Detailed text transcripts for TV channel - MSNBC - 20130101:03:27:00
The power that they used to. and one of the pieces of evidence for that is in the capital gains and the dividends part of this, which was not a big part of the conversation. but a major concession that republicans got was that dividends were going to go up to 39.6% tomorrow. as part of this deal, instead, they will be taxed to 20%. that is a huge cut for the extremely wealthy. and it is only the kind of thing that congress could do if there was no organized labor opposing it. because you have the investment class on one side, and nobody kind of making the case for higher taxes on dividends. so...
Source: news source