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CNNW Anderson Cooper 360 April 18, 2012



year, politicians dust off their three-point plans for $2 gas. president obama that was march 15th mocking challenger newt gingrich. today he wasn t promising $2 gas. he wasn t dusting off a three-point plan. he did unveil a five-point plan to crack down. where speculators artificially manipulate markets by buying oil, creating the shortage and driving oil higher. we can t afford a situation where some speculators can reap millions while millions of american families get the short end of the stick. that s not the way the market should work. keeping them honest. not even his own advisers could say how this would effect prices. telling politico, i m not going to speculate about this provision or any other provision and the specific effects it would have on the price at the pump. the proposed legislation is unlikely to get through the house. president obama is pitching it after spending the last few months arguing this. there is no such thing as a quick fix when it ....

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Detailed text transcripts for TV channel - MSNBC - 20120416:11:16:00

Year, $600,000 a year, is being compared to warren buffett. at the end of the day, that comparison doesn t stick. but the reality doesn t stick either, the way that the taxes are doled out now. but the code needs to be reformed. the president who wants this bill to be passed, he has not paid 30% federal taxes in the last two years. why? not because he didn t want to but because the code is structured in a way. tell me this, what does the buffett rule how do you mandate that someone pay 30% under the buffett rule? well, obviously, you have to raise, obviously but the buffett rule doesn t do that. i know. you have to raise capital gains taxes. chuck todd, the white house, you have the president s tax returns out. he pays anywhere from 20% to 26% in taxes. right. are they concerned about that? well, they are a little bit except they don t make $1 million a year. ....

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Detailed text transcripts for TV channel - MSNBC - 20120410:16:15:00

10 years, food safety and inspection services $530 million, amtrak $2.2 billion. consider that the tax system is broken and that s frequently invoked when the president is talking about the buffett rule, which does nothing to fix the tax system. with obama care adding 5,000 irs jobs to the dole, i mean a dole no it doesn t. yes it does. the irs wants to hire 5,000 new people to administer obama care. that is clearly worsening the tax system and not fixing it, along with buffett rule which complicates it. it doesn t make it any bet. alex, all of this talk about drop in the bucket, why are we fixated on the silver bullet? why can t we talk about the fact that the buffett rule is one of many things that need to be done to close the budget deficit? so the buffett rule doesn t raise as much money as paul ryan wants to do, it s pixie dust. you know, as you pointed out or joan pointed out what does this plan do? ....

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