Detailed text transcripts for TV channel - MSNBC - 20121103:

Detailed text transcripts for TV channel - MSNBC - 20121103:14:45:00

gdp has grown at 1.7% and we know we are in a pretty sluggish economy. there is a huge disconnect between what's proposed and what's going on outside this window? >> that's the big deal. the claim is, i'm going to go in and cut taxes. don't worry, cutting taxes is going to be stimulative. we are going to end up with way more jobs and there will be fewer taxes from each individual. there will be way more people paying into the tax system. revenue neutral. lakshman is telling us you have a choice over how much you charge people in taxes. they may not produce all the jobs. what he is doing on day one is adding to the deficit. >> could be but let's go back to 1980 and ronald reagan. changed tax policy, a similar situation to now. i don't know many people who trust washington to have any more money to spend. >> i think reagan is a great example. he did cut taxes and we had

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