Detailed text transcripts for TV channel - CNN - 20171129:10

Detailed text transcripts for TV channel - CNN - 20171129:10:37:00

it's due. he was helping in this process. let's talk about the deficit trigger. this is something that is getting a lot of attention as well. this idea that you would automatically raise taxes if these really optimistic growth targets aren't met and the deficit balloons. that sounds really hard to do. >> yeah, and it makes me think of things they've done in the past that have sort of taken on lives of their own. things like the doc fix without getting into the details of that and the amt patch, they create the zombie legislation where they have to periodically change things over time and you can see that idea. that's sort of the end result if the -- if the economy doesn't grow the way they think it does they would have to sort of, you know, undo their own work in the future. >> republicans don't like to raise taxes. that could be a hard sell to say oh, yeah, here's this mechanism by which we will automatically raise your taxes if things don't go the way we want.

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