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CNN Legal View with Ashleigh Banfield August 12, 2013 15:16:00

United states prisons are overflowing. federal prisons are nearly 40% over capacity jammed with more than 219,000 inmates. nearly half of them serving time for drug crimes. and it is an even worse statistic at state level. but today the attorney general, eric holder, is unveiling what he calls, quote, smart on crime strategy aimed at reducing that massive prison population. in part by scaling back the use of these mandatory harsh sentences for certain drug-related crimes. i want to quote here, holder says, quote, we need to ensure incarceration is used to punish, deter, and rehabilitate, not merely to convict and warehouse and forget. cnn s evan perez is in washington with the very latest on this story. evan, how much of an overhaul is this really and are we talking about new laws or just different ways of using the existing laws? well, this is actually a very ....

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Detailed text transcripts for TV channel - MSNBC - 20130807:07:58:00

right. it s like if one person stands up at a stadium they re fine but when everyone stands off, no one is better off. mortgage interest deduction going into the housing market raises prices in such a way that it kind of gets eaten into whatever benefit you got in the first place. kind of like the health care deduction. this is a state where that accidentally became very important. it actually was never designed as a specific housing program. it fell into the code when it was adopted. i think studies are clear it doesn t actually benefit homeownership. most of it is soaked up at the very top end in part because you have to deduct. the more you pay in taxes, the more the benefit is. if you take the standard deduction you don t get it. yes. and if you have a huge mortgage payment you get more value out of it. so kind of like health care deduction. it s something that becomes central to how we employer provided health care deduction is central to how we see middle class life and w ....

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Detailed text transcripts for TV channel - MSNBC - 20130807:00:59:00

Class life and we will have to approach it to scaling back and slow slowly rolling it back over years which i think is becoming a con seven tus approach. and shahein, you re very engaged in this fight going on in congress. is there an actual prospect for anything to happen in congress? no. no. i m sorry to be so blunt but there s nothing that will happen before 2014. i mean, there are too many differences between the democrats and the republicans. not only that, there are too many differences between folks in the republican party, between senate republicans and house republicans, between tea party republicans and those who are more friendly to corporate interests. there is virtually no prospect for anything advancing before the 2014 election. large largely this is an intellectual debate where we start the discussion and hope to pick it up some time after 2014, maybe before 2016 but, honestly, who knows? well, we do like intellectual discussions here on all in. heidi from the g ....

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Detailed text transcripts for TV channel - MSNBC - 20130807:03:59:00

Important. it actually was never designed as a specific housing program. it fell into the code when it was adopted. i think studies are clear it doesn t actually benefit homeownership. most of it is soaked up at the very top end in part because you have to deduct. the more you pay in taxes, the more the benefit is. if you take the standard deduction you don t get it. yes. and if you have a huge mortgage payment you get more value out of it. so kind of like health care deduction. it s something that becomes central to how we employer provided health care deduction is central to how we see middle class life and we will have to approach it to scaling back and slowly rolling it back over years which i think is becoming a concensus approach. and shahein, you re very engaged in this fight going on in congress. is there an actual prospect for anything to happen in congress? no. no. i m sorry to be so blunt but there s nothing that will happen before 2014. i mean, there are too many ....

We Couldn T , Housing Program , Health Care Deduction , Mortgage Payment , Middle Class ,

Detailed text transcripts for TV channel - MSNBC - 20130728:17:06:00

and now, of course, president obama making those comments in the wake of the trayvon martin trial. president obama also slammed congressional republicans for what he called their austerity approach to dealing with the budget, and republicans have called for a scaling back domestic spending and also repealing president obama s health care laws, and alex, the budget battles are around the corner and of course, one of the biggest ones is going to be the debt ceiling fight and we know it is a knock down-drag down fight and we expect it to be another one in the next few weeks. the president is hitting the road to chattanooga, tennessee, tuesday where he is going to call for investment in manufacturing. thank you, kristen welker at the white house. we have more political headlines. secretary jack lew will weigh in on the latest talk of a possible government shutdown over the government. congress needs to get the work done and fund the kinds of things that the american middle-class ne ....

Trayvon Martin Trial , Austerity Approach , Alex Witt , Budget Battles , Debt Ceiling Fight , Down Fight , Health Care Laws , Kristen Welker , Jack Lew , White House , Government Shutdown , Mining America , Debt Limit ,