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CNNW Anderson Cooper 360 December 21, 2011

dysfunction. dysfunction, dysfunction. let s go outfront. i m erin burnett and outfront tonight, rejection and dysfunction. the house today rejecting the senate s plan to extend the payroll tax cut. now, that means that your taxes are going to go up somewhere between $700 and $2,300 next year unless, oh, the big unless an all new congressional committee and it is an all new committee comes to the agreement by the year s end. president obama s approval ratings are up as congress falls on this, and he seized the moment today. but now, even though republicans and democrats in the senate were willing to compromise for the good of the country, a faction of republicans in the house are refusing to even vote on the senate bill. bill that cuts taxes for 160 million americans. and because of their refusal to cooperate, all of those americans could face a tax hike in just 11 days. and millions of americans who are out there looking for work could find their unemployment i ....

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Detailed text transcripts for TV channel - MSNBC - 20110523:13:12:00

Did, which is the door is open a little bit. that s what this summer is going to be about. the mitch daniels exit means this. we re going to have a summer of speculation. some republicans are going to say get over it. this is the field. if you re in the establishment, you better start taking sides, whether it s mitt romney, tim pawlenty or jon huntsman or newt gingrich. you better pick from this field. you re going to hear chris christie stuff, draft movements, paul ryan, rick perry, the governor of texas. a summer of speculation is going to happen. the question is whether any of these guys, ryan or christie actually takes the bait. what do those two have in common? getting started so late is usually near impossible to actually win the nomination. chuck, we ll check in with you later. coming up next, we are going to get the very latest on this ....

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