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...