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Detailed text transcripts for TV channel - MSNBC - 20120912:05:47:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20120912:05:47:00

Which of the deductions are you going to be willing to eliminate eliminate? >> well, we'll go through that process with congress as to which of all the different deductions -- >> but do you have any ideas now like the home mortgage interest deduction? >> well, simpson bowles went through a process where they had actually under their proposal even more revenue for the government with lower rates. so mathematically it's been proved to be possible. we can have lower rates that creates more growth and we can limit tt deductions and exemptions. >> actually, mitt, simpson/bowles proposed cutting tax...

Detailed text transcripts for TV channel - MSNBC - 20120912:02:47:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20120912:02:47:00

People at the high end, high income taxpayers, are going to have fewer deductions and exemptions. >> when are you going to tell us where you're going to get the revenue? which of the deductions are you going to be willing to elimin e eliminate? >> well, we'll go through that process with congress as to which of all the different deductions -- >> but do you have any ideas now like the home mortgage interest deduction? >> well, simpson bowles went through a process where they had actually under their proposal even more revenue for the government with lower rates. so mathematically it's been prov...