Supporters hail Mitt Romney's released tax records while opponents sneer at the details. CNN's Lisa Sylvester reports.

RELATED POST: Romney made $42.7 million in 2 years

CNN's Erin Burnett scours Mitt Romney's tax records which reveal his use of blind trusts and carried interest tax breaks.

RELATED STORY: Romney made $42.7 million in 2 years

Sen. Schumer calls the payroll tax cut agreement a "win for the American people."

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RELATED STORY: Boehner announces deal on payroll tax cut

CNN's Mary Snow takes a look at what will happen if the payroll tax cut is not extended.

RELATED STORY: Senate Republican frustration mounting with House GOP

(CNN) – Republican Sen. John McCain of Arizona said Tuesday the battle on Capitol Hill between Democrats and Republicans over extending the payroll tax cut was causing damage to the GOP.

"It is harming the Republican Party," McCain said on CNN's "The Situation Room with Wolf Blitzer." "It is harming the view, if it's possible anymore, of the American people about Congress. And we've got to get this thing resolved."

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RELATED STORY: CNNMoney: Payroll tax roulette

By Wolf Blitzer, CNN

(CNN) - With Herman Cain out of the Republican race for the White House, what happens to his “9-9-9” tax plan? The short answer, of course, is that it’s gone. What isn’t gone, though, is a desire for major tax reform in the United States.

All the candidates have come out with various proposals to reshape the way the government taxes people and corporations. There is an emerging consensus among Republicans and Democrats that the system is way too complicated, inefficient and costly. Fresh ideas are absolutely necessary.
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Gov. Bobby Jindal discusses whether or not Rick Perry's flat tax solution encourages "class warfare."

Gov. Perry says his flat tax would eliminate taxes on capital gains and dividends. CNN's Tom Foreman looks at the numbers.

(CNN) - It’s clear that Texas Governor Rick Perry needs to jump start his presidential campaign.

The new CBS/New York Times poll has him coming in fifth nationally among Republican voters. Herman Cain is at 25%; Mitt Romney 21%; Newt Gingrich 10%; Ron Paul 8%; and Perry at only 6%.
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In light of recent budget battles, is it fair that corporations can defer paying taxes? Lisa Sylvester investigates.