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Detailed text transcripts for TV channel - MSNBC - 20100804:03:10:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20100804:03:10:00

Pitch here? >> it's a really neat trick they've pulled. so a bit of quick history here. in 2001, bush administration wants to do tax cuts, but they don't have 60 votes in the senate, which as all viewers of the "rachel maddow show" knows, you need to get anything done. so they did budget reconciliation. it has rules to make sure you didn't increase the deficit. they got around that rule by adding a ten-year expiration. they did not increase the deficit outside of what's called the budget window. and what they understood after ten years, nobody would want to allow a tax increase to come into be...

Detailed text transcripts for TV channel - MSNBC - 20100804:01:11:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20100804:01:11:00

If all democrats di s died in a tomorrow, it would still be happening at the end of this year, absent legislation action. but it has become a very potent political issue for them. >> and still democrats, even if everybody in the country understood that background, and i think not many people do, i still think democrats end up at this sort of massive disadvantage here. because in order to explain why extending the bush tax cuts beyond the date when they're going to expire is bad, you have to ask people to sort of hold on until the end of the sentence. and if the first two words of sentence are ...