Robert D. Hormats of the U.S. Department of State, Zachary Karabell of River Twice Research, and Gary Rieschel of Qiming Venture Partners discuss the role of China in a technologized age at the Techonomy 2012 conference in Tucson, Ariz. Here are some highlights of the session.
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Is Paul Ryan's budget plan a liability for Romney? Or are Dems celebrating too soon? Patricia Murphy, Zachary Karabell, and John Avlon take a closer look at the details.
Read moreObama, Romney Tax Returns Unleash Worst Political Instincts
So it would seem that President Obama and his family are experiencing downward mobility. The Obamas released their 2011 tax return today, and showed that they earned $789,674. That is a healthy income and places the president well in the top 1 percent of all earners in the United States. He and Michelle paid $162,000 in federal income tax, at a rate of just over 20 percent. That is less than what the president recently proposed as the minimum rate for the very affluent. In addition, the Obamas donated more than 20 percent of their income to various charities.
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