Detailed text transcripts for TV channel - MSNBC - 20120103:01:57:00
Reagan passed a very large tax cut in 1981. that led to large deficits in 1982. progressively over the next decade, he agreed to packages that raised taxes. we had the bush tax cuts passed in 2001. we have large deficits now. the argument is republicans should agree to among other things tax increases that don't quite roll back the entire bush tax cut but begin to take care of the deficit some. they have a much more dogmatic stance on taxation than ronald reagan did. >> why aren't the democrats saying ronald reagan, your hero, not yours, but the republicans' hero, raised taxes on the job creat...
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