Detailed text transcripts for TV channel - MSNBC - 20120915:03:24:00
>> but i think this is an important point, it's sort of what you said there. the politicians of parties do this all the time, they pretend the tax breaks in the code are for yachts and oil companies. when you're talking about these big rate reductions, these kind of big plans, you're talking about things -- you're talking about the home mortgage interest deduction. what are the breaks in the code? >> aside from the ones we mentioned, deduction for state and local taxes is very big. and savings incentives for retirement. i.r.a.s. 401(k)s. all that kind of stuff. those are really -- those five o...