Detailed text transcripts for TV channel - MSNBC - 20111121:07:10:00
That was our offer to the democrats. in addition to which there was other revenue, you know it, total about $500 billion. this had never been proposed by republicans before because it would mean that people in the upper brackets, whatever their tax rate was, would be paying more taxes because their loopholes, the deductions and credits that they take advantage of, would no longer exist. >> i want to ask you quickly where we go from here. so the question is, if you fail, ultimately, there are automatic spending cuts that happen. one of the big ones is on defense. secretary panetta has said the ...