Detailed text transcripts for TV channel - MSNBC - 20110426:07:20:00
Brave and smart things, but what it needs to do is more tax reform and more creative taxation. so taxing energy is something that would work a lot better. a lot of people brought up a value-added tax, which would work a lot better. a lot of them liked the people's budget, but they didn't think they had gone quite far enough in terms of new thinking on taxes. >> this is the only budget that takes a serious look at defense spending. something that says, okay, wait a minute, what are we really going to need to do going forward? >> let me give a couple other people credit here. there are five budg...