Detailed text transcripts for TV channel - MSNBC - 20120709:22:36:00
>> he's right. under president clinton the top tax rate for the richest americans was nearly 40%. that didn't hurt growth. in fact, it did the opposite. during the clinton era, the private sector produced 20.8 million jobs. then president bush took office and lowered the tax rates to 35%. that's when trickle down fizzled out. during the bush era, the private sector lost more than $600,0600 jobs. so much for taxes for the wealthy create jobs. have they really forgotten the real legacy of the bush presidency? the national debt went up by $4.9 trillion. the median income dropped 4.2%. and 8.2 mil...
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