Detailed text transcripts for TV channel - MSNBC - 20120718:

Detailed text transcripts for TV channel - MSNBC - 20120718:00:42:00

that's simply not true, ed. mitt romney's tax plan calls for a 20% across the board cut in all tax rates. and that's accomplished without reducing revenue by getting rid of exemptions and deductions particularly for the wealthy. he has acknowledged many times there are many wealthy americans who would end up paying more because you get fewer deductions and excemptions. >> you're telling me i'm wrong when i hear and read in the tax plan that mitt romney wants to raise the taxes on people making under $30,000 a year? >> you are absolutely wrong. >> i am not wrong. ari? >> i'm not wrong. >> it's a smear. >> it's no smear, it's the truth. >> take a look at the tax plan as it's laid out in mitt romney's website or anyplace where it's laid out in a fair and open way. >> i'll do that, but i tell you what, you're wrong. >> michael is speaking only about the marginal rates when is a piece of this, not the whole

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