Mitt Romney and his wife, Ann Romney, released their 2011 tax returns today. Spoiler alerts: They're still really rich, and Democrats will call for him to release more!

They paid $1.94 million in federal income taxes on income of $13.7 million, most of it from investments, for an effective tax rate of 14.1 percent, his campaign said.

Posted in: Mitt Romney

Republican presidential candidate Mitt Romney is seeking to divert attention from a certain viral video that leaked this week by directing your attention to ... another viral video that leaked this week. Give it up for the Internet!

In damage control mode after a video from a private May 2012 fundraiser showed Romney saying 47 percent of voters are entitled and dependent on government handouts, Mitt pointed to a 1998 clip of President Obama saying he believes in redistribution.

Posted in: Mitt Romney

An audio recording of President Obama speaking at Chicago's Loyola University in 1998 has surfaced. In it, Obama outlines his belief in the redistribution of wealth.

Then-Illinois State Senator Obama spoke out against "propaganda" that said government doesn't work and the need to use its means to help the less fortunate.

Posted in: Barack Obama