Detailed text transcripts for TV channel - MSNBC - 20110720:

Detailed text transcripts for TV channel - MSNBC - 20110720:07:11:00

we've given them a number to hit, a savings number that they are responsible to secure. >> and on the social security piece, what are the savings that you achieve there? >> what we have called for is 75-year solvency. again, none of the savings from social security go to deficit reduction, it all goes to extend 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 in what you're doing with tax revenues in your plan that you think would somehow suddenly be acceptable to eric cantor? >> yeah, three things i would say. first of all, it is fundamental, sweeping tax reform to make america more competitive, to try to provide a lift to the economy by broadening the base, by reducing races, including the corporate rate that is paid for by eliminating other corporate

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