Detailed text transcripts for TV channel - CNN - 20110413:18

Detailed text transcripts for TV channel - CNN - 20110413:18:20:00

reductions and while i believe in homeownership and charitable giving we can't ignore the fact that they provide millions an average tax break of $75,000, but do knotting for the typical middle-class family who doesn't itemize, so my budget calls for limiting itemized deductions for wealthest americans, and a reform that would reduce the deficit by $320 billion over ten years. but to reduce the deficit, i believe that we should go further, and that is why i am calling on congress to reform our individual tax code so that it is fair and simple. so, that the amount of taxes that you pay isn't determined by what kind of accountant you can afford. i believe that reform should protect the middle-class, promote economic growth and build on the fiscal commission's model of reducing tax expenditures so that there is enough savings to lower rates and lower the deficit.

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