Detailed text transcripts for TV channel - MSNBC - 20121121:06:04:00
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>> it's like somebody goes to a restaurant, orders a big steak dinner, martini, all that stuff and then just as you're sitting down, they leave -- [ laughter ] -- and accuse you of running up the tab. >> that's a good line but -- you had for a long time republicans in congress resisting the idea of tax cuts for average americans, even though they all signed the norquist pledge and that would in effect amount to a tax increase because it had been implemented before. only when president obama turned up the heat on this issue and it began to gain political traction did you see some change back. a...
>> that's a good line but -- you had for a long time republicans in congress resisting the idea of tax cuts for average americans, even though they all signed the norquist pledge and that would in effect amount to a tax increase because it had been implemented before. only when president obama turned up the heat on this issue and it began to gain political traction did you see some change back. and the fact is in so many of these areas where republicans tried to block action or make it seem much, much worse by making it more acrimonious, as long as they could get away with it politically and n...
Paying a higher rate? they ought to have to answer for that. and if their pledge to keep that kind of unfairness in place, they should remember the last time i checked the only pledge that really matters is the pledge we take to uphold the constitution. we're already hearing the usual defenders of these kinds of loopholes saying this is just class warfare. i reject the idea that asking a hedge fund manager to pay the same tax rate as a plumber or teacher is class warfare. >> that is not the talk of a president who is trying to thread the needle of compromise with his opposing party in the cong...
They have been doing it. that's what democrats -- not the president -- that's what many democrats are going to say because the republicans have now opened up the issue of class warfare. >> it seems the grover norquist pledge is costing them politically, allowing the president as they have done to describe them as having signed away forever for the rest of their lives any consideration of closing tax loopholes. that's one of the forgotten elements of the norquist pledge is it doesn't allow them to even close tax loopholes because that would raise tax revenue. the president is able now to identi...