Detailed text transcripts for TV channel - MSNBC - 20121122:15:34:00
Income tax credit for low-income families, the payroll tax cut, that's just a few of them out there. what would the tax hikes mean for the average american? i mean, the economic impact, would that be felt immediately? >> obviously there's going to be a big impact here. when you total all the cuts set to expire, the tax hike is something like $400 million. they will not hit the same people but it is a hefty number. this is certainly something the average american would feel a whole lot at home. and to your point earlier, i think it would be interesting as there doesn't seem like there's a whole...