Detailed text transcripts for TV channel - CNN - 20110413:21:30:00
Point, it would amount to $115 billion over a decade. but raise taxes by that same amount, 1 percentage points, and it comes to just under $500 billion. cnn money says there are other reasons why the richest americans cannot generate the kind of revenue that is needed. >> the income of the very wealthy tends to be more volatile than the income of most people because it's tied up with investments and when the economy goes south, often their income gets hurt. so you're not going to get as much revenue from them as you might expect, especially when you need it in a down turn. and, two, there are ...