Detailed text transcripts for TV channel - CNN - 20110405:14:03:00
The federal government would affectively get out of the business and give block grants. lump sum payments to states for them to deal with, we're told that could add up to about $5 $507 -- $750 billion in changes. >> massive changes. other changes, too, having to do with making the tax cuts permanent, for example, ones changing the tax code. in fact, hearing a lot about ge and the fact that they didn't pay taxes last year. would that factor into his idea? >> reporter: it does seem to be, at least that theory. the idea that corporations have big gaping loopholes that they can use to -- like the ...