Jorge Ramos: You just released your tax returns. In 2010 you only paid 13% of taxes while most Americans paid much more than that. Is that fair?
Mitt Romney Well, actually, I released two years of taxes and I think the average is almost 15%. And then also, on top of that, I gave another more 15% to charity. When you add it together with all of the taxes and the charity, particularly in the last year, I think it reaches almost 40% that I gave back to the community. One of the reasons why we have a lower tax rate on capital gains is because capital gains are also being taxed at the corporate level. So as businesses earn profits, that's taxed at 35%, then as they distribute those profits as dividends, that's taxed at 15% more. So, all total, the tax rate is really closer to 45 or 50%.
Jorge Ramos: But is it fair what you pay, 13%, while most pay much more than that?
Mitt Romney Well, again, I go back to the point that the, that the funds are being taxed twice at two different levels.

I want individuals to have their own insurance. That means the insurance company will have an incentive to keep you healthy. It also means if you don't like what they do, you can fire them. I like being able to fire people who provide services to me. You know, if someone doesn't give me a good service that I need, I want to say I'm going to go get someone else to provide that service to me.

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Rick Perry: But, you know, I'm just saying, you were for individual mandates, my friend.
Mitt Romney: You know what, you've raised that before, Rick, uh, and you're still wrong.
Rick Penny: It was true then. And it's true now.
Mitt Romney: Rick, I'll tell you what, 10,000 bucks? $10,000 bet?

Mitt Romney: Well, but will the people in Nevada not have to pay Nevada sales tax and in addition pay the 9% tax?
Herman Cain: Governor Romney, you're doing the same thing that they're doing. You're mixing apples and oranges. You're going to pay —
Mitt Romney: I'm —
Herman Cain: No, no, no, no. You're going to pay the state sales tax, no matter what.
Mitt Romney: Right.
Herman Cain: Whether you throw out the existing code and you put in our plan, you're still going to pay that. That's apples and oranges.
Mitt Romney: Fine. And I'm going to be getting a bushel basket that has apples and oranges in it because I've got to pay both taxes, and the people in Nevada don't want to pay both taxes.

Rick, I don't think I've ever hired an illegal in my life... We had a lawn company to mow our lawn, and they had illegal immigrants, and when that was pointed out to us, we let them go... So we went to the company and we said, "Look, you can't have any illegals working on our property. I'm running for office, for Pete's sake. I can't have illegals."

I think it was last weekend, I was watching C-SPAN, and I saw Vice President Dick Cheney, and he was being asked questions about a whole host of issues — following 9/11, the affairs in various countries in the world. And I listened to him speak and said whether you agree or disagree with him, this a man of wisdom and judgment, and he could have been president of the United States. That's the kind of person I'd like to have — a person of wisdom and judgment.

John King: FEMA is about to run out of money, and there are some people who say do it on a case-by-case basis and some people who say, you know, maybe we're learning a lesson here that the states should take on more of this role. How do you deal with something like that?
Mitt Romney: Absolutely. Every time you have an occasion to take something from the federal government and send it back to the states, that's the right direction. And if you can go even further and send it back to the private sector, that's even better. Instead of thinking in the federal budget, what we should cut — we should ask ourselves the opposite question. What should we keep? We should take all of what we're doing at the federal level and say, what are the things we're doing that we don’t have to do? And those things we've got to stop doing, because we're borrowing $1.6 trillion more this year than we're taking in. We cannot —
John King: Including disaster relief, though?
Mitt Romney: We cannot — we cannot afford to do those things without jeopardizing the future for our kids. It is simply immoral, in my view, for us to continue to rack up larger and larger debts and pass them on to our kids, knowing full well that we'll all be dead and gone before it's paid off. It makes no sense at all.

Barack Obama has failed America. When he took office, the economy was in recession. He made it worse. And he made it last longer. Three years later, over 16 million Americans are out of work or have just quit looking. Millions more are underemployed. Three years later, unemployment is still above 8%, a figure he said his stimulus would keep from happening. Three years later, foreclosures are still at record levels. Three years later the prices of homes continue to fall. Three years later, our national debt has grown nearly as large as our entire economy. Families are buried under higher prices for food and higher prices for gasoline. It breaks my heart to see what's happening in this country. These failing hopes make up President Obama's own misery index. It's never been higher.

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