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Republicans ruled that out saying the new revenue would not be achieved through higher tax rates which we continue to oppose. they were referring to an erskine bowles plan that he testified to in the fall of 2011. the white house made it clear that s a nonstarter and they won t even respond until the gop puts forth a plan that includes a tax rate hike. the obstacle continues to be republicans who hold out hope. millionaires and billionaires. while it sounds like the two sides are far apart, the budget numbers are not that far apart. ....
It was lowered to 28%. we can take that approach again. you know, you brought up the fact that you are in real est e estate. one of the items that will be on the table is the mortgage deduction and one of the kr criticisms that the white house had, for instance on the boehner plan, is there were no details there on deductions. how do you envision just dealing with the mortgage deduction tax credit? well, the idea that i like the most is by capping deductions in the aggregate so you don t pick on one deduction or itemize deductions for mo mortgage interest or for charitable deduction but you have an aggregate that s a cap. maybe it s $35,000, whatever it might be. so you cap the total of deductions. you don t itemize them and pull one out and leave one on the table. if we end up going over the cliff, because of this tax rate issue, is it something that republicans ought to say, you know what, we can t deal with ....
Passed this. boehner is under increasing pressure to schedule a vote on this and get it out of the way. once they do that, the game is over. nancy pelosi is trying to take care of that. she plans to bring a discharge petition to the floor of the house tomorrow. this would force republicans to openly accept or reject the middle class tax cuts. did this influence the republicans desire to release a plan? do you think this conversation in recent days about this technique that she s going to put on the floor, do you think that prompted this deal today? if you call this deal a plan. there s nothing here, ed. this is exactly what romney was touting. they don t want to raise taxes on the rich. the top 2% are held basically sack row sacrosanct. ....
Openly accept or reject the middle class tax cuts. did this influence the republicans desire to release a plan? do you think this conversation in recent days about this technique that she s going to put on the floor, do you think that prompted this deal today? if you call this deal a plan. there s nothing here, ed. this is exactly what romney was touting. they don t want to raise taxes on the rich. the top 2% are held basically sacresect. what about pelosi s move? they are going to be vulnerable. the back story here is not only 2012 and the election of 2012. the back story is 2014. if republicans continue to stick to being the shoes for the wealthy in this country and maintaining a war on the middle class, america is going to vote them out of office. we re going to have a republican party that not only is a minority party, but is a ....
President obama and the democrats have put forward a plan relying mostly on raising more revenue from the wealthiest 2% of the country. republicans rely mostly on draconian cuts affecting the middle class and the poor and republicans aren t specific about how they get $800 billion in revenue. for the conversation, let s turn to richard wolffe, msnbc political analyst and vice president and executive director of msnbc.com. and molly ball, political reporter for the atlantic. the republican proposal includes ryan s voucher program for medicare. we re not even a month away from the election and they are throwing up on the wall everything that was rejected. why are they doing this? well, i can tell you why they think they have a mandate. they are throwing insults at each other and that means they are engaging. ....