Detailed text transcripts for TV channel - MSNBC - 20130308:07:54:00
But it also means we need to get revenue. and this time revenue from eliminating a lot of the tax breaks and tax loopholes that disproportionately benefit very wealthy people. >> how much money could you raise in revenue that would in any way affect the deficit? i mean, you'd have to raise so many billions of dollars. and how can you do it through reform without raising the rates? that's what i can't understand. >> well, the president has a plan on the table that first of all says for high-income earners you still get to take a bunch of the deductions but your total deductions are going to be ...