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Detailed text transcripts for TV channel - MSNBC - 20120128:12:15:00

Have gone down over time, our top marginal rate has gone down, percentage of gdp paid in corporate taxes is at a 50 or 60-year low. the actual policy that s happening is the tax burden of the wealthiest americans has been shrinking at the same time that every single poll robustly shows over and over and over again people support higher taxes on the wealthy and when you deal with a loophole like the carried interest loophole which allows them to claire income as capital gains and pay 15%. josh said during the break he thought it was not a defensible policy. rupert murdoch of all people was tweeting about how it s not defensible. yet it persists. how do you transfer both into the actual tax code? well, it s difficult. it took the new york delegation seven years to pass the 9/11 health and compensation act that we should take care of the ....

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Detailed text transcripts for TV channel - MSNBC - 20120128:13:15:00

Of first person event hang out with the guys and policy narrative. the climax of the book the two narratives, bam, collide. i m in this very strange position of being, you know, part of the story. at the time when it actually broke, i was in kandahar which is in southern afghanistan on an air base hanging out with all of these helicopter pilots doing a story about apache helicopter pilots. and one of the soldiers came up to me and said, hey, man, you hear about this crazy story in rolling stone it was like i was like, yeah, i wrote that one. and he is like, no, expletive, expletive. guys, come over here. it was this incredible experience where throughout the next few days, every soldier i d run into i print out a copy and talk about running into someone there who was a big fan of rachel maddow and i had a rachel maddow hat and i gave it to her. ....

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Detailed text transcripts for TV channel - MSNBC - 20120128:13:36:00

Stuck in a quagmire. he was laughed and mocked for that. the policy was let s not get stuck in a quagmire. but as iraq happened, the military response to this sort of disaster in iraq coming up with this counterinsurgency plan to stabilize iraq and turn their attention to afghanistan and say, okay, well, it worked in iraq, let s roll the dice here. so there is no it doesn t make us safer. it s extremely expensive. and a lot of people are dying. and so but it s sort of momentum. it s the momentum of the war. congresswoman, you voted for the authorization to use military force. you re a member of congress. and only one person voted against it, barbara lee in california. i think it s fair to say there was that wrong writers in election and american public at large. and the media. ....

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Detailed text transcripts for TV channel - MSNBC - 20120128:12:28:00

Signed pledges, no new taxes. no new taxes. so they won t vote for them and they have the majority. josh? i this the reason the carried interest tax treatment survives is that it s actually not that large a tax issue in the big picture. sure. you say why can t we have a good tax policy, why can t we tax carried interest properly? it will raise an extra $2 billion, $3 billion a year. we re left with a $497 billion deficit. but of course, the reason i raise it, it s low-hanging fruit. the point is, fine, yes, does it solve the federal deficit? no. about who pays for elections. let s be fair. thank you, heather. i ve been leading everybody to the water but nobody wanted to take a drink. we re talking about democracy now. the link, my organization was founded on the link between political inequality and economic inequality. we are sitting here at the absolute pinnacle of seeing how every single time there is a policy that advantages basically the top 1% of the 1%, which i ....

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Detailed text transcripts for TV channel - MSNBC - 20120128:13:05:00

Liberal candidate, right? gives him a hundred million dollars or a billion dollars. i mean, there are people that can do that. josh, what do you think would be the consequence of that? does that trouble you at all to sort of imagine that? well, i think the thing is that it s much more expensive to buy unpopular policy than popular policy. sure. so i think but you can pay the premium. but the question is when do you reach that point of diminishing returns? again, i think what sheldon adelson we are seeing the limit of money in politics. no matter how much money you throw to a candidate who is bad enough you can t get them elect. i think it matters at the margin in various instances. i think the problem with this idea that you need to get money out of politics and that money isn t first of all, it costs money to run a newspaper. there isn t this clean line between, you know, what is money being thrown at the block and what is ordinary discourse that happens to cost money to ....

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