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Detailed text transcripts for TV channel - MSNBC - 20121202:13:38:00

Tax is paid by labor. some of it, yes. the question is, how much? to me, the thing, bruce, i want you to respond to this. whatever taxes are now, they should be lower. it cannot be the case that it is always true of the current tax rate that it is too high. to me, it is genuinely the argument that is being made. it cannot comport to reality when you succeed in cutting taxes. bruce. one of the things about the people that they do is try to shift the debate over on to corporations. the real problem, frankly is not that we have a top marginal rate that is too low, it s the structure of the rate structure. the big problem we have at the moment has to do with the taxation of dividends which was justified on the grounds this would help raise capital ....

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Detailed text transcripts for TV channel - MSNBC - 20121202:13:09:00

Who holds what over in the primaries and whether republicans feel being in office is more important than doing the right thing. that s what the question is. we have seen a lot of tea party candidates win primaries. it cost them senate sees this year. that s the discussion. whether it s the tea party or grover or both, that s the discussion. the one thing i take you to task about is you left out the military spending side. the role that two wars unpaid for have played in the run up as well as a drug benefit that was granted in the bush administration without a plan to pay for it, either. deciding vote for which, i have to say this every time it comes up. the deciding vote cast by paul ryan. it passed by one vote in the house. paul ryan, fyi. he owns a system that cost us dearly. rightly or wrongly, dearly because there s no way to pay ....

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Detailed text transcripts for TV channel - MSNBC - 20121202:13:10:00

For it. this idea that s grown up since the 70s tharks you can have just what you have before and not have to pay for it unless a democrat happens to be president, then you have to pay for that and everything before it. here is my question. elizabeth, one of the reasons i wanted to have you here today is you are doing interesting work that i heard you talk at an event. the history of politics of taxes more or less. what s interesting is we tend to talk about it like each side has a direction they want taxes to go. maybe there s an equilibrium. if taxes are too high, they are past this equilibrium. if taxes are too low and you can t fund the government, that creates a backlash and they go up. i wonder if that s how you think about it or that s how the hisry played out. what impresses me is americans have been more open to ....

Big Open Question , President Obama , 70s Tharks , Taxes Dont Go ,

Detailed text transcripts for TV channel - MSNBC - 20121202:13:06:00

Inequality in the world. underfunding in infrastructure. the solution to this problem in the long run and the solution to an ageing population where health care will consume a greater part of the economy is for everyone to pay more in taxes and guarantee a form of public goods. the most successful democracy is where it is structured around universe albens where everyone pays in and makes use of what the state provides. now, no leaders are making that argument. in the short run, they are right not to. getting rid of the entirety of the bush tax cuts for all brackets hurts the recovery. once we are in the recovery, we have to do at least that and more. the question is, does the death of the consensus mean american voters are ready to hear that? how will this president or the next make the case? joining me today, governor of ....

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CNNW Erin Burnett OutFront July 4, 2012

good evening, everyone. i m erin burnett. outfront tonight, ooh-la-la. france s most powerful woman sticking her nose in america s business. it is sort of her job to do that. christine lagarde, head of the imf, had a doom and gloom message for washington today. economic recovery remains tepid, and downside risks have intensified. what we see is clearly a risk that confidence be eroded. and she didn t stop there. she took on president obama, too. in fact, she called his $3.8 trillion budget, which he says will reduce the deficit from 8.5% to 5.5% of our economy by next year as too rapid. among her suggestions, more infrastructure spending, housing initiatives and further extension of the emergency unemployment benefits. now, hey, we re all for ideas from anyone, but this did seem to be a pretty naked endorsement of the spend, spend, spend idea which is in vogue in lagarde s home country of france right now, where they plan to cut the retirement age from 62 to 60. h ....

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