Detailed text transcripts for TV channel - MSNBC - 20121119:12:32:00
That's $584 billion. he wants to raise rates on capital gains and def dends, $242 billion. other changes and exemptions and deductions, $165 billion and raise estate taxes. this all adds up to $1.6 trillion. if you want $1.6 trillion of revenue, that is very hard to get it without raising rates on the top 2%. that's the president's fundamental point. >> andy, what is the impact of raising $1.6 trillion in taxes and the spending cuts? the "wall street journal" suggesting the top business leaders are bracing for an economic downturn. >> the top business leaders have indicated they're willing to ...
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