Detailed text transcripts for TV channel - MSNBC - 20130314:10:40:00
Yes, in theory tax reform and getting new revenue sounds great and each sounds easy. until you get into the specifics. any loophole worth closing that generates enough revenue to actually then offset it with entitlement cuts is extremely difficult to do. you have to start getting into charitable dedeductions and mortgage tax dedeductions. you can't get rid of a loophole for a billionaire that drives a private plane. a drop in the bucket and doesn't give you real revenue you need to get any sort of big entitlement reform on the back end to get republicans to the table and why it's difficult. su...