Detailed text transcripts for TV channel - CNN - 20101228:01:37:00 : vimarsana.com

Detailed text transcripts for TV channel - CNN - 20101228:01:37:00

republican/democrat just like education. i think we are, where secretary duncan and the president are, where a lot of republicans are, accountability, charter schools, and the like. i think we have the opportunity for an education bill and energy bill. and then the big daddy of them all, i think the president should lead on deficit reduction. even if it means, eliot, ticking off, our base, even itch f it m ticking off those for military spending. we have to take deficit reduction seriously. the president has got to lead. >> when it comes to the deficit issue. you are so right that obviously is going to be the overhanging issue and now that the bush tax cuts have been locked in for the next couple years it gets harder. it seems to me the way to address this is through fundamental tax reform. you can do what some people are talking about. simplify the code. eliminate a lot of the credits that really don't appropriate deuce a whole lot. lower rates. still generate an awful lot of additional revenue. so you hit both the deficit concerns, simplification, equity, at the same time.

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