Detailed text transcripts for TV channel - MSNBC - 20111207:21:33:00 : vimarsana.com

Detailed text transcripts for TV channel - MSNBC - 20111207:21:33:00

matters. if you can't justify, it why are you doing it? >> and -- and to that end, we -- we saw a list today that lists the 30 corporations that have spent more money lobbying in the past year than they did in taxes, and that's -- that will be up on the web and all the rest of it, but think about that. these are 30 american corporations who literally spent more money lobbying than they paid in in taxes. bill, is not the biggest -- one of the big reasons a corporation spends money lob seg to get out of paying taxes? >> exactly right, dylan. they are trying to game the system, and in fact there's been studies by the imf, university of minnesota, harvard law school that say when companies put money into lobbying they are moving away from making a best product, trying to gain the system rather than focusing on the quality what have they do. that's what happened to the auto industry in detroit for decades. they have finally gotten their act together now and we've got

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