Detailed text transcripts for TV channel - MSNBC - 20120415:14:05:00
You just wrote that the buffett rule, while potentially important, sort of moving in the right direction around deficit reduction, is really the wrong place to start. explain to me why. >> i think it's a reasonable idea is because if you look at the tax rate for top earners over time, it's drifted down overtime and much lower than an historical average. it makes more sense to push it closer than an historic average. we have enormous problems with our tax goad, government debt. the buff set rule is so marginal it won't improve the debt. we have a joblessness problem. it won't reinvigorate the e...