Detailed text transcripts for TV channel - MSNBC - 20110720:

Detailed text transcripts for TV channel - MSNBC - 20110720:03:11:00

to come back with a nan would do that. none of the save frgs social security go for deficit reduction. it goes to extent the life of social security itself. >> and on the tax piece which is the part that it's hard to see how house republicans can accept any version of it. is there something you are doing with your plan that you think would somehow be acceptable to eric kantor? >> three things i would say. first of all, it is fundamental sweeping reform to make america more competitive to provide a lift to the economy and broaden the base and reduce rates including the corporate rate. it is paid for by eliminating other corporate loopholes and dodges that exist in the current system. second, cbo would score this as a $1.5 trillion tax cut compared to current law.

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