Video: Mitt Romney releases his tax returns

Republican presidential hopeful Mitt Romney released his tax returns, which reveal he paid a 14 percent rate on nearly $22 million in income for 2010. NBC?s Chuck Todd talks to TODAY?s Matt Lauer about how this release might impact the race.

>> chuck todd is nbc's political director and chief white house correspondent. good morning to you. after weeks of questions we finally get a look at the 2010 tax report or return from mitt romney . do you see any surprises in here, anything that will give his rivals more ammunition?

>> well, i think there is certainly fodder for some of his democratic opponents. things like having a swiss bank account . that's not something a lot of ordinary americans have. but it's the timing of the release that's probably the most difficult thing for the romney campaign to handle. the theme of the state of the union is fairness, income in inequality and here is the potential republican nominee who we noted that it's $40 million plus in income over two years but he wasn't working. he was running for president. this was all interest and dividend income. it certainly paints a picture of something that a lot of americans cannot connect to.

>> let's go to the debate last night. mike murphy on "meet the press" on sunday said mitt romney was wounded after south carolina . he was now in a corner with a broken bottle and he had to decide whether he was going to fight with it. it appears he decided to fight with it.

>> he did all day yesterday. it started with the ad peter mentioned in his report. his strategy seemed to be to go after gingrich and hope gingrich would respond. that was the odd thing last night. gingrich decided to be above the fray and act like the front-runner. i want to put a smile on my face a blis. you could tell romney was trying. spent 30 minutes trying to draw him out. didn't successfully do it. then he backed off a little bit. i think he realized he didn't want to look shrill.

>> chuck todd in washington this morning. thank you very much.

Source: http://video.today.msnbc.msn.com/today/46113352/

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