Detailed text transcripts for TV channel - MSNBC - 20100714:13:42:00
On the policy, we should be looking at what will create growth in the united states. we are growing too slowly and seeing millions of people out of work as a result. the top rates are ones that hit small businesses, about 50% of small business income is taxed at those rates. i think that would be a mistake at this moment. quite frankly, what we shouldn't extend are the subsidies to consuming things. what we need is a reorientation of our nation from saving, investment and growth and that's how they should view the decision to extend some or all these tax cuts. >> douglas holtz eakin, former di...