Mesa, Arizona and the cheapest I have seen is $3.35 still way too much. What the hell is wrong with this picture?
      • Matt D 4 mths ago
        Taxes baby, taxes.
      • farnsworth 4 mths ago
        private investers own & sell to the highest bidders. Our goverment has nothing to
        do with it.
      • Mimi 4 mths ago
        Overseas gasoline is much more expense than we have here
    • Richard  •  Lewisville, Arkansas  •  4 mths ago
      The IRS will look closer at your tax return than theirs
    • Brenden  •  Hartford, Connecticut  •  4 mths ago
      There is no way just anyone can become President in America. You have to be very wealthy and in the upper classes inner circle. Once President that is who they pay back in kick backs to first. Middle class is who they make work for them and they get the profits.
    • A Yahoo! User  •  Phoenix, Arizona  •  4 mths ago
      Until I see a middle class party, this corporate owned govt and corporate owned media can go kick rocks and pound sand.
    • james c  •  4 mths ago
      I think the middle class should be able to write tax laws that benefit the middle class. You know, just like the wealthy. They write their own tax laws which is why we pay 25-35% and they pay 1-15%. This is fair right? EFFN ASHOLES
    • Bird  •  Houston, Texas  •  4 mths ago
      And a few more !
      30. The missile defense program is being cut by $1.4 billion in 2010
      31. Restarted the nuclear nonproliferation talks and building back up the nuclear inspection infrastructure/protocols
      32. Reengaged in the treaties/agreements to protect the Antarctic
      33. Reengaged in the agreements/talks on global warming and greenhouse gas emissions
      34. Visited more countries and met with more world leaders than any president in his first six months in office
      35. Successful release of US captain held bySomali pirates; authorized the SEALS to do their job
      36. US Navy increasing patrols off Somali coast
      37. Attractive tax write-offs for those who buy hybrid automobiles
      38. Cash for clunkers program offers vouchers to trade in fuel inefficient, polluting old cars for new cars; stimulated auto sales
      39. Announced plans to purchase fuel efficient American-made fleet for the federal government
      40. Expanded the SCHIP program to cover health care for 4 million more children
      41. Signed national service legislation; expandednational youth service program
      42. Instituted a new policy on Cuba, allowing Cuban families to return home to visit loved ones
      43. Ended the previous policy of not regulating and labeling carbon dioxide emissions
      44. Expanding vaccination programs
      45. Immediate and efficient response to the floods in North Dakota and other natural disasters
      46. Closed offshore tax safe havens
      47. Negotiated deal with Swiss banks to permit US government to gain access to records of tax evaders and criminals
      48. Ended the previous policy of offering tax benefits to corporations who outsource American jobs; the new policy is to promote in-sourcing to bring jobs ba
    • Brian  •  4 mths ago
      Gingrich tax rate - 31% Obama tax rate - 25% Romney tax rate - 15% Obama and Romney both made well over a million last year why don't they get taxed at 31% as well again?
    • me  •  4 mths ago
      I would Pay to see Barack Obama DEBATE Newt Gingrich !!!
    • DogA.  •  Fredonia, New York  •  4 mths ago
      Maybe the real problem here is that all these candidates are trying to argue for and defend policies that are not working for the American people.
    • sf79  •  4 mths ago
      well at least he paid 31% and not 15%. he still should have paid more though. i also expected him to have made more money. whatever.
    • 1776  •  Corning, New York  •  4 mths ago
      Romney has created problems for himself by not releasing his taxes now. What is the hold up?
    • kind cust  •  Rice Lake, Wisconsin  •  4 mths ago
      politicans are the poop stain on the underwear of america
    • JohnL  •  Monterey, California  •  4 mths ago
      The Bible says to store up riches in Heaven, not off shore accounts!
    • joe  •  4 mths ago
      ITS time that News media reporters, editors, writers, CEO's PRIVATE lifes are completely investigated. Americans need to know if media types have attended the University of Karl Marx, or the Ho Chi Mihn school of higher learning, or the Joseph Stalin school of economics or the Pol Pot school of ethics.
    • Aaron Lee  •  Atlanta, Georgia  •  4 mths ago
      Does anyone besides me wonder why someone who makes millions wants a job as President that doesnt pay a million? Guess we could ask the Oil companies and the Ultra Wealthy how much they are promising their new puppets?Maybe then it would make sense.
    • PIGS LEAVE ME NEG. POSTS  •  4 mths ago
      REPUBLICANS want a return to the guilded age
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