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Detailed text transcripts for TV channel - MSNBC - 20110627:22:09:00

People s home mortgage deductions, it hits the middle class. go look at who benefits from the home mortgage interest deduction. that s incorrect what you are saying. you can tell me that no middle class person has a house and they have no deductions. is an aggressive deduction tp. i can help you guys. no, wait a minute. i can t have you take away all of these deductions from the middle class. that s what you would do. i can t have you take away all these deducks and say but as a reward i will lower the top bracket for the rich. that s crazy talk. that is a trade-off. can i clear this up for you. first of all, ezra has a point in the following sense. 67% of benefits of home interest mortgage deduction go to the top 20%. it is not exactly middle class. but don t worry about it because nobody is talking about that. when they are talking about broadening the base and lowering rates, they are talking about on the corporate side. here, i m not sure i agree with my friend ez ....

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