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Detailed text transcripts for TV channel - MSNBC - 20120128:13:44:00

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Detailed text transcripts for TV channel - MSNBC - 20120128:12:19:00

The president decided to make this argument about taxes on the question of fairness. that s the framework. buffett versus the secretary. right. i think he was a little thin in his state of the union address on the question of values. we could also look at the budget as a value statement. we want to do these things, schools, energy. i think there he was a little light compared to other state of the union addresses. david, do you agree with josh? i tend to also, that the idea that the long-term sort of the long-term fiscal security of the country can be can be maintained without taxes going up on anyone who makes $250,000 or less is not tenable? we re beginning to have to raise taxes on everyone. and the reason we re going to have to do this is because ronald reagan got elected promising a balanced budget, did the opposite. george h.w. bush ran up deficits. bill clinton was bringing them down and then we came along with, oh, we re going to have budget surpluses as far as the ....

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Detailed text transcripts for TV channel - MSNBC - 20120128:12:28:00

Signed pledges, no new taxes. no new taxes. so they won t vote for them and they have the majority. josh? i this the reason the carried interest tax treatment survives is that it s actually not that large a tax issue in the big picture. sure. you say why can t we have a good tax policy, why can t we tax carried interest properly? it will raise an extra $2 billion, $3 billion a year. we re left with a $497 billion deficit. but of course, the reason i raise it, it s low-hanging fruit. the point is, fine, yes, does it solve the federal deficit? no. about who pays for elections. let s be fair. thank you, heather. i ve been leading everybody to the water but nobody wanted to take a drink. we re talking about democracy now. the link, my organization was founded on the link between political inequality and economic inequality. we are sitting here at the absolute pinnacle of seeing how every single time there is a policy that advantages basically the top 1% of the 1%, which i ....

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Detailed text transcripts for TV channel - MSNBC - 20120128:12:18:00

Should pay more. yes. the purpose of taxation is to fund the government. so the government can do useful things. also to punish people like mitt romney. but continue. okay. but this is the question. off message. off message heather says. continue. the president talks about in his speech, we need a buffett rule. if you make less than $250,000 a year, you shouldn t have to pay more in taxes. that raises about $37 billion a year in new revenue, which is not closes less than 5% of the annual budget gap. i agree with what you re saying, josh. that we are going to need more revenue. that s your point, right? aggressives should be saying we need more revenue, it s true. there s an unwillingness among progressives to defend the idea the government is worth paying for. below $250,000. i completely agree with you quarterback josh. i also completely agree with you, josh. fair enough. here s the thing. ....

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Detailed text transcripts for TV channel - MSNBC - 20120128:13:05:00

Liberal candidate, right? gives him a hundred million dollars or a billion dollars. i mean, there are people that can do that. josh, what do you think would be the consequence of that? does that trouble you at all to sort of imagine that? well, i think the thing is that it s much more expensive to buy unpopular policy than popular policy. sure. so i think but you can pay the premium. but the question is when do you reach that point of diminishing returns? again, i think what sheldon adelson we are seeing the limit of money in politics. no matter how much money you throw to a candidate who is bad enough you can t get them elect. i think it matters at the margin in various instances. i think the problem with this idea that you need to get money out of politics and that money isn t first of all, it costs money to run a newspaper. there isn t this clean line between, you know, what is money being thrown at the block and what is ordinary discourse that happens to cost money to ....

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