Detailed text transcripts for TV channel - MSNBC - 20110505:13:42:00
Anything that would increase taxes because i think the real problem is we're spending too much. there's no use kidding about that. for instance, the president said, well, we've got to increase the tax on the rich. if we took his tax on the rich, that would amount about to $36 billion this year. now put that in perspective. we're having a deficit $1.5 trillion. so it hardly would make a dent in that. no, our problem is spending. it's not taxes. we'll have enough revenues once we come through this recession. >> yeah, but senator, the whole point of bringing this sup to make the point that the ta...