Detailed text transcripts for TV channel - CNN - 20101206:23

Detailed text transcripts for TV channel - CNN - 20101206:23:42:00

those making more than $250,000 a year. the president says he hates that part of it, but under the circumstances, he had no choice. he didn't have the political power to push back. the republicans were holding firm. they wanted to continue the tax rates for everyone. they would have voted against continuing the tax rates only for those making less than $250,000 a year. let's assess what's going on. we have members of the best political team on television standing by. i want to go to dan lothian first. i know you've had briefings on this, dan. is it a done deal now? do they -- are they 100% convinced they have the votes in the house and the senate to get this through? >> well, no one is saying that it's a done deal yet. they are optimistic that they have the votes to get this through. wolf, i think what you heard tonight from the president is making a case to justify why he and others were willing to compromise on deeply-held positions. the president believing that this is the right time and the

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