Detailed text transcripts for TV channel - MSNBC - 20120807:

Detailed text transcripts for TV channel - MSNBC - 20120807:03:34:00

politics at work. >> what if it comes out he hasn't paid taxes in ten years. what reason does harry reid have to lie? president obama is winging this right back into his stump speech. spoke to supporters in connecticut in the last few hours and had this to say about romney's tax plan. >> an independent non-partisan organization crunched the numbers. they determined that governor romney's plan would effectively raise taxes on middle-class families with children by an average of $2,000. he would ask the middle class to pay more in taxes so he could give another $250,000 tax cut to people making more than $3 million a year. it's like robin hood in reverse. it's romney-hood. >> romney-hood. that's a good one. ari, how damaging is this to romney's tax proposal and his plan. it keeps the focus on it. and if he were to release his taxes, he would show that clearly he's at advantage with the system and a lot of wealthy people are probably telling him, don't release it.

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