Detailed text transcripts for TV channel - MSNBC - 20110421:05:23:00 : vimarsana.com

Detailed text transcripts for TV channel - MSNBC - 20110421:05:23:00

you got to remember, these businesses pay taxes to individuals. so when you raise their tax rate to 44.8%, which is what the president is proposing, i would just fundamentally disagree that is going to hurt job creation. >> you remember that old show "password." the password is redistribute. you know, and then the crowd -- oh. i think they're going to get it. folks if the bush tax cuts expired for the wealthy, their rate would go back to 39%. would that knock them out of business? no. that was the number under president clinton. not 44.8%. but the real story here is that ryan is getting the smackdown from his own constituents. income, redistribution, look. they ain't buying that. hell, yeah. absolutely income redistribution. people understand what shared sacrifice is all about, and there's a guy right there who has been in washington too long who has a big disconnect with the people who put him there.

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