Detailed text transcripts for TV channel - MSNBC - 20130308:06:06:00
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Taxing side of it? now we have to concentrate on spending. is that done now? the revenue side of it taken care of? >> no. it is not. the president said originally he wanted $1.6 trillion in revenue. he took it down to $1.2 trillion as a compromise in this legislation we get $620 billion. very significant high-end tax, changing high-end tax rate to 39.6%. but that is not enough on the revenue side. we've already agreed to $1 trillion in spending cuts, over $1 trillion in spending cuts. >> what are you talking about? are you talking about more taxes? >> we're talking about looking at the tax cod...