February 14th, 2014
10:09 PM ET

Billionaire Tom Perkins: Pay a million in taxes, "get a million votes"

"The War on the 1%." That was the name of an event in San Francisco Thursday night attended by nearly 300 people, where billionaire Tom Perkins again claimed that the rich in America are under attack.

This wasn't the first time that Perkins sparked controversy.

Tom Perkins: Taxes will lead to 'economic extinction' of the 1%

The venture capitalist compared the vilification of the rich to the treatment of Jews in Nazi Germany.

He has apologized for that extreme comment but is doubling down on the sentiment.

His latest idea: if you have more money, you should get more votes.

"The Tom Perkins system is: You don't get the vote if you don't pay a dollar in taxes" Perkins said. "But what I really think is it should be like a corporation. You pay a million dollars, you get a million votes."

Perkins later said his intent was to be outrageous, but he's not the only member of the one percent fighting back.

Billionaire investor Sam Zell and and Bud Konheim, the CEO of the fashion company Nicole Miller, also grabbed headlines for defending the rich.

"This country should not talk about envy of the one percent, they should talk about emulating the one percent," Zell said. "The one percent works harder."

"We've got a country that the poverty level is wealth in 99 percent of the rest of the world," Konheim told CNBC. "So we're talking about woe is me, woe is us, woe is this."

"The guy that's making, oh my God, $35,000 a year...Why don't we try that out in India or some country we can't even name....China, anyplace, that guy is wealthy."

Is there really a war on the one percent?

OutFront: Conservative Columnist Reihan Salam and Democratic Strategist Paul Begala.

Filed under: News
February 14th, 2014
10:04 PM ET

Jurors "hit a wall," will resume deliberations Saturday in loud-music murder trial

It appears jurors are struggling to reach a verdict in the so-called "loud music" murder trial.

The jury in the Micheal Dunn murder trial ended their deliberation Friday night and told the judge they would like to resume on Saturday.

Dunn is charged with first-degree murder in the November 2012 death of 17-year-old Jordan Davis, one of four black teenagers who were in an SUV shot by Dunn - who is white - in violence that flared from an argument over loud music.

Florida jurors continue deliberations Saturday in loud-music murder trial

Earlier in the day, the jury asked the judge if it's possible to not reach a verdict on one count but reach a verdict on the others. The judge said "yes."

Dunn was also charged with three counts of attempted murder for the shots fired at an SUV with teens inside.

OutFront: Judge Glenda Hatchett and Janet Johnson a Criminal Defense Attorney.

Filed under: 'Loud Music' murder trial • Justice • News
February 14th, 2014
09:49 PM ET

U.S. Speedskating team claim Under Armour suits slowed them down in Sochi

Are America's struggling speed skaters the victims of a wardrobe malfunction or just sore losers?

This is a team that won four medals during the Vancouver games, but this time around in Sochi, they've failed to reach the podium.

In fact, no skater has finished better than 7th place.

US Speedskating Team Reportedly Slowed Down by Under Armour Uniforms in Sochi

According to reports, the squad is blaming their poor performance on the design of their Under Armour suits.

They claim the vents on the back of the suit are creating a drag and slowing them down.

But is that really the case or is Team U.S.A. making excuses for a poor performance?

Mediaite's Joe Concha is OutFront.

Filed under: News • Sochi 2014 • Sochi Winter Olympics • Sports
February 14th, 2014
09:44 PM ET

At least 30 injured in 100 car pileup on Pennsylvania turnpike

Millions of Americans are experiencing a travel nightmare.

In the past 36 hours, there have been more than 8,000 flights canceled - and many more thousands delayed after a massive winter storm pummeled the East Coast.

The roads were no better.

More than 100 vehicles were involved in a pileup just north of Philadelphia, injuring at least 30 people.

Icy roads from the winter storm are being blamed for the giant crash.

CNN's Margaret Conley was stuck in the middle of it for several hours and is Outfront with the story.

Filed under: News
February 14th, 2014
09:39 PM ET

Attorney: My client was not Philip Seymour Hoffman's dealer

The alleged drug dealer suspected of selling heroin to Philip Seymour Hoffman was granted a $200,000 bond.

Robert Vineberg sat in a Manhattan court room as his attorney denied he was a drug dealer and told the judge the 300 bags of heroin that were found in his apartment were for his personal use.

The self-admitted heroin addict was arrested two days after Hoffman was found dead in his apartment from an apparent heroin overdose.

Police say Hoffman's number was also found on Vineberg's cell phone.

Wineberg's defense attorney Edward Kratt tells CNN's Erin Burnett that there was "no profit motive" in this case.

"The small amount of drugs and the small amount of money, $1,000 in the drug business is nothing," Kratt said.

Defense Attorney Edward Kratt is OutFront.

Filed under: Justice • News • Philip Seymour Hoffman
« older posts